Domestic Bank Makes Amends with Charity

Since we covered the story of Domestic Bank’s problems with lending and mortgage-practice violations, it seems only fitting to also give coverage to the settlement for their wrongdoing. Domestic Bank will pay one million dollars in charitable contributions to support “financial literacy,” with money going to organizations as diverse as the Episcopal Charities of Rhode Island and Progreso Latino. More on the story is here at the Projo.

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2 responses

  1. Let’s hope Nat Baker’s influence is forever gone from this company. Frankly, he and his bank brought nothing to the surrounding neighbors but contempt and misery.

    Dean Holt is a good man. He was my boss many years ago when he was the CEO of Fleet Bank-NH. I’m confident he means ……..“It’s more than just fulfilling an OTS obligation,â€? new CEO Dean T. Holt said yesterday. “I think it’s a great opportunity for this bank to work with the community we bank.â€?

    Baker’s sons are another story. Time will tell whether they’ve had a change of heart and have become concerned about the community they serve.

  2. Tom, I did think of you when I read the article this morning:)

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