News Formal

Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust

  • 📰 SooToday
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 85%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies, Fairstone Bank of Canada and Home Trust Co., in a move they say will create the leading alternative lender in Canada.

Smith financial founder and CEO Stephen Smith says the combination is characterized by a strong cultural fit and complementary strengths.

Fairstone Bank offers credit cards and rewards programs, point-of-sale financing, automobile financing and personal loans, while Home Trust is focused on residential and non-residential mortgages, credit cards and guaranteed investment certificates.Under the deal, Smith Financial will own a majority stake in the new company, while Fairstone Bank's other shareholders, Centerbridge Partners LP, Ontario Teachers' Pension Plan Board and management, will continue as minority owners.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 8. in İN
 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Access Bank to Buy Kenya’s NBK, Boosting Presence in Key MarketAccess Bank Plc plans to acquire National Bank of Kenya from KCB Group Plc, boosting the foothold of Nigeria’s biggest bank in a key East African market.
स्रोत: BNNBloomberg - 🏆 83. / 50 और पढो »