Old Kent Financial Corp. of Grand Rapids, Mich., has agreed with community activists on a complicated market-share formula for lending in low-income Chicago neighborhoods.

The three-year pact followed Old Kent's announcement in March that it would acquire $1.1 billion-asset Pinnacle Banc Group, which is headquartered in suburban Oak Brook, Ill.

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.