On Charlotte, NC MSA into the 2002, to possess conventional household buy money, Wachovia rejected the fresh programs away from Latinos cuatro.five times more often than whites, and you will denied the fresh applications from African People in the us 2.25 moments more often than whites. These types of highest assertion speed disparities commonly said from the one greater-than-regular outreach so you can African People in america otherwise Latinos. For the 2002 in this MSA, Wachovia produced 1292 conventional household buy money to whites, only 120 so you’re able to African Us citizens, and simply 34 so you’re able to Latinos. Towards the record, the brand new aggregate business within this MSA within the 2002 produced 2615 such finance to African People in the us, 697 in order to Latinos, and you may 20,604 in order to whites. For these about three groups, the latest aggregate generated ten.9% of their funds to African People in the us, and 2.9% to Latinos. To own Wachovia, the new data was indeed down across-the-board. [At the same time, SouthTrust Financial to own such as for example fund in this MSA denied 31 away from the fresh thirty-five software it acquired of African Us citizens.]

About Jacksonville, Fl MSA (where so it proposed merger is actually presumptively anticompetitive) within the 2002, to own traditional household get funds, Wachovia denied the brand new applications away from African Us citizens 2.six minutes more frequently than whites. So it highest denial speed disparity isn’t explained from the any better-than-normal outreach so you’re able to African Americans, or Latinos. When you look at the 2002 inside MSA, Wachovia produced 567 old-fashioned house get finance to whites, just 24 to African People in the us, and only fourteen to help you Latinos. Of these around three communities, the fresh new aggregate generated 8.9% of their loans in order to African Us citizens, and you will step 3.1% in order to Latinos. Getting Wachovia, brand new rates was far lower: only cuatro.0% away from money so you can African Us citizens, and dos.3% to help you Latinos. [Meanwhile, SouthTrust Financial contained in this MSA generated 39 such as for instance loans to help you whites, and you can none so you can African People in america or Latinos.]

In the Columbus, Georgia MSA during the 2002, to have conventional domestic get money, Wachovia refuted the brand new applications regarding African People in america dos.96 times more often than whites (while doubting 100% out-of apps out of Latinos). These disparities aren’t told me of the people deeper-than-normal outreach to African Us americans otherwise Latinos. Inside 2002 in this MSA, Wachovia produced 44 traditional family get finance so you’re able to whites, merely four to African Us citizens, and nothing to Latinos. To the record, the aggregate globe inside MSA inside the 2002 made 273 including funds so you’re able to African Americans, thirty two so you can Latinos, and 1529 to whites. Of these about three communities, the fresh aggregate made 14.9% of the financing to African People in america, and you will 1.7% in order to Latinos. To own Wachovia, the new figures were reduced: merely nine.3% away from financing in order to African Us americans, and you can zero % so you’re able to Latinos. [At the same time, SouthTrust Bank to own eg Kentucky auto title loans finance in this MSA refuted ten regarding the latest 11 applications it gotten off African Us americans.]

Towards listing, the latest aggregate industry inside MSA in the 2002 generated 11,902 instance fund so you can African Americans, 6894 in order to Latinos, and 64,826 to whites

In the Raleigh-Durham NC MSA when you look at the 2002, to have conventional household get financing, Wachovia refuted this new programs out of Latinos a whopping 5.44 minutes more often than whites. At the same time, adopting the methods established a lot more than, a lower life expectancy part of Wachovia’s fund was to Latinos than simply is actually genuine on the aggregate. [At the same time, SouthTrust Financial getting including finance within this MSA rejected eleven out of this new fifteen applications it gotten out-of African Americans.]

Into record, the newest aggregate world within MSA in 2002 made 1388 for example finance to African People in america, 488 so you’re able to Latinos, and you may thirteen,794 so you can whites

On Norfolk, Virginia MSA when you look at the 2002, to have old-fashioned house get money, Wachovia denied the fresh applications regarding African Us citizens step 3.72 times more often than whites.

During the segments where Wachovia has made past purchases or expansions-by-branching, Wachovia’s number is additionally worse. Such as for instance on Washington DC MSA in 2002, getting traditional home purchase money, Wachovia refuted the fresh software from Latinos an astonishing cuatro.9 minutes more frequently than whites, and declined the brand new apps out-of African People in the us 2.83 minutes more often than whites. These types of higher denial price disparities aren’t explained of the people greater-than-normal outreach to help you African People in america otherwise Latinos. Inside the 2002 in this MSA, Wachovia generated 1224 traditional domestic get fund so you can whites, simply 177 to help you African People in the us, and only 76 so you’re able to Latinos. For these about three teams, new aggregate produced fourteen.2% of its finance so you’re able to African Americans, and you can 8.2% to Latinos. To have Wachovia, the fresh new rates were lower across-the-board: 12% to help you African Us citizens, and simply 5.1% to help you Latinos.

Jamw Hawk