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Violation Tracker Individual Record

Company: Cadence Bank N.A.
Current Parent Company: Cadence Bank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $5,545,000
Year: 2021
Date: August 30, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Violation Description: The department's Civil Rights Division and the U.S. Attorney's Office for the Northern District of Georgia announced an agreement to resolve allegations that Cadence Bank, headquartered in Atlanta, engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in the Houston metro area. Under the department's settlement, Cadence agreed to invest over $5.5 million to increase credit opportunities for residents of those neighborhoods.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
Facility State: Texas
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.