Ithaca, NY Bank Won’t Grant Mortgage on Land with Drilling Lease

New York landowners who are pro-drilling may want to consider whether or not to continue doing business with Tompkins Financial Corporation, a bank/wealth management/insurance firm based in Ithaca, NY. Why? They refuse to give a mortgage on any property under lease with a drilling company. They’re attempting to blame federal guidelines from Fannie Mae as their excuse. Sorry Charlie, that doesn’t fly. It’s anti-drilling prejudice plain and simple.

Two other banks you may want to reconsider doing business with: Spain’s Santander Bank and State Employees’ Credit Union in Raleigh, N.C. Same reason…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.