Search results
Results from the WOW.Com Content Network
The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in "redlining" – a pattern of lending ...
Redlining is a discriminatory practice in which financial services are withheld from ... City National Bank of California agreed to pay $31,000,000 to resolve ...
New York City Wealth Management Office. The bank was founded in 1954 by Alfred S. Hart. [2] [5] [6] He hired Benjamin N. Maltz as the first chairman of the board. [5]Its offices were in Beverly Hills at 400 North Roxbury Drive [6] until 2004 when its headquarters were relocated to Arco Plaza (later City National Plaza) in Los Angeles.
Consistent with many jurisdictions throughout the country, the Federal Deposit Insurance Corporation ("FDIC"), based in part on a study conducted by the Federal Reserve Bank of Boston, issued a "Policy Statement On Discrimination In Lending" on April 29, 2004, emphasizing the breadth of prohibitions on discriminatory conduct in lending under ...
The government secures a $9 million settlement with Ameris Bank over alleged redlining in Florida. ... A $31 million settlement with Los Angeles-based City National in January was the largest ...
The Passaic County-based bank avoided opening branches or providing loans to majority Black and Latino neighborhoods, the Justice Department said. Lakeland Bank agrees to $13M settlement over ...
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
As you can see in the table above, City National's biggest strength is unquestionably its prudent management of credit risk. With a nonperforming loans ratio of 0.63%, the bank handily beats the ...