Tennessee Bank Agrees To Pay $1.9M To Resolve Justice Department’s Redlining Suit

(January 19, 2024, 2:17 PM EST) -- MEMPHIS, Tenn. — Patriot Bank has agreed to pay $1.9 million to resolve the U.S. Department of Justice’s allegations that it “engaged in a pattern or practice of unlawful redlining” by avoiding providing mortgages services to Memphis neighborhoods that are majority Black and Hispanic, according to a consent order filed in a federal court in Tennessee....