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First Merchants: First Merchants Bank opens a new Ohio banking center focused on positively impacting the local community

First Merchants, April 19, 2022, First Merchants Bank opens a new Ohio banking center focused on positively impacting the local community

They have partnered with the National Community Reinvestment Coalition (NCRC) through a five-year commitment to invest $1.4 billion in their communities including new branch access, down payment assistance programs and more. The bank is expanding access to their services by adding new banking centers or loan production offices in Marion County (IN), Lake County (IN), Franklin County (OH), and Wayne County (MI). This is the third addition in that commitment, having previously opened a banking center in the Avondale Meadows community of Indianapolis and a loan production office in Indianapolis.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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