H&R; Block SeeksBank Charter
- Share via
Bloomberg News
H&R; Block Inc. said that it filed for a federal bank charter that would allow the largest tax-preparation company to offer savings accounts.
Another opportunity that the bank charter would provide is for the firm’s Option One Mortgage Corp. unit to take deposits and use them for lending, spokesman Bob Schneider said. The company plans to open a pilot branch in Irvine, where Option One is based.
Shares of the Kansas City-based company closed up 85 cents at $45.88 on the NYSE.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
