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BofI Federal Bank Completes $173 Million Deposit Acquisition From Principal Bank

Tuesday, September 10, 2013 - 7:00 AMBofI Federal Bank - Details
From Investor's Business Daily
BofI Holding, Inc. (BOFI) ("BofI"), parent company of BofI Federal Bank (the "Bank"), announced that the Bank completed the acquisition of approximately $173 million in deposits from Principal Bank including $142 million in checking, savings and money market accounts and $31 million in time deposit accounts.
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Hope this doesn't put downward pressure on the deposit rates at Bank of Internet USA (division of BofI Federal).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634