Why Did Bank Stop Lending Money to 2 Indian Doctors Who Own Abortion Clinic?: Vijay Goyal, MD, and Vinod Goyal, MD, own a variety of operations in the Chicago area, including Michigan Avenue Center for Health, a surgical center providing abortions, and A.H. Employee Co., which held a note for revolving credit from Fifth Third Bank, letting the company easily secure loans up to a certain limit.
Fifth Third granted the revolving credit in March 2008 and renewed it yearly without hesitation through the March 2010 renewal. Then, according to the Goyals, Michael Kozak, their newly appointed loan officer, met with other bank officers and discussed the doctors' ownership of the abortion clinic. The officers, citing their religious views on abortion, decided to find ways to stop lending money to the Goyals, the doctors allege.
Editor: Makes me proud to be a 5/3 customer!
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