Republic Bancorp Is Stalling Out
Oct. 9, 2013, 7:56 AM
- H&R Block (HRB) tumbles 5.6% premarket after Republic Bank (RBCAA) says it's withdrawing its application to the OCC for conversion to a national banking association - a necessary condition of its agreement to purchase certain parts of HRB Bank.
- "We remain committed to our twin goals of ceasing to be regulated as a savings and loan holding company and finding the right bank partner to help us to continue to grow our financial services business."
- A conference call is set for 9 ET.