NEW YORK (AP) — First National Bank of Pennsylvania discriminated against Black and Latino homebuyers in North Carolina for a period of at least four years, the Justice Department said Monday, the latest in a long list of banks who have been caught redlining.
In its complaint, the DOJ alleges that First National closed branches in majority-minority neighborhoods, failed to provide mortgage services to Black and Latino potential borrowers, and ignored entire neighborhoods for potential lending.
The case comes from when FNB bought Yadkin Bank, a regional bank in the Carolinas, in 2017.
“The playing field isn’t level, and that is not what we want for the people of North Carolina,” said Josh Stein, North Carolina's Attorney General.
The DOJ brought the largest redlining lawsuit in history in 2023 against Los Angeles-based City National Bank, which was also found to have discriminated against Black and Latino communities over a similar time period, from 2017 to 2020.
Persons:
redlining, FNB, ”, Josh Stein, Biden, General Merrick Garland
Organizations:
National Bank of Pennsylvania, Justice Department, The Justice Department, Black, DOJ, National, FNB, Yadkin Bank, Biden Administration, Los, National Bank
Locations:
North Carolina, Charlotte, Winston, Salem, Black, Carolinas, Yadkin, North, Los Angeles