Deal Leaves Clarke American InLimbo

Published December 28, 2004, 1:00 a.m. EST

|

Updated August 27, 2020, 2:36 a.m. EDT

1 Min Read

SAN ANTONIO, Texas - (12/28/04) -- The future of Clark American ChecksInc. has been left up in the air after Honeywell International'sdeal to acquire the check printer's parent, Novar plc. of Britain.As part of the $2.4 billion deal, Honeywell said it plans to sellof Novar's non-related assets, which includes Clarke American.Honeywell is expected t take several months to decide on adivestiture plan, according to the companies. Clarke American wasfounded in San Antonio in 1874 and currently provides checks andrelated business forms to more than 4,000 credit unions andbanks.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Federal Reserve

Key questions for Fed still unanswered after Cook decision

Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.

By Kyle Campbell
Staff writer

3h ago
AB - Policy & Regulation

CashCall asks judge to overturn $134 million judgment

The high-cost lender wants a federal court to vacate a nine-figure judgment, claiming the Consumer Financial Protection Bureau acted in "bad faith" by abandoning a settlement agreement that would have sharply reduced the company's payment.

By Kate Berry
Reporter

3h ago
NCUA

Exclusive: Warren says NCUA deregulation weakens credit unions

Senate Banking Committee ranking member Elizabeth Warren, D-Mass., said the National Credit Union Administration's efforts to roll back 31 rules without a board quorum could jeopardize the credit union system's stability and legitimacy.

By Claire Williams
Reporter

3h ago
Artificial Intelligence

The biggest AI spenders are hiring more, too

Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.

By Penny Crosman
Executive Editor, Technology at Arizent

3h ago
Community banking

Trade groups: USDA misfired by barring lenders from program

Groups representing community banks and credit unions argue that the Department of Agriculture used a faulty process when it removed 10 lenders from its OneRD loan guarantee program

By John Reosti
Reporter

June 29
M&A

Commerce to acquire boutique middle-market investment bank

The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.

By Jasmine Ni

June 29

Load More