![]() “Old National strongly and categorically denies the claims of the Fair Housing Center of Central Indiana regarding some of our lending practices,” the bank said in a written statement. The financial institution rejected FHCCI’s allegations. Old National is the largest Indiana-based bank, with more than $ 23 billion in assets. ![]() “Old National’s peer lenders have done a much better job of meeting the credit needs of Black residents. “During the period under review, Old National Bank has been one of the worst performers in providing mortgages to black home seekers in central Indiana,” said Amy Nelson, executive director of FHCCI, in a press release. District Court for the Southern District of Indiana. “Old National deliberately seeks to limit its residential lending business to predominantly white areas and customers, and maintains policies and practices that effectively do so.”ĭescribing the bank’s conduct as a red line, FHCCI says Evansville-based Old National is in violation of federal fair housing law. “Old National structured its business to avoid giving access to mortgage credit to black residents and Indianapolis area neighborhoods and to discourage black residents from applying for mortgage credit,” says FHCCI in its lawsuit. According to the complaint, officials at private meetings did not deny the allegations of discriminatory lending practices. ![]() The Fair Housing Center of Central Indiana, or FHCCI, filed a lawsuit Thursday after a years-long investigation into the financial institution and meeting with bank officials. INDIANAPOLIS – Indiana-based Old National Bank has been charged in a federal lawsuit of redlining in the Indianapolis area by offering a disproportionate number of mortgages to black borrowers, closing branches in predominantly black neighborhoods and giving black people less information during the mortgage application process. ![]()
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