The Bank of River Oaks - Nationwide Branches

Gladys House | Feb 7, 2016

The Bank of River Oaks does not reinvest in the disadvantaged neighborhood of historic Freedman's Town/Fourth Ward, Houston, Texas, that is located only less than three miles east of the said bank. Year after year The Bank of River Oaks merely says it just will not meet or fund any of the youth center projects presented by the nonprofit. In 2015 during the early Spring, a group of Moors representing various neighborhoods in Houston, Texas paid a surprise visit to the said bank, and while the president of the said bank eased out and allowed his executive vice president meet with us, she pretended to be clueless as to why our proposals year after year denied but encouraged re-submittal. Rejection came so swiftly after the re-submittal that we phoned her. Research later disclosed why regulators have not sanctioned the said bank for non-compliance with the CRA: a racket that allows banks to be a member in return for CRA credit that really does not reinvest in disadvantaged neighborhoods but major corporations with bankers and regulators as its board. Serious conflict of interest. Why isn't the national media on this?