The unofficial online home for fans of the UAB Blazers. Part of Collegiate Sports Nation (CSN).

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

What a surprise. Interesting statistics.

What article is that from? Post a link.

(04-14-2015 02:32 PM)The Answer UAB Wrote:  What article is that from? Post a link.

http://banktalk.org/content/color-money-...tides-bank

Can someone else post the link, in case three times doesn't take?

Isn't that kind of loan discrimination a violation of federal Law? I don't know; I'm just asking.

(04-14-2015 10:56 PM)CajunBlazer Wrote:  Isn't that kind of loan discrimination a violation of federal Law? I don't know; I'm just asking.

If they investigate and establish a pattern, then yes

(04-14-2015 11:55 PM)biglizard Wrote:  

(04-14-2015 10:56 PM)CajunBlazer Wrote:  Isn't that kind of loan discrimination a violation of federal Law? I don't know; I'm just asking.

If they investigate and establish a pattern, then yes

CRA (Community Reinvestment Act) compliance was last rated for Bryant Bank in July, 2014. CRA has to do with loan availability to lower income areas. Ratings are O = outstanding, S = satisfactory, NI = needs improvement, and Unsatisfactory. Most banks get an S. Bryant Bank got an S. Some things are genuine issues. Some aren't.

It's only a crime if someone who isn't paid off investigates it.

Being sent to fair housing at HUD tomorrow

(04-15-2015 06:56 PM)linus Wrote:  Being sent to fair housing at HUD tomorrow

Awesome.

(04-14-2015 02:18 PM)nicknitro19 Wrote:  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

This.

And how much of that sorority money went to sororities where African Americans are members?

And what is the Machine doing to the new UAT SGA president (he's African American - and the Machine is treating him very shabbily)..

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