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Block Gets New Bank Sale Deal

Bill Cobb, H&R Block The second time may be the charm for H&R Block which has reached an agreement to sell its own H&R Block Bank to Bofi Federal Bank. Last year, Block had a deal to sell the operation to Republic Bank but that Louisville, Ky.-based operation dropped the idea when it could not get regulatory approvals. Block expects the deal will close before the 2015 tax season.

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