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WTC Tribute
Department and Industry Response to 9/11 Attacks
150th Anniversary and Celebration
Employee Recognition / Awards
State of the Financial Industry
Holocaust Claims Processing Office
Criminal Investigation Bureau
Enforcement Actions
Banking Development Districts
"On the Road"
Predatory Lending
Governor Pataki Addresses the Banking Department Staff
Banking Board Membership
Office Locations
 

Banking Development Districts

The Superintendent 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.

South Central Harlem
Photo of Superintendent McCaul and Governor Pataki presenting Harlem's first BDD to Carter Federal Savings Bank.Manhattan's 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.

Roosevelt Island
Roosevelt 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.

Village of Jordan
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.

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 Tribute to World Trade Center Victims | Department and Industry Response to 9/11 Attacks | 150th Anniversary Celebration | Employee Awards | State of the Financial Services Industry | Holocaust Claims Processing Office Accomplishments | Criminal Investigations Bureau Accomplishments | Enforcement Actions | Banking Development Districts | The Superintendent's Travels Throughout New York State | Predatory Lending | Governor Pataki's Address to the New York State Banking Department Staff | Banking Board Membership | Schedules | Office Locations


NYS Banking Department