Colonnade Advises Pathward Financial on the Sale of its
Insurance Premium Finance Business to Honor Capital
CLEARWATER, Fla., Nov. 7, 2024
/PRNewswire/ -- Pathward Financial, Inc. (Nasdaq: CASH) announced
that its wholly owned subsidiary Pathward®, N.A. ("Pathward"), an
industry leading financial empowerment company driven by its
purpose to power financial inclusion, has closed the sale of its
commercial insurance premium finance business to AFS IBEX Financial
Services, LLC, a subsidiary of Honor Capital Holdings, LLC
("Honor"). Through its subsidiaries, Honor originates and services
premium finance loans and is one of the nation's largest
independently owned insurance premium finance companies, with
offices in Massachusetts,
New York, Florida, Texas and California.
Colonnade Securities LLC served as exclusive financial advisor
to Pathward.
About Pathward Financial, Inc.
Pathward Financial, Inc. (Nasdaq: CASH) is a U.S.-based
financial holding company driven by its purpose to power financial
inclusion. Through our subsidiary, Pathward®, N.A., we strive to
increase financial availability, choice and opportunity across our
Banking as a Service and Commercial Finance business lines. These
strategic business lines provide end-to-end support to individuals
and businesses. Learn more at www.pathwardfinancial.com.
About Colonnade Securities LLC
Colonnade Securities is a leading investment bank focused on the
business services and financial services industries, with proven
M&A expertise advising large institutions, private equity
firms, and entrepreneurs on over $10
billion in transactions since 1999.
Media contact: Matt Magee,
mmagee@coladv.com
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SOURCE Colonnade Securities LLC
