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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.
- Press release.
RBCAA vs. ETF Alternatives
Republic Bancorp, Inc., along with its subsidiaries, provides banking, tax refund solutions, and mortgage banking services. The Company's segments include: Traditional Banking, Mortgage Banking and Republic Processing Group.
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