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The Boston Globe

Business

Protest is planned at OneUnited

Activists trying to save the Charles Street African Methodist Episcopal Church from foreclosure plan to hold a protest outside OneUnited Bank’s Warren Street branch in Boston on Thursday if the bank does not back off its threat to foreclose on the historic church.

The protest will be at 3 p.m., according to the group’s leaders, the Rev. Eugene F. Rivers 3d and the Rev. Jeffrey Brown. In a press release, the group said it plans to “condemn the bank’s unscrupulous business practices and negligence towards the communities it claims to serve.’’

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OneUnited, one of the nation’s largest black-owned banks, has said it plans to auction off the church’s Roxbury property, just down the street from the bank branch in Grove Hall, on March 22. A $1.1 million loan that uses the church as collateral came due in December and the bank has refused to refinance it.

In a statement Wednesday, bank spokeswoman Colette Phillips said, “OneUnited Bank has been inspired by the good judgment the people in our community have shown in recent weeks and we trust that the community will not rush to judgment without full knowledge of the facts.’’

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