Liberty Bank has agreed to infuse $10 million into a mortgage program for low- and moderate-income communities as part of a settlement to resolve claims in a federal lawsuit alleging it engaged in systematic racial discrimination.

As part of the settlement announced Monday between the Connecticut-based bank, the National Consumer Law Center and the Connecticut Fair Housing Center, the bank also agreed to put $5 million into its community development loan program; to set aside $300,000 to promote homeownership in neighborhoods where it can be hard to get a mortgage; and to support an initiative making available $200,000 in grants for qualified organizations in low- and moderate-income communities. The bank also agreed to follow all fair housing laws and to train all mortgage lender personnel.

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