CertusHoldings in Greenville, S.C., is getting very little money for selling its broker-dealer and wealth-management units.
The holding company for CertusBank will get just $190,000 for selling the units CertusSecurities and CertusInvestment Advisers to Investview in Red Bank, N.J., according to a regulatory filing. The companies expect to close the deal by Dec. 31.
CertusInvestment, an investment adviser, reported having $32.6 million assets under management at Sep. 19. CertusSecurities, a broker-dealer, had $912,000 in assets of $912,000 at Feb. 28.
The $1.5 billion-asset CertusBank has been involved in litigation this year involving investors and former executives. The bank's former founders filed a lawsuit last month against a hedge fund investor whom they say spread lies to get three of the four founders fired.