FNB’s 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities.
Source: Inman News
FNB of Pennsylvania to pay $13.5M to settle redlining allegations
Published in Banking & Lending, fair lending, First National Bank of Pennsylvania, FNB, lending discrimination, Mortgage, redlining and Regulations
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