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Oklahoma bank and the Justice Department propose settlement of redlining allegations around Tulsa

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The U.S. Department of Justice and an Oklahoma bank have announced a proposed agreement to settle claims that the bank discriminated in lending to Blacks and Hispanics.

“Remedial provisions in the agreement will open up opportunities for building generational wealth while focusing on neighborhoods that bear the scars of the Tulsa Race Massacre,” Clarke said.

Bank chief executive Joe Landon said in a statement that ABOK, with branches in Collinsville, Ramona, Muskogee, Disney and Skiatook, is a small community bank with $383 million in assets and lamented that the Justice Department referenced the 1921 Race Massacre. Landon said the bank will expand its deposit and lending products and add mortgage and refinancing options in Tulsa and open a new loan production office in a historically Black area of the city.

 

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