Senate Standing Committee on Banks Chair: Senator Joseph A. Griffo Public Hearing: To inform and educate consumers to expedite the release of any remaining insurance funds from Superstorm Sandy that are being held by banks and mortgage servicers and have not yet been sent to homeowners. Place: Van Buren Hearing Room A, Legislative Office Building, 2nd Floor, Albany, New York Time: 1:00 P.M. Contact: Dwight Evans (518) 455-3334 Media Contact: Senate Press Office (518) 455-2264 ORAL TESTIMONY BY INVITATION ONLY
Legislative Office Building
181 State Street,
2nd Flr. Van Buren Hearing Room A
Posted by Jude Seymour on Tuesday, November 19th, 2013
Community banks can now accept millions more in state deposits - and make additional funds available for local loans - after a bill sponsored by Sen. Joseph A. Griffo and Assemblyman William Magee was signed into law Thursday.The bill (S.2494/A.3236) permits the state comptroller and state Taxation & Finance commissioner to deposit up to $20 million in state funds at each community bank. The previous limit was $10 million.