Evans Bank settles with New York over redlining

The State of New York announced Thursday that it reached a settlement with Evans Bank (EVBN) over allegations of unlawful discriminatory mortgage practices, also called redlining.

New York sued Evans Bank last year, accusing the bank of “systematically” denying its mortgages and services to African-Americans in the Buffalo metro area.

According to the lawsuit, Evans Bank allegedly created a map of its lending area, which included most of the city of Buffalo, but excluded the predominately African-American neighborhoods on Buffalo’s East Side.

Read on.

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