Truist expands point-of-sale platform with acquisition of leading home improvement lender Service Finance Company, LLC
CHARLOTTE, N.C., Aug. 10, 2021 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced that its wholly owned bank subsidiary, Truist Bank, has signed a definitive agreement to acquire Service Finance Company, LLC (Service Finance), a leading national provider of point-of-sale (POS) financing solutions for the home improvement industry, for $2 billion. The acquisition of Service Finance expands Truist’s […]