BofI Federal Bank Announces Renewal of H&R Block®-Branded Refund Advance Product for 2019 Tax Season
27 July 2018 - 6:36AM
Business Wire
BofI Federal Bank ("BofI"), the nationwide banking subsidiary of
BofI Holding, Inc. (NASDAQ: BOFI), has renewed its agreement with
H&R Block to be the exclusive provider of interest-free Refund
Advance loans to their customers during the 2019 tax season.
BofI will originate and fund all of H&R Block’s
interest-free Refund Advance loans to tax preparation clients
for the 2019 tax season. BofI will perform the credit underwriting,
loan origination, funding, and loan servicing associated with the
interest-free Refund Advance loan in the upcoming tax season and
receive fees from H&R Block for providing those services. This
will be the second year that BofI will be the exclusive provider of
interest-free Refund Advance loans to H&R Block’s
customers.
About BofI Holding, Inc. and BofI Federal Bank
BofI Holding, Inc. is the holding company for BofI Federal Bank,
a nationwide bank that provides financing for single and
multifamily residential properties, small-to-medium size businesses
in target sectors, and selected specialty finance receivables. With
approximately $10 billion in assets, BofI Federal Bank provides
consumer and business banking products through its low-cost
distribution channels and affinity partners. BofI Holding, Inc.’s
common stock is listed on the NASDAQ Global Select Market under the
symbol “BOFI” and is a component of the Russell 2000® Index, the
S&P SmallCap 600® Index, and the KBW Nasdaq Financial
Technology Index. For more information on BofI Federal Bank, please
visit bofifederalbank.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including without limitation
statements relating to BofI’s financial prospects and other
projections of its performance and asset quality, BofI’s ability to
grow and increase its business, diversify its lending, the outcome
and effects of pending class action litigation filed against the
Company, and the anticipated timing and financial performance of
new initiatives. These forward-looking statements are made on the
basis of the views and assumptions of management regarding future
events and performance as of the date of this press release. Actual
results and the timing of events could differ materially from those
expressed or implied in such forward-looking statements as a result
of risks and uncertainties, including without limitation changes in
interest rates, inflation, government regulation, general economic
conditions, conditions in the real estate markets in which we
operate and other factors beyond our control. These and other risks
and uncertainties detailed in BofI’s periodic reports filed with
the Securities and Exchange Commission could cause actual results
to differ materially from those expressed or implied in any
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement, and
BofI undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180726005991/en/
BofI Holding, Inc.Johnny Lai, CFAVP, Corporate Development and
Investor Relations1-858-649-2218jlai@bofi.com
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