Evans Bancorp Accused Of Violating Fair Housing Act

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Mani
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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…”.   Redlining refers to businesses deliberately avoiding…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports