Luther Burbank Savings in Santa Rosa, Calif., has agreed to invest $2 million in low-income communities to settle a Justice Department lawsuit alleging it discriminated against minorities.

The Department of Justice said Wednesday that Luther Burbank set a $400,000 minimum loan amount for jumbo mortgages that resulted in too few home loans made to black and Hispanic borrowers from 2006 to mid-2011. The Justice Department alleges the thrift's policy had a "disparate impact" based on race and nationality.

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