H&R Block Inc. entered into an agreement to divest H&R Block Bank and have BofI Federal Bank take over the operation.
BofI Federal Bank in an internet bank based in San Diego. The $3.56 billion bank will acquire the assets and liabilities of Kansas City-based H&R Block Bank and it has also signed an agreement to act as the bank for the Emerald Prepaid MasterCard, Emerald Advance lines of credit, and refund transfers.
"We're very pleased to reach a definitive agreement with BofI that enables us…
H&R Block Inc. entered into an agreement to divest H&R Block Bank and have BofI Federal Bank take over the operation.
BofI Federal Bank in an internet bank based in San Diego. The $3.56 billion bank will acquire the assets and liabilities of Kansas City-based H&R Block Bank and it has also signed an agreement to act as the bank for the Emerald Prepaid MasterCard, Emerald Advance lines of credit, and refund transfers.
"We're very pleased to reach a definitive agreement with BofI that enables us…