St. Louis Public Radio, October 26, 2021, Advocates See Red Flags as First Mid Seeks to Acquire Jefferson Bank & Trust
Members of the St. Louis Equal Housing and Community Reinvestment Alliance didn’t mince words when they publicly opposed First Mid Bank & Trust’s plans to purchase Jefferson Bank & Trust.
The alliance joined with the National Community Reinvestment Coalition and the Woodstock Institute in submitting comment letters to the Federal Reserve on Oct. 18. The community groups cited “patterns of lending to minority borrowers and communities at less than half of their peers” as well as “extremely low” numbers of Black applicants for First Mid mortgages.
