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Higher One Holdings stockholders OK sale of disbursements biz to Customers Bancorp, unit

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Higher One Holdings stockholders OK sale of disbursements biz to Customers Bancorp, unit

Higher One HoldingsInc. said in a Form 8-K filed April 4 that its stockholders authorizedthe sale by unit Higher One Inc.of substantially all of the assets, and the transfer of substantially all of theliabilities, exclusively related to or used in its business of disbursing studentloan and other refunds for its higher education institutional clients and servicingstudent-oriented checking accounts for the students of those clients, excludingthe eRefund service, pursuant to the asset purchase agreement between Higher One Holdings and Higher One Inc.,and Customers Bancorp Inc.and its unit, Customers Bank.