H&R Block announced that regulators informed them that they require more time to review the sale of H&R Block Bank to BofI Federal Bank, which means the transaction won’t be closed before the next tax season.
H&R Block CEO Bill Cobb said that he was extremely disappointed with the development but that the company remains committed to exiting the bank and forming a long-term partnership with BofI Federal Bank. Despite not having a bank deal done before the coming tax season, he said the Kansas…
H&R Block announced that regulators informed them that they require more time to review the sale of H&R Block Bank to BofI Federal Bank, which means the transaction won’t be closed before the next tax season.
H&R Block CEO Bill Cobb said that he was extremely disappointed with the development but that the company remains committed to exiting the bank and forming a long-term partnership with BofI Federal Bank. Despite not having a bank deal done before the coming tax season, he said the Kansas…