Hawaii group files suit against FleetBoston-Bank of America merger


Pacific Business News reports: "A federal lawsuit filed Friday on behalf of Native Hawaiians seeks to block the multibillion-dollar merger between FleetBoston Financial Corp. and Bank of America until $180 million in lending commitments are met. The suit wants the Federal Reserve Board to compel Bank of America to come through on the loans, which were ordered in 1994 and 1998 under a federal act that aims to help Hawaiians own their homes. The Hawaii Fair Lending Coalition says the commitments have not been upheld."


Posted: Fri - February 6, 2004 at 05:39 PM    
   
 
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Published On: Dec 27, 2005 10:14 PM
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