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Utah-based investors eyeing 88.5% stake in Home Credit

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Utah-based investors eyeing 88.5% stake in Home Credit

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.