Article: Genworth Has a Definitive Agreement to Buy InterBank.

Byline: Brad Finkelstein

NEW YORK-Genworth Financial, Richmond, Va., has issued an update on its proposed purchase of InterBank FSB, Maple Grove, Minn.

The two parties have now entered into a definitive agreement for the transaction. Among the conditions for the completion of the transaction is the approval of Genworth to participate in the Troubled Asset Relief Program.

InterBank is a subsidiary of Aurora Services Corp. Aurora was represented by Sandler O'Neill & Partners LP and the law firm of Patton Boggs LLP. Terms of the deal were not disclosed.

CapitalSouth Bancorp, Birmingham, Ala., has hired Sterne, Agee & Leach Inc. as its ...

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