FMCRC Chair places AT&T and Foundations in the “batters box”

Statement by FMCRC Community Reinvestment Review Team:

Roland Sanchez, Esq. (President, Cuban American Bar Association)

Reggie Clyne Esq. (FMCRC General Counsel):

“We are pleased to announce that FMCRC and Bank of America Florida have come to agreement on development of an MOU that includes an annual CRA-Minority Community Reinvestment Review that will bring both transparency and accountability.  We commend the President of Bank of America Florida and Bank of America for their willingness to look outside the box and work with FMCRC to bring change to Floridacommunity reinvestment.    This is a critical time for Florida and willingness of Bank of America, Chase and Wells Fargo to look outside the box will be significant in creation of jobs and community revitalization ofFlorida’s minority communities, businesses and organizations.“

Statement by FMCRC Chair Al Pina:

“We are pleased with this outcome and the willingness of Bank of America to work with FMCRC on these very serious issues our communities of color are facing in Florida.  Now it is time to roll up our sleeves on get to work to rebuild our communities, businesses and organizations.  The end result will be significant job creation and development of a consumer base that will be of benefit to all Floridians.  But to do so, it will take more than just the banks.  The foundations and corporations such as AT&T must be socially responsive to minority communities and organizations.  I am placing both the Foundations and AT&T in the “batters box” and hope they will be open to working to develop a new community reinvestment model to Florida”