Hudson Bank, based in New Jersey, was a regional bank with operations in Connecticut, New Jersey, and New York. The suit, settled by Consent Order on November 4 , resulted in the largest residential mortgage redlining settlement in history which included a civil penalty of $ 5,500,000 in addition to requirements that Hudson Bank invest $ 25 million in a loan subsidy program, invest in targeted outreach and consumer education, and open new full-service branches in minority neighborhoods within its MSA.
