Public Meeting Regarding Fleet Financial Group, Inc., and BankBoston Corporation
Held on Wednesday, July 7, 1999, at the Federal Reserve Bank of Boston
Transcript of the Public Meeting held on July 7, 1999, on the application of Fleet Financial Group, Inc., to merge with BankBoston Corporation. Transcripts and exhibits are presented by speaker panel; they are also presented in their entirety after the last panel.
Complete Wednesday transcript | Complete Wednesday exhibits (49.6 MB PDF)
| Wednesday, July 7, 1999 | |
|---|---|
| Index of Speakers and Welcome | |
| Opening Remarks | Dolores Smith, Presiding Officer and Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System |
| Panel One | Terrence Murray, Chairman and Chief Executive Officer, Fleet Financial Group, Inc Charles K. Gifford, Chairman and Chief Executive Officer, BankBoston Corporation Gail Snowden, Executive Vice President, BankBoston Corporation Agnes Bundy Scanlan, Managing Director of Corporate Community Development, Fleet Financial Group, Inc. |
| Panel Two | Mayor Thomas M. Menino, Boston, Massachusetts United States Representative Michael Capuano Massachusetts Senator Dianne Wilkerson Jeanette Boone, on behalf of U.S. Senator John Kerry (MA) Larry Ferguson, District Director, Office of U.S. Representative Patrick Kennedy (RI) Exhibits (514 KB PDF) |
| Panel Three | Attorney General Tom Reilly, State of Massachusetts Attorney General Richard Blumenthal, State of Connecticut Denise L. Nappier, Treasurer, State of Connecticut |
| Panel Four | Representatives from the Association of Community Organization for Reform Now (ACORN) Joyce Campbell, on behalf of Maude Hurd (National President, ACORN) Angie Wilkerson, on behalf of Matthew Christian (Dorchester) Lunita Mustafa, on behalf of Elnora Thompson (Dorchester) Jennifer Carter, (Roslindale) Gwendolyn Jacobs, (New York) Lori Brown, (Bridgeport) Eddie Collazo, on behalf of Lucy Mateo (Bridgeport) Karen Miller, on behalf of Rose Blain (Mattapan) Exhibits (7.0 MB PDF) |
| Panel Five | Reverend Norvel Goff, Sr., Baber AME Church Margot Stern Strom, Facing History and Ourselves Nancy Korman, Massachusetts Youth Service Alliance Tandeka Guilderson, Center for Women and Enterprise Debbie Deacetis, Patriot's Trail Girl Scouts Gregory Williams, President, Mercer County Business Association Romney Resney , Mass Insight Richard C. Lord, Associated Industries of Massachusetts Martha H. Jones, BankBoston Celebrity Series Paul Bessire, Museum of Fine Arts Pastor William Gillison, Mt. Olive Baptist Church Charles R. Parrott, Vice Chairman, Greater Boston YMCA Ruth Scott, President and CEO, Scott Associates Peter Cuenca, Cuenca Enterprises Lyndia Downie, Acting President, Pine Street Inn Susan Rodgerson, Exec. Director, Artists for Humanity Robert Regan, President and CEO, New England College of Finance Rose Minay Durade, Co-Chair, Latino Professional Network Lynn Swann, President, Swann, Inc. Tripp Jones, Executive Director, Mass Inc. Michael Brown, on behalf of Robert Lewis, Jr., Executive Director, City Year Manuel Mirabel, President and CEO, National Puerto Rican Coalition Frank Moy, Chairman, Boston Chamber of Neighborhood Commerce Stephen Dickerman, Friends of the NE Holocaust Memorial Exhibits (651 KB PDF) |
| Panel Six | Rev. Al Sharpton, President, CEO, and Chairman, National Action Network Martha Yager, on behalf of Matthew Lee, Esq., Executive Director, Inner City Press/Community on the Move and Inner City Public Interest Law Center Abduljabbar Muhammad, on behalf of Minister Don Muhammad, The Nation of Islam |
| Panel Seven | Ellen Feingold, President, Citizens' Housing and Planning Association, Inc. Kenneth I. Guscott, President, Minority Developers Association Ruhi Maker, Esq., Public Interest Law Office of Rochester Ruhi Maker, on behalf of Rashmi Rangan, Executive Director, Delaware Community Reinvestment Action Council, Inc. Joan Wallace-Benjamin, President and CEO, Urban League of Eastern Massachusetts, Inc. Martha Yager, Program Coordinator, Granite State Community Reinvestment Association Exhibits (6.9 MB PDF) |
| Panel Eight | Bruce Marks, CEO, Neighborhood Assistance Corporation of America John C. Anderson, The/Real Estate Analyst |
| Panel Nine | Carol Aranjo, D.E. Wells Federal Credit Union, Springfield, Mass. Marc Draisen, President and CEO, Massachusetts Association of Community Development Corporations Jeanne DuBois, Dorchester Bay Economic Development Corporation and Massachusetts Association of Community Development Corporations Andrew Morehouse, Greater Holyoke Community Development Corporation Michael Westgate, Chelsea Neighborhood Housing Services Susan Worgaftik, Massachusetts Micro- Enterprise Coalition David Young, Millers River Community Development Corporation Exhibits (1.4 MB PDF) |
| Panel Ten | Elizabeth A. Webster, Capital Campaign Director, Tompkins County Economic Opportunity Corporation Denise Flynn, Junior Achievement Linda Whitlock, Boys and Girls Club of Boston Dr. Jane Smith, President and CEO, National Council of Negro Women Paul Guzzi, Greater Boston Chamber of Commerce Peter Meade, Blue Cross/Blue Shield Alan Macdonald, Executive Director, Massachusetts Business Roundtable Robert Y. Justis, Jr., Director of Economic Development, Central Vermont Public Service Corporation James T. Brett, New England Council Ronald K. Machtley, President, Bryant College Felix Soto, President, J&M Auto Sales Felix Torres, Executive Director, Manchester Neighborhood Housing Services Douglas Johnson, President, Heritage Consulting Group Dennis Langley, Executive Director, Urban League of Rhode Island Cherylyn Satterwhite, Executive Director, Dunbar Community Center Jeffrey Campbell, President, Cuts and Creations Eric Schwartz, Citizens Schools Aaron Lieberman, Jumpstart for Young Children Carl Axelrod, on behalf of Leonard Zakim, Executive Director, Anti-Defamation League Michael Widmer, Massachusetts Taxpayers Foundation, Inc. Edward Lane Reicker David Brown, CFO, Purple Cactus, Inc. William Farrell, General Counsel, Rhode Island Bankers Association |
| Panel Eleven | U.S. Representative Barney Frank U.S. Representative William D. Delahunt |
| Panel Twelve | Sonia Alleyne and Thomas Callahan, Executive Director, Massachusetts Affordable Housing Alliance John Lozada, Attorney at Law, Glack & Quiroga Rita Gonzales Levine and Mossik Hacobian, Urban EDGE Ozell Hudson, Jr., Executive Director, Lawyers Committee for Civil Rights Catherine B. Malmstrom, New Jersey Citizen Action Susan Pearson, South Boston Action Center |
| Panel Thirteen | Susan E. Bodington, Director of Housing Policy, Rhode Island Housing and Mortgage Finance Corporation Brenda J. Clement, Executive Director, The Housing Network Reverend Joseph E. Washington, Chairman and CEO, Organization for a New Equality Raymond Neirinckx, Coordinator, Rhode Island Community Reinvestment Association |
| Panel Fourteen | Mayor Michael J. Albano, Springfield, Massachusetts Massachusetts Representative Jarrett T. Barrios Vermelle Parks, Senior Research Analyst, Office of Mass. Representative Shirley Owens-Hicks Gareth R. Saunders, Boston City Councilor |
| Panel Fifteen | John Silvanus Wilson, Jr., Moorehouse College Alumni Association Samuel C. Hamilton, Executive Director, Hartford Economic Development Corporation Henry Thomas, President, Urban League of Greater Springfield Sol Soskin, Long Island Development Corporation Peter Gagliardi, Executive Director, Hampden/Hampshire Housing Partnership Richard Cumberland, Community Preservation Corporation Christopher Sikes, Executive Director, Western Massachusetts Enterprise Fund F. Carlisle Towery, Greater Jamaica Local Development Corp. Jim Morgo, Long Island Housing Partnership Karen Phillips, President and CEO, Abyssinian Development Corporation Phillip Morrow, South Bronx Overall Economic Development Timothy Marshall, Jamaica Business Resource Center Keith Stokes, Executive Director, Newport Chamber of Commerce Jeffrey Pollock, President, New Hampshire Business Development David Crowley, Generations, Inc. Anne S. Habiby, Initiative for a Competitive Inner City Jose Champagne, President, Sofri El Coqui Fernando Comulada, CFO, Intramerica Wholesalers, Inc. Peter Fellenz, Executive Director, Worcester Community Housing Heirberto Flores, Executive Director, Brightwood Development Corp. Exhibits (4.1 MB PDF) |
| Panel Sixteen | Juan M. Cofield, Treasurer, NAACP, Boston Branch Rev. Frank E. Kelley, Senior Pastor, Way of the Cross Church Drew Astolfi, Anti-Displacement Project, Springfield James T. Haskell and Dr. Wayne M. Burton, President, Salem Harbor Community Development Corporation Marcia Peters, Attorney at Law Gail Pisacane, Valley Opportunity Council Exhibits (313 KB PDF) |
| Panel Seventeen | Leo Sarkissian, Executive Director, ARC Massachusetts Bob Van Meter, Allston Brighton Community Development Corporation Andrew R. Grainger, President, New England Legal Foundation John O'Connor, Green WORKS Ned Brown, FMC Holdings, Inc. Larry Raff, Goodwill Industries Exhibits (483 KB PDF) |
| Panel Eighteen | Jim Campen, Associate Professor of Economics, University of Massachusetts/Boston Robert R. Davis, Director of Government Relations, America's Community Bankers Donald S. Glass, President, Community Bank League of New England Exhibits (1.3 MB PDF) |
| Panel Nineteen | Frank Carvalho, Coalition for a Better Acre Roger Colton, Belmont Fair Housing Committee Pat Cusick, Executive Director, South End Neighborhood Action Program David Harris, Fair Housing Center of Greater Boston Rev. William Barnwell, Greater Boston Interfaith Organization Bruce C. Bolling, Executive Director, Massachusetts Alliance for Small Contractors, Inc. Exhibits (2.9 MB PDF) |
| Panel Twenty | Alvin Porter Luz Santana, Vecinos Unidos, Inc. Greg Vickers, Research Analyst, Citizens' Research Education Network Roger Garvin, candidate for Boston City Council Vickie Hurewitz, Community Researcher, SENSES (Statewide Emergency Network for Social and Economic Security) Gregory B. Timilty Exhibits (2.5 MB PDF) |
| Open Forum | R.K. Schwartz, U.S. Department of Commerce, Minority Business Development Agency Dennis Flynn Exhibits (108 KB PDF) |
| Other Written Testimony | Exhibits (14 MB PDF) |