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DOJ announces $9 million agreement to resolve redlining allegations against Park National Bank

March 8, 2023

Via: JD Supra

Park National Bank (“Park National”), based in Ohio, has agreed to pay $9 million to settle allegations brought by the U.S. Department of Justice (DOJ) that it engaged in unlawful redlining practices in the Columbus metropolitan area by not providing mortgage lending services to majority-Black and Hispanic communities from 2015 to 2021.

According to the DOJ’s complaint filed with the U.S. District Court for the Southern District of Ohio, Park National concentrated all of its branches and mortgage lenders in majority-White neighborhoods and did not take any significant steps to make up for its absence in majority-Black and Hispanic communities.

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