Black farmers object to bank merger -Wachovia Bad for Blacks
Tuesday, June 22, 2004 at 09:40PM
TheSpook
The National Black Farmers Association filed a
complaint yesterday with the Federal Reserve Bank, objecting to the
proposed merger of Wachovia Corp. and SouthTrust Corp. "Wachovia has
done a poor job of lending dollars to African-American farmers," said
John Boyd Jr., president of the Virginia-based organization. He said
the association has 80,000 members nationwide. [more]
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