As FS Bancorp Tries Buy Pacific West Bank in Oregon Fair Finance Watch Challenges to FRB

As FS Bancorp Tries Buy Pacific West Bank in Oregon Fair Finance Watch Challenges to FRB by Matthew Russell Lee, Patreon Book Substack SOUTH BRONX/SDNY, May 29 – FS Bancorp proposes to expand in Oregon by buying Pacific West Bank there.   Fair Finance Watch, after the Federal Reserve refused to act to ensure public access to Home Mortgage Disclosure Act data,  has commented to the Fed on the 2024 HMDA data of FS Bancorp:    This is early opposition to the application of FS Bancorp, Inc., to acquire Pacific West Bancorp, and Pacific West Bank.      In Washington State in 2024, FS Bancorp's 1st Security Bank of Washington made 929 loans to whites, with only 59 denials- versus only NINETEEN to African Americans, while denying one.     Evidentiary hearings are needed on this application. There are consumer complaints, but the FRB has declared that even CFPB database complaints, no matter the volume, are not "substantive." We disagree - and ask for a hearing on these issues as well. Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com SDNY Press Room 500 Pearl Street, NY NY 10007 USA Mail: Box 130222, Chinatown Station, NY NY 10013 Reporter's mobile (and weekends): 718-716-3540 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2025 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com