DCB Family Holding Corp. and JGS Jr. Family Holding Corp., each based in Salt Lake City, Utah, filed separate proposals to become bank holding companies by acquiring a stake in Home Credit Corp., according to a Federal Reserve release.
JGS Jr. Family Holding is eyeing to buy 60.86% of Home Credit, while DCB Family Holding is looking to acquire 27.64% of the company. Both investors would thereby indirectly acquire control of Home Credit's unit, Home Savings Bank.
As of June 30, Home Credit had total consolidated assets of about $125.3 million, according to S&P Global Market Intelligence data.
