SPRINGFIELD, Mass. (RNS) The pastor of a black church that was torched just hours after President Obama’s election says the bank that initially made a $1.7 million building loan has declined to issue another one.

Bishop Bryant Robinson Jr., pastor of Macedonia Church of God in Christ, said TD Bank will not provide the money, even though the church had insurance that covered the first loan and the bank received its money plus interest following the fire on Nov. 5, 2008.

Construction on the church’s new building was about 75 percent complete when the fire was set. Three Springfield men are charged in the case, and witnesses told the FBI the men said they set the fire in response to Obama becoming the first black president.

TD Bank spokeswoman Jennifer Morneau said in a statement that the church was unable to meet some loan terms. However, no details were provided.