Cadence Bancorp Paying $8.5 Million to Settle Redlining Allegations

American Banker, Aug. 30, 2021–Jon Prior (subscription)
Cadence Bancorp in Houston has agreed to pay a $3 million penalty and provide more than $4 million in loan subsidies to new borrowers to settle allegations of discrimination within its mortgage lending business.
https://www.americanbanker.com/news/cadence-bancorp-paying-8-5-million-to-settle-redlining-allegations