Colonnade Closes its Third Insurance Premium Finance Transaction of 2024

Colonnade Advises Pathward Financial on the Sale of its Insurance Premium Finance Business to Honor Capital

CLEARWATER, Fla., Nov. 7, 2024 /PRNewswire/ -- Pathward Financial, Inc. (Nasdaq: CASH) announced that its wholly owned subsidiary Pathward®, N.A. ("Pathward"), an industry leading financial empowerment company driven by its purpose to power financial inclusion, has closed the sale of its commercial insurance premium finance business to AFS IBEX Financial Services, LLC, a subsidiary of Honor Capital Holdings, LLC ("Honor"). Through its subsidiaries, Honor originates and services premium finance loans and is one of the nation's largest independently owned insurance premium finance companies, with offices in Massachusetts, New York, Florida, Texas and California.

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