Looks like the spotlight is being shined on Bryant Jr's bank.
"As might be expected, Bryant has a significant presence in Tuscaloosa. According to the FDIC, Bryant had about $460 million (note: I had written $460,000, which was a typo that would have understated their size and inferentially their ability to serve the community) in deposits on account in Tuscaloosa County, second only to Regions Bank. Regions held approximately $670 million in deposits at Tuscaloosa branches at the end of June 2014. Synovus was third, with a shade less than $391 million in Tuscaloosa deposits.
Bryant made no loans in this segment to African-Americans (home purchases or refinance) in Tuscaloosa in 2013. In 2012, they made one of these loans, a refinance on a single-family residential home for
$18,000 to a borrower with $124,000 in income. The loan was registered as a
"high-cost" loan, because it bore an interest rate that was 3.8 percentage points above a comparably-termed Treasury. If I had to estimate the actual rate, based upon a review of 10-year rates during that time, the interest rate was probably 5 3/4 percent."
Looks like the lending of Bryant Bank is just as diverse as the Board.
My bad I thought I posted the link.
http://banktalk.org/content/color-money-...tides-bank
/
The Color of Money Runs White at the Crimson Tide's Bank
