In March of 2019, Prosperity Bancshares, Inc. announced its plans to acquire JFQ Lending, Inc., a credit repair company specializing in auto loans, for an undisclosed price. The move is part of Prosperity’s efforts to expand its consumer lending offerings and increase its market share in the state of Texas, where JFQ Lending is headquartered.
JFQ Lending was founded in 2002 and has since become one of the largest credit repair companies in the country. The company offers a variety of services to its clients, including credit counseling, credit restoration, and debt management. Prosperity Bancshares plans to utilizethis platform to expand its own consumer lending business.
The acquisition is subject to regulatory approval and is expected to close in the second quarter of 2019.
You can read this full article at: https://www.housingwire.com/articles/prosperity-strikes-deal-to-acquire-jfq-lending/(subscription required)
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