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Violation Tracker Individual Record

Company: Lakeland Bank
Penalty: $13,150,000
Year: 2022
Date: September 28, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: The Justice Department announced an agreement to resolve allegations that Lakeland Bank engaged in a pattern or practice of lending discrimination by redlining in the Newark metropolitan area, including neighborhoods in Essex, Somerset and Union counties in New Jersey. Lakeland agreed to invest at least $12 million in a loan subsidy fund for residents of Black and Hispanic neighborhoods in the Newark area; $750,000 for advertising, outreach and consumer education; and $400,000 for development of community partnerships to provide services that increase access to residential mortgage credit.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
Facility State: New Jersey
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.