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West Siders to meet with U.S. Bank

A town hall meeting on community banking with representatives of U.S. Bank has been called tonight by an activist group that is monitoring the bank’s takeover last year of Oak Park-based Park National Bank.

The Coalition to Save Community Banking is sponsoring the town hall at 6:30 p.m. tonight (Tuesday, June 8 ) at Hope Community Church, 5900 W. Iowa.

The coalition is looking for answers to its call for stepped-up foreclosure prevention and community investment efforts by U.S. bank, said Jackie Leavy.

As Newstips reported in May, the coalition has raised concerns about elimination of community development staff on the West Side and western suburbs since the PNB takeover, and has been pressing for funding for foreclosure counseling and a community stabilization fund.

With nearly 2,000 foreclosure filings in Chicago last year, U.S. Bank ranked third among financial institutions for filings in the area; in the first four months of this year, the bank filed or completed 1,000 foreclosures.

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Category: Austin, banks & credit, foreclosures, Oak Park

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