WASHINGTON - A Bronx-based community group has turned its Community Reinvestment Act spotlight on GreenPoint Financial Corp., threatening to derail the $7 billion-asset institution's acquisition of 60 branches from Home Savings of America.

Inner City Press/Community on the Move charged that the Flushing, N.Y.- based thrift lends only in the affluent, white sections of the Bronx, ignoring the low-income minority areas. It also said GreenPoint excludes the Bronx from its CRA delineation.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.