RICHMOND, Va., Nov. 16 /PRNewswire-FirstCall/ -- Genworth Financial (NYSE:
GNW) announces it has filed a savings and loan holding company application
with the Office of Thrift Supervision with respect to the acquisition of
InterBank fsb of Maple Grove, Minnesota. Genworth and InterBank have reached
an agreement in principle, subject to negotiation of a definitive agreement.
Genworth also filed an application for the U.S. Treasury Department's Capital
Purchase Program (CPP) under the Troubled Asset Relief Program (TARP).
Both of these applications are subject to regulatory approval.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading public Fortune 500
global financial security company. Genworth has more than $100 billion in
assets and employs approximately 7,000 people with a presence in more than 25
countries. Its products and services help meet the investment, protection,
retirement and lifestyle needs of over 15 million customers. Genworth operates
through three segments: Retirement and Protection, International and U.S.
Mortgage Insurance. Its products and services are offered through financial
intermediaries, advisors, independent distributors and sales specialists.
Genworth Financial, which traces its roots back to 1871, became a public
company in 2004 and is headquartered in Richmond, Virginia. For more
information, visit genworth.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to our plans,
objectives, expectations and intentions and other statements contained in this
release that are not historical facts as well as statements identified by
words such as expects, anticipates, intends, plans, believes, seeks,
estimates, or words of similar meaning. These statements are based on our
current beliefs or expectations and are inherently subject to significant
uncertainties and changes in circumstances, many of which are beyond our
control. Actual results may differ materially from these expectations due to
changes in global political, economic, business, competitive, market and
SOURCE Genworth Financial, Inc.
CONTACT: Media: Al Orendorff, +1-804-662-2534,
firstname.lastname@example.org, Investors: Alicia Charity, +1-804-662-2248,
Web Site: http://www.genworth.com