Oklahoma bank and the Justice Department propose settlement of redlining allegations around Tulsa

The U.S. Department of Justice and a northeastern Oklahoma bank have announced a proposed agreement to settle claims that the bank discriminated in lending to Blacks and Hispanics in the Tulsa area. Collinsville-based American Bank of Oklahoma used the illegal practice known as redlining in majority-Black and Hispanic neighborhoods in the Tulsa area, including the area of the 1921 Tulsa Race Massacre, according to the Justice Department. The proposed consent agreement filed in federal court in Tulsa on Monday is pending court approval and calls for ABOK to provide $1.15 million in credit opportunities in neighborhoods of color in the Tulsa area.