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1999 Banking Development District Hearings


The Banking Development District (BDD) program, created by the New York State Legislature in 1999 to encourage the establishment of bank branches in areas with a demonstrated need for banking services can help provide the services necessary to stimulate local economies by enhancing access to capital for local businesses, promoting long-term economic development, fostering job creation and promoting community stabilization and revitalization.

The Department assessed it's BDD program in 2009/2010. The first phase of the assessment included surveying participating banks and the communities they served, and the second phase was a series public hearings to provide the Department with additional insight on the effectiveness of the BDD program and to hear ideas on how the program might be improved.

Submitted testimonies from Public Hearings in New York City and Buffalo are listed below.

New York City Hearing (Thursday, April 2)



Amalgamated Bank

Erik Shumar, VP Community Development

Carver Federal Savings Bank

Deborah C. Wright, President & CEO

Coalition for Debtor Education

Barbara Kent, President

Cross Country Federal Savings Bank

J. Antonio Quesada, Assistant VP, CRA Officer

Cypress Hills Local Development Corporation

Michelle Neugebauer, Executive Director

Financial Service Centers of New York (The)

Jason Carballo, President

Lower East Side People’s Federal Credit Union

Linda Levy, CEO

Neighborhood Economic Development Advocacy Project (“NEDAP”)

Deyanara Del Rio, Associate Director

Neighborhood Housing Services of New York City (“NHS of NYC”)

Janelle Greene, Director Gov't & Community Relations

NYC Comptroller’s Office

Comptroller William C. Thompson

NYC Department of Consumer Affairs

Commissioner Jonathan Mintz

New York Community Bancorp

Andrew Kaplan, EVP & Director of Financial Solutions Group

New York National Bank

Michael J. Gilfeather, Executive Vice President

NYS Assembly, 79th District

Assemblyman Michael Benjamin

NYS Bankers Association

Karen L. Jannetty, VP Comm. and Community Affairs

Ridgewood Savings Bank

Walter Reese, Senior VP

Victory State Bank

Ralph Branca, President & CEO

Pratt Area Community Council (PACC)* Deb Howard, Executive Director

Buffalo Hearing (Monday, April 13)



Buffalo Urban League*

Brenda McDuffie, President & CEO

Empire Justice Center

Kevin Purcell, Attorney

Lyons National Bank

Robert Schick, President & CEO

Niagara's Choice Federal Credit Union

Al Frosolone, Manager & CEO

Savannah Bank

Joseph Vitale, Vice President

West Side & Black Rock NHS

Linda Chiarenza, Executive Director

Additional Submitted Testimonies



City of Syracuse

Paul Driscoll, Director of Housing

First Niagara Bank

Leisha Gordon, Vice President & CEO

Home HeadQuarters

Kerry Quaglia, Executive Director

Hudson River Community Credit Union

Sue Commanda, CEO

Marketview Heights Association

Francisco Rivera, Executive Director

Metropolitan National Bank
Michael Guarino, FVP, Operations Risk Management

Pioneer Savings Bank

John Scarchilli, President & CEO

Town of Elbridge

Ken Bush, Town Supervisor

Village of Green Island

Sean Ward, Executive Assistant to the Mayor

Village of Theresa

Timothy Tanner, Mayor

*Representative testified but did not submit testimonies to the Department.

Department of Financial Services


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