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DOJ announces $9 million agreement to resolve redlining allegations against Park National Bank

CFPB Monitor

Department of Justice (DOJ) that it engaged in unlawful redlining practices in the Columbus metropolitan area by not providing mortgage lending services to majority-Black and Hispanic communities from 2015 to 2021. . Continue Reading

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Credit union membership, lending up in Q2

Abrigo

Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. Total lending at federally-insured credit unions reached $745.2 Auto lending has been an area of growth for credit unions over the last several quarters. billion, up 3.9

Lending 150
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Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

billion bank from Columbus, OH are very valuable. Entered Indianapolis on 5/2021, a top 2 Midwest market with Columbus, another market $CFBK is in. In 2018, started its LIHTC lending line. But the pursuit of shareholder value need not be a zero-sum game, if executed correctly. i.e. not at the expense of stakeholders. CFBK) a $2.1

Columbus 112
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Synovus sells $373M in auto loans as balance sheet reduction continues

American Banker

The Columbus, Georgia-based company has said it's "proactively optimizing the balance sheet" to position itself for long-term growth. The deal with private equity firm KKR follows an earlier announced sale of $1.3 billion in medical office loans.

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Huntington unveils new expansion push into Texas

American Banker

The Columbus, Ohio, regional bank will focus first on Dallas before venturing statewide. Its move into the Lone Star State comes three months after announcing a similar initiative in the Carolinas.

Texas 36
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Huntington Unveils Jobs and Lending Plan for Its Hometown

American Banker

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

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Huntington Unveils Jobs and Lending Plan for Its Hometown

American Banker

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.