In this MSA, SouthTrust Bank refused fifty% of such application is acquired away from African Us citizens
Throughout the Charlotte, NC MSA in the 2002, to own conventional home get fund, Wachovia refuted the new apps out-of Latinos 4.5 times more frequently than whites, and you may refused the apps from African People in america 2.25 minutes more frequently than whites. This type of highest assertion price disparities aren’t told me by one deeper-than-normal outreach in order to African People in america or Latinos. During the 2002 within MSA, Wachovia generated 1292 conventional family get loans so you can whites, simply 120 to African Us citizens, and simply 34 to help you Latinos. To your checklist, the fresh aggregate business inside MSA inside 2002 made 2615 instance finance in order to African Us americans, 697 in order to Latinos, and you will 20,604 so you’re able to whites. For these three groups, the aggregate generated ten.9% of its financing in order to African Us citizens, and you will 2.9% in order to Latinos. To have Wachovia, new rates was basically down across-the-board. [Meanwhile, SouthTrust Financial getting such as for example loans within this MSA rejected 30 regarding the fresh thirty-five software it received regarding African Us citizens.]
Regarding the Jacksonville, Florida MSA (where so it recommended merger try presumptively anticompetitive) when you look at the 2002, to have conventional home buy money, Wachovia denied brand new software out-of African People in the us 2.6 moments more often than whites. This high assertion price disparity isn’t told me of the any greater-than-regular outreach so you’re able to African Us citizens, or Latinos. From inside the 2002 within this MSA, Wachovia generated 567 antique house pick loans so you’re able to whites, merely twenty four in order to African Americans, and simply fourteen so you’re able to Latinos. For these around three teams, new aggregate made 8.9% of their fund so you’re able to African People in the us, and you will step 3.1% so you’re able to Latinos. For Wachovia, the fresh rates was basically dramatically reduced: simply 4.0% out-of money so you can African People in america, and you may dos.3% to help you Latinos. [At the same time, SouthTrust Financial within MSA generated 39 such as financing to help you whites, and nothing in order to African Us americans or Latinos.]
In the Columbus, Georgia MSA into the 2002, to own antique domestic buy money, Wachovia denied the latest programs out-of African Us citizens dos.96 times more often than whites (if you find yourself denying one hundred% from apps of Latinos). This type of disparities aren’t explained because of the people higher-than-regular outreach to help you African People in america otherwise Latinos. Into the 2002 inside MSA, Wachovia produced 49 conventional family buy finance to whites, only five so you’re able to African Us citizens, and none so you’re able to Latinos. With the listing, new aggregate industry within this MSA inside 2002 generated 273 instance financing so you can African Americans, thirty two so you can Latinos, and you may 1529 so you’re able to whites. Of these about three teams, the newest aggregate produced fourteen.9% of its financing to African Americans, and 1.7% so you can Latinos. To possess Wachovia, brand new numbers have been much lower: just nine.3% away from funds in order to African Us citizens, and you will no per cent so you’re able to Latinos. [At the same time, SouthTrust Bank getting such as money contained in this MSA refused 10 out-of this new eleven apps they received away from African People in the us.]
Into the number, the latest aggregate globe within MSA within the 2002 produced eleven,902 such as loans to help you African Us americans, 6894 to help you Latinos, and you can 64,826 so you’re able to whites
Regarding Raleigh-Durham NC MSA in the 2002, to have traditional household buy loans, Wachovia refused the newest software from Latinos a whopping 5.forty-two minutes more often than whites. Meanwhile, following methodology established more than, a lower life expectancy part of Wachovia’s financing were to Latinos than simply are correct to the aggregate. [At the same time, SouthTrust Lender having such as loans inside MSA refuted 11 of the new 15 programs they received away from African Us citizens.]
On the record, new aggregate globe contained in this MSA into the 2002 made 1388 particularly money so you’re able to African Us americans, 488 so you’re able to Latinos, and you may thirteen,794 so you can whites
Regarding the Norfolk, Virginia MSA in the 2002, getting conventional domestic buy fund, Wachovia rejected the brand new software out of African People in the us step three.72 moments more often than whites.
For the avenues where Wachovia made previous purchases otherwise expansions-by-branching, Wachovia’s checklist is even even worse. Including in the Washington DC MSA from inside the 2002, having conventional family pick loans, Wachovia refuted the latest programs from Latinos an astonishing cuatro.nine times more frequently than whites, and you will refuted the new programs of African People in america dos.83 moments more frequently than whites. This type of higher assertion rates disparities aren’t informed me of the any deeper-than-typical outreach to help you African People in america or Latinos. Into the 2002 inside MSA, Wachovia produced 1224 old-fashioned house pick funds so you’re able to whites, merely 177 to African Us americans, and just 76 to Latinos. For these three communities, this new aggregate made 14.2% of the fund to help you African People in the us, and you will 8.2% to help you Latinos. To have Wachovia, the rates was indeed straight down across the board: 12% so you can African People in america, and just 5.1% to Latinos.