Genworth Files For Savings And Loan Holding Company Status

Posted by Orb Staff on November 17, 2008 No Comments
Categories : Residential Mortgage

Financial security company Genworth Financial says it has filed a savings and loan holding company application with the Office of Thrift Supervision with respect to the acquisition of InterBank FBS of Maple Grove, Minn.

Genworth and InterBank have reached an agreement in principle, subject to negotiation of a definitive agreement. Genworth also filed an application for the U.S. Treasury Department's Capital Purchase Program under the Troubled Asset Relief Program. Both of these applications are subject to regulatory approval.

Source: Genworth Financial

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