OneMain Holdings Closes on Branch Sale
Evansville-based OneMain Holdings Inc. (NYSE: OMF) has closed on the previously-announced sale of 127 Springleaf Financial branches. The sale to Georgia-based Lendmark Financial Services LLC was part of a $4.5 billion acquisition completed in November.
The sale was the result of an agreement OneMain Holdings reached with the U.S. Department of Justice and the attorneys general from seven states. The company received $624 million in cash proceeds from the sale.
The company, then known as Springleaf Holdings Inc., acquired Baltimore-based OneMain Financial Holdings LLC, in November. The company’s name was changed to OneMain Holdings Inc.
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