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Article: Oak Street tables plans
- Article from:
- Indianapolis Business Journal
- Article date:
- February 14, 2005
- Author:
CopyrightCopyright IBJ Corporation Feb 14, 2005. Provided by ProQuest LLC. (Hide copyright information)
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Oak Street Financial Services Inc., the fast-growing Carmel-based mortgage seller, has called off its initial public offering.
"We still feel we're in a growth phase," said Oak Street spokesman Joe Poulos. "But some things have been scaled back, such as the IPO."
Oak Street filed initial IPO paperwork with the Securities and Exchange Commission last April, outlining plans to raise up to $150 million from investors. But SEC documents show Oak Street withdrew its registration request Feb. 1 One of the state's fastest-growing private companies for the past half decade, Oak Street was formed in 1999. Originating mortgages is its primary business, particularly for folks with checkered credit ...