BofI Holding in San Diego has bought a bankruptcy trustee and fiduciary services business from Epiq.
The $8.9 billion-asset company said in a press release Wednesday that one of its units acquired the business, which provides specialized software and consulting services tied to Chapter 7 bankruptcies. It also advises other types of trustees and fiduciaries.
BofI did not disclosed how much it paid in the all-cash deal, though it said the purchase was funded with existing capital at its bank.
The deal will
“It adds a new specialty deposit vertical and further diversifies our funding over time,” he added.
Epiq provides integrated technology and services for the legal profession.
