RICHMOND, Va., April 9 /PRNewswire-FirstCall/ -- Today, Genworth Financial (NYSE:
GNW -
News)
was informed by the U.S. Department of the Treasury (Treasury) that the
deadline it set for approval by the Office of Thrift Supervision (OTS)
of Genworth's application to become a savings and loan holding company
passed before OTS completed its review of Genworth's application and
Treasury will not extend the deadline. Genworth will therefore not
complete its intended acquisition of InterBank, fsb of Maple Grove,
Minnesota, nor will it be eligible to participate in Treasury's Capital
Purchase Program (CPP) established for companies that own a thrift.