and Governor Pataki announced two Banking Development District (BDD)
designations in Manhattan, one in South-Central Harlem and one on
Roosevelt Island and a designation in Onondaga County. The BDD legislation
was signed into law by Governor Pataki in 1997 making New York State
the first and only state to have this unique program. BDDs provide
communities with a powerful resource to promote economic development
and to provide financial institutions with incentives to locate
in traditionally underserved communities. In 2001, there were nine
BDDs in New York State.
first Banking Development District designation was presented to
Carver Federal Savings Bank President and CEO, Deborah Wright, who
together with Manhattan Borough President C. Virginia Fields, applied
for South Central Harlem to be designated as a BDD. This is the
first time South-Central Harlem has had a bank in over 25 years.
Island's BDD designation was presented to Serafin U. Mariel, the
President of the New York National Bank. President Mariel
applied jointly with Manhattan Borough President C. Virginia Fields
for Roosevelt Island to receive a BDD designation. This designation
makes New York National the only full-service bank branch on Roosevelt
Island that provides banking services to residents and businesses.
Governor Pataki presented the BDD designation to
Robert Schick, President and CEO of Lyons National Bank and Mayor
of the Village of Jordan, Richard M. Platten, who filed a joint
application to have the Village of Jordan in Onondaga County designated
as a BDD.