July 14, 2004

Bank settles U.S. lawsuit that alleged redlining

July 14, 2004/ Tron Nick

First American Bank Corp. will open four new branches in Chicago area minority neighborhoods and offer discounted loans to minorities to resolve a discrimination lawsuit claiming the bank only did business in white neighborhoods. The settlement, announced Tuesday by the Justice Department and the U.S. Attorney's office in Chicago, resolves a civil-rights lawsuit filed by the federal government that claimed that First American purposely did not locate any of its 34 branch offices in minority areas. [more]

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Bank settles U.S. lawsuit that alleged redlining

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