Harland Completes LibertyAcquisition

Register now

ATLANTA - (06/14/05) -- John H. Harland Co. said it hascompleted its previously announced $160 million acquisition ofLiberty Enterprises Inc., combining two of the nation's leadingcheck printers and credit union service providers. Mounds View,Minn.-based Liberty provides checks, marketing services, educationand e-commerce products to more than 5,000 credit unions. Libertywas founded in 1985 and was privately held, with about 80% of thecompany owned by David Copham and his family, and the remainderowned by employees through an employee stock ownership plan, orESOP.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER