HomeMy WebLinkAboutAgenda Report - June 19, 2002 D-03aCITY OF LODI COUNCIL COMMUNICATION
AGENDA TITLE: Presentation Of Certificate Of Recognition To Farmers And Merchants Bank For
Receiving An "Outstanding" Community Reinvestment Act Rating From The Federal
Reserve Bank
MEETING DATE: June 19, 2002
PREPARED BY: City Clerk
RECOMMENDED ACTION: That Mayor Pennino present a Certificate of Recognition to Farmers and
Merchants Bank for receiving an "Outstanding" Community Reinvestment Act
Rating from the Federal Reserve Bank.
BACKGROUND INFORMATION: The Federal Reserve Bank has issued an "Outstanding" Community
Reinvestment Act rating, which is the highest possible rating, to
Farmers and Merchants Bank for its reinvestment back into the
community. There are less than 5% of banks nationwide that have
this distinction. Chairman of the Board, Ole Mettler, will be at the meeting to accept the Certificate.
FUNDING: None required.
Susan J. Blackston
City Clerk
APPROVED:
H. Di on Flynn -- City Manager