Evans Bancorp Inc. (NYSEMKT:EVBN) is accused by New York attorney general Eric T. Schneiderman of denying mortgages to African-Americans regardless of their credit.
However, the bank maintains that the allegations are without any merit.
Alleges redlining
In a lawsuit anticipated to be filed in the U.S. District Court of Western New York, the State Lawyer Common’s Workplace is suing Evans Bancorp, accusing Evans Bank’s parent enterprise of redlining on Buffalo’s East Side. The regional lender’s business in the Buffalo area dates to 1920.
In a statement, Schneiderman said: “Redlining is illegal, and it’s discriminatory...”.
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