Violation Tracker Individual Record
Company:
Union Savings Bank and Guardian Savings Bank
Current Parent Company:
Union Savings Bank
Penalty:
$9,000,000
Year:
2016
Date:
December 28, 2016
Offense Group:
consumer-protection-related offenses
Primary Offense:
discriminatory practices (non-employment)
Secondary Offense:
banking violation
Violation Description:
The Justice Department filed a consent order to resolve allegations that Union Savings Bank and Guardian Savings Bank engaged in a pattern or practice of redlining predominantly African-American neighborhoods in and around Cincinnati; Columbus, Ohio; Dayton, Ohio; and Indianapolis.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Civil Rights Division
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
Ohio
Ownership Structure of Parent:
privately held
Major Industry of Parent:
financial services
Specific Industry of Parent:
savings bank
Source of Data:
https://www.justice.gov/opa/pr/justice-department-reaches-settlement-ohio-based-banks-resolve-allegations-lending
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
