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Article: Genworth Has a Definitive Agreement to Buy InterBank.
- Article from:
- National Mortgage News
- Article date:
- January 5, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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