The film's world premiere was scheduled to close the festival, but now Scarlett Johansson's new movie, "Marriage Story", will replace it as Apple bosses investigate new claims surrounding entrepreneur Bernard Garrett, the character Anthony Mackie portrays in the film.
The movie, Apple's first major film release, is still scheduled to hit theatres on December 6.
"We purchased 'The Banker' earlier this year as we were moved by the film's entertaining and educational story about social change and financial literacy," an Apple statement reads. "Last week some concerns surrounding the film were brought to our attention. We, along with the filmmakers, need some time to look into these matters and determine the best next steps."
"In light of this, we are no longer premiering 'The Banker' at AFI Fest."
A source reveals "a person related to Garrett Sr." had "levelled some troubling allegations about the late entrepreneur and shared them with at least one Hollywood trade paper which is planning a story."
Set in 1950s Los Angeles, "The Banker" follows the true story of Garrett and Joe Morris, the first black bankers in American history. The pair ran a successful financial business with a white man, named Matt Steiner, as the face of the company.