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BANK OF CALIFORNIA RESPONDS TO GREENLINING COALITION CHARGES

 SAN FRANCISCO, Dec. 6 /PRNewswire/ -- Following is the Bank of California's response to the Greenlining Coalition's press release (embargoed until Dec. 7, 1993) entitled, "California Banks Make Less Than One Purchase Loan Per Branch To Latinos and African-Americans":
 "Our historical and current focus is on business banking. However, in the third quarter of this year, we made a conscious decision to expand our focus to include low- to moderate-income residential lending as part of our overall loan strategy.
 "That decision served as the foundation for our 'Community Outreach Program,' which, to date, has generated nearly 200 home-loan applications, more than half of which have come from minority applicants. Some of these loans already have been funded, but the majority are still under consideration."
 -0- 12/6/93
 /CONTACT: John C. Kaufman of Bank of California, 415-765-2628/


CO: Bank of California ST: California IN: FIN SU:

TM -- SF014 -- 1026 12/06/93 19:18 EST
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Publication:PR Newswire
Date:Dec 6, 1993
Words:154
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