- Associated Press - Thursday, September 10, 2015

ALBANY, N.Y. (AP) - New York’s attorney general has settled a federal lawsuit with a bank accused of avoiding mortgages for black residents in Buffalo.

Attorney General Eric Schneiderman says Evans Bank settlement comes in a wider investigation into the illegal practice known as redlining.

It requires Evans continue to keep all Erie and Niagara counties in its designated trade area, something it did after the suit was filed last year.

It also requires Evans establish an $825,000 fund to promote lending in previously excluded areas.

Evans Bank, headquartered in suburban Hamburg, has 14 branches in western New York.

Bank President David Nasca said the lawsuit was based on “unsubstantiated information” but the bank felt the settlement was in the best interests of the community and its shareholders.

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