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Now-closed Republic bank engaged in mortgage redlining in South Jersey, a N.J. Attorney General investigation found

Republic did hardly any mortgage lending in communities that are majority Black, Hispanic, or Asian in N.J., but it did “significant lending” in majority-white neighborhoods, the AG's office said.

The Federal Deposit Insurance Corporation (FDIC) became the receiver for Philadelphia-based Republic First Bank after regulators closed it in April. The New Jersey Office of the Attorney General published a report Tuesday saying Republic engaged in mortgage redlining in South Jersey.
The Federal Deposit Insurance Corporation (FDIC) became the receiver for Philadelphia-based Republic First Bank after regulators closed it in April. The New Jersey Office of the Attorney General published a report Tuesday saying Republic engaged in mortgage redlining in South Jersey.Read moreManuel Balce Ceneta / AP