Ohio Bank Paying $9M To Settle Redlining Complaint
National Mortgage Professional, Mar. 7, 2023–Keith Griffin
In the settlement, the DOJ said PNB, headquartered in Newark, Ohio, relied on its branch network, mortgage lenders concentrated in majority-white neighborhoods, and internal referrals to originate home loans in the Columbus lending area. Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white.