WASHINGTON - First Union Corp. said it suing to stop the District of Columbia Council from blocking its planned merger of Dominion Bank of Washington and First American Bank.
First Union said Wednesday that U.S. District Judge Joyce Hens Green approved the merger and ordered the deal completed s scheduled on June 23, but the local government has been resisting.
On Thursday, the company unveiled a $150 million community investment plan - up from a previously announced $100 million - for the district's low- and moderate-income residents and small businesses. The plan includes a promise to locate at least two bank branches in poor city areas.
