H&R Block Inc. learned several lessons from its failed attempt to sell H&R Block Bank to Republic Bancorp Inc. last year, making executives feel more confident about the structure of the current deal with BofI Federal Bank.
H&R Block announced Thursday that it plans to divest H&R Block Bank and have BofI Federal Bank take over the operation before next tax season. The deal requires several applications that require the approval of regulatory officials.
It's that regulatory process that gummed up…
H&R Block Inc. learned several lessons from its failed attempt to sell H&R Block Bank to Republic Bancorp Inc. last year, making executives feel more confident about the structure of the current deal with BofI Federal Bank.
H&R Block announced Thursday that it plans to divest H&R Block Bank and have BofI Federal Bank take over the operation before next tax season. The deal requires several applications that require the approval of regulatory officials.
It's that regulatory process that gummed up…