[Congressional Record Volume 140, Number 16 (Wednesday, February 23, 1994)]
[Extensions of Remarks]
[Page E]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 23, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                         TRIBUTE TO CAROL PARRY

                                 ______


                          HON. EDOLPHUS TOWNS

                              of new york

                    in the house of representatives

                      Wednesday, February 23, 1994

  Mr. TOWNS. Mr. Speaker, I am indeed pleased to recognize the sterling 
achievements of Carol Parry, managing director in charge of the 
community development group at Chemical Bank. Carol is responsible for 
all lending for low and moderate income multifamily housing; corporate 
contributions and community outreach; the Minority and Women Vendor 
Program, and Community Reinvestment Act compliance. Additionally, she 
also chairs the Chemical Bank Community Development Corp.
  Carol's career includes 25 years of management experience in the 
financial services industry. Ms. Parry has the distinction of being 
named the first woman senior vice president for the company. She was 
formerly the director of Manufacturers Hanover's regional banking 
group's business banking unit, responsible for the bank's tri-State 
area relationships with small- and mid-size businesses with annual 
sales generally in the $3 to $50 million range.
  Among her other notable accomplishments, she is the former chairwoman 
of the Brooklyn Navy Yard Board of Directors. The board is responsible 
for overseeing and setting policy for the center which houses 190 
businesses employing 3,000 people. The Navy Yard has been an economic 
lifeline in Brooklyn. Under Carol's stewardship, profits rose from 
$500,000 in 1991 to $1 million per year in 1993; revenue increased from 
$11 million to $13.7 million from 1991 to 1993; tenancies increased 
from 150 to 200; and occupancy rose from 90 to 95 percent. There can be 
no doubt that Ms. Parry's management and financial prowess was largely 
responsible for those improvements.
  Carol Parry is a graduate of Tufts University, and also has a M.S.W. 
degree from the University of Connecticut School of Social Work. I am 
immensely pleased to recognize this outstanding professional. She has 
demonstrated that she not only cares about the Brooklyn community, but 
has worked diligently to ensure its vitality.

                          ____________________