General World News

Park National Bank to pay $9M to settle redlining allegations

Ohio-headquartered Park National Bank will pay $9 million under a settlement with the U.S. Department of Justice (DOJ) to resolve allegations that it discriminated against Black and Hispanic neighborhoods in the Columbus area.

The complaint, filed in federal court in the U.S. District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021.

Redlining is an illegal practice in which lenders avoid providing credit services to individuals living in communities of color because of the race, color details ⇒

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