Home Capital Announces Receipt Of Final Regulatory Approvals And Expected Closing Date For Acquisition By Smith Financial Corporation

Home Capital Announces Receipt Of Final Regulatory Approvals And Expected Closing Date For Acquisition By Smith Financial Corporation

08/24/23, 10:12 PM
Industry
banking
lending
real estate
finance
financial services
Home Capital Group Inc. (“Home Capital”) (TSX: HCG) is pleased to announce that the required regulatory approvals under the Bank Act (Canada) and Trust and Loan Companies Act (Canada) have been granted by the Federal Minister of Finance in respect of the previously announced acquisition of Home Capital by a wholly owned subsidiary of Smith Financial Corporation (“SFC”) (such acquisition, the “Arrangement”) and that the Arrangement is expected to be completed on August 31, 2023, subject to the satisfaction of customary closing conditions.

Company Info

Company
Smith Financial
Company info
Financial advisor who specializes in employee and executive benefits, life and disability insurance, retirement planning, cash management, investment planning, tax planning, college funding, charitable giving, rish management, estate conservation, and Medicare supplement and/or long term care.