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)
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