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Dividend.com: Target Misses the Mark

Stock quotes in this article: GNW , TGT , COV , LOW  

Genworth Financial Buys Small Bank to Access TARP Funds

Genworth Financial(GNW Quote) announced late Sunday that it would it apply for capital under a U.S. government program, after reaching a deal to buy a bank.

The company has reached an agreement in principle to buy InterBank fsb of Maple Grove, Minnesota -- a community bank with about $1 billion in assets -- and filed a savings and loan holding company application with the Office of Thrift Supervision, a federal regulator. ...

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