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OneUnited Bank gets poor marks on lending

By Beth Healy

 |  Globe Staff  

  January 10, 2012

OneUnited Bank, a minority-owned institution whose mission is community lending, has received a “needs to improve’’ rating in Massachusetts from regulators on its Community Reinvestment Act examination, and “substantial noncompliance’’ in Florida. It’s another blemish on the record of the Boston-based bank, which has yet to repay $12 million in federal bailout funds from 2008, and which received special help from lawmakers to get those funds. Regulators said OneUnited all but stopped lending during the review period.

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