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Evans Bank on Thursday settled a lawsuit in which the state of New York accused the bank of racist practices, including denying loans to residents of predominantly black neighborhoods in Buffalo. The suit, filed in 2014 by New York Attorney General Eric Schneiderman, accused the Buffalo-based bank.
· The State Attorney General’s Office is suing Evans Bancorp, accusing Evans Bank’s parent company of redlining on Buffalo’s East Side.
New York’s attorney general said in a lawsuit filed Tuesday as part of a wider investigation into an illegal practice known as redlining. Evans Bank is accused in the federal civil complaint of.
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New York state’s attorney general on Tuesday accused regional bank Evans Bancorp of illegally discriminating against African-Americans in Buffalo by denying them mortgages.
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State Attorney General Eric T. Schneiderman filed suit last September against the Hamburg-based bank, accusing the bank of “redlining,” or deliberately avoiding doing business in certain Buffalo.
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New York Accuses Evans Bank of Redlining. The Compliance Exchange September 2, 2014 Uncategorized No Comments. Drawn in thick marker along the map of upstate New York, the line snaked down the Niagara River and zigzagged east to outline a swath of Buffalo and its surrounding neighborhoods..
A.G. Schneiderman Announces Redlining Lawsuit Alleging Bank Refused To Make Mortgages Available In Buffalo’s Predominantly African-American Neighborhoods Evans Bank’s Lending Area Map Includes Most Of Buffalo Metro Area; Excludes All African-American Neighborhoods On The City’s Eastside
(New York attorney general office) In May, the U.S. Department of Housing and urban development announced a $200 million settlement with Associated Bank over redlining in Chicago and Milwaukee.
New York’s Evans Bank accused of denying loans to African-Americans. The lawsuit accuses Evans Bank of using redlining practices in violation of the Fair Housing Act, a federal law, since at least 2009. It calls for a jury trial, and for the court to order the bank to change its practices and pay a fine.
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"We believe that the allegations being made by the New York State attorney general are unfounded and without substance, and we will vigorously defend this complaint through the legal system," David J. Nasca, president and chief executive of Evans Bank, said in a statement, adding that he was "disappointed" to learn about the pending action.