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H&R Block Bank sale: 'It's not a delay'

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Call it optimism or maybe a bit of overzealous spin-doctoring, but H&R Block Inc. is refusing to describe its sale of H&R Block Bank to BofI Federal Bank as delayed. In a filing with the Securities and Exchange Commission on Feb. 17, H&R Block and BofI Holding Inc. reported agreeing to an extension of their agreement on the sale of H&R Block Bank, which was set to expire April 30. The extension makes the deal valid through June 30. This is the second time H&R Block (NYSE: HRB) has announced an…

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