WILMINGTON, Del. -- A subsidiary of Beneficial Corp. said it completed the acquisition of revolving credit accounts fromRhodes Inc., an Atlanta-based furniture retailer.

Beneficial National Bank USA, which specializes in private-label credit services for rtailers, added $174 million in receivables in 181,000 active Rhodes accounts. The companies did not disclose terms of the transaction.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.