RSS Capital One Gets Nod From Delaware State Bank Commissioner For Acquisition Of Discover Financial

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 RSS Capital One Gets Nod From Delaware State Bank Commissioner For Acquisition Of Discover Financial

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Capital One Financial Corp. (COF), a prominent bank holding company, revealed on Thursday that it has secured approval from the Delaware State Bank Commissioner to proceed with its planned acquisition of Discover Financial Services and its subsidiary, Discover Bank.

The company anticipates finalizing this transaction by early 2025.

On February 19, Capital One declared its intention to acquire Discover Financial through an all-stock transaction valued at $35.3 billion. In addition, in July, the company unveiled a five-year community benefits plan worth $265 billion, aligned with the acquisition.

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