[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 394 Introduced in House (IH)]






108th CONGRESS
  2d Session
H. CON. RES. 394

Recognizing the 100th anniversary of Citizens Bank, the Nation's oldest 
   continuously operating minority-owned bank, and honoring the many 
          contributions of the Nation's minority-owned banks.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 23, 2004

   Mr. Cooper (for himself, Mr. Ford, Ms. Jackson-Lee of Texas, Ms. 
Kilpatrick, Ms. Waters, Mr. Jefferson, Mr. Lewis of Georgia, Mr. Wynn, 
  Mr. Towns, Mr. Meeks of New York, Mr. Ross, Mr. Payne, Ms. Corrine 
  Brown of Florida, Mrs. Napolitano, Mr. Gutierrez, Mr. Hinojosa, Mr. 
  Ortiz, Mr. Serrano, Mr. Rodriguez, Mr. Acevedo-Vila, Mr. Baca, Mr. 
Cardoza, Mr. Gonzalez, Mr. Becerra, Mr. Grijalva, Mr. Reyes, Ms. Linda 
T. Sanchez of California, Ms. Loretta Sanchez of California, Ms. Solis, 
 Ms. Velazquez, Mr. Taylor of North Carolina, Ms. Ginny Brown-Waite of 
Florida, and Mr. Cardin) submitted the following concurrent resolution; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
Recognizing the 100th anniversary of Citizens Bank, the Nation's oldest 
   continuously operating minority-owned bank, and honoring the many 
          contributions of the Nation's minority-owned banks.

Whereas the Nation's minority-owned banks have played a vital historic role in 
        the economic development and revitalization of minority communities 
        across the Nation, by providing a critical source of entrepreneurial 
        capital and economic opportunity for generations of minority families 
        and small businesses;
Whereas minority-owned banks continue to excel in their mission of providing 
        financial services to minority businesses and individuals, with total 
        assets in excess of $48,000,000,000 and more than 3,000,000 depositors 
        nationwide, and the largest minority-owned bank in the United States 
        being the International Bank of Commerce in Laredo, Texas, which has 
        more than $6,700,000,000 in assets;
Whereas the Nation's oldest continuously operating minority-owned bank, founded 
        in 1904 in Nashville, Tennessee, as the One Cent Savings Bank and now 
        known as Citizens Savings Bank & Trust, is celebrating its 100th 
        anniversary this year;
Whereas Citizens Bank stands as a model institution that exemplifies the many 
        contributions that minority-owned banks have made over the years to the 
        economic well-being of their communities; and
Whereas Citizens Bank has fulfilled this role by providing educational programs 
        and financing to individuals, entrepreneurs, civic, and social groups, 
        public schools, and universities, by providing financial resources to 
        African-American churches and their congregations to enable the 
        construction and operation of day care centers, assisted living 
        facilities, and other community service facilities vital to the social 
        and economic well-being of Nashville's residents, and by providing home-
        buying and consumer education seminars to empower families in their 
        efforts to build wealth: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That the Congress--
            (1) congratulates the Citizens Savings Bank & Trust of 
        Nashville, Tennessee, on the occasion of the 100th anniversary 
        of the bank, for its dedication and service to the people of 
        Tennessee;
            (2) recognizes the vital role the Nation's minority-owned 
        banks have played in providing financial services and resources 
        to minority individuals and businesses, particularly in 
        communities that have been underserved by other institutions; 
        and
            (3) honors the Nation's minority-owned banks for their 
        historic and continuing contributions to the economic and 
        social well-being of the communities they serve.
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