A map of the West Dayton "banking desert." Regulators, bankers and community members met Monday to talk about filling the gap left by the shuttering of the Westown PNC branch.
Credit WYSO/Lewis Wallace
Federal regulators held a public meeting Monday to talk about banking services in West Dayton. The closing of the Westown PNC branch this summer has turned a large part of West Dayton into a “banking desert”; from the former site of the bank, there are no bank branches within a two-mile radius.
At the crowded meeting, David Greer with the Northwest Priority Board called the departure of banks from the neighborhood “redlining.”
“It is a form of discrimination, and this is something that we as a people have fought long and hard for decades against,” he said.
Ellen Belcher, who's filling in for Emily McCord, interviews Attorney General Mike DeWine about the $75 million he's awarding to counties in Ohio to tear down the tens of thousands of homes that have been foreclosed on and abandoned.
Montgomery County is eligible for $4 million; Greene County could get $700,000 and Clark County could take in $1 million.
Regional banking company Fifth Third Bancorp says its second-quarter earnings more than doubled as credit trends continued to improve.
The Cincinnati-based company reports net income of $328 million for April, May and June. That compares with earnings of $130 million in the same period a year ago. Some analysts expect earnings-per-share of 28 cents.
Fifth Third says it saw growth in mortgage banking, credit card and corporate banking revenue. They operate more than 1,300 banking centers in 12 states.