Washington — In a matter of hours Friday, four large insurance companies announced marriages with troubled thrift companies, and the Office of Thrift Supervision played the role of matchmaker, according to industry sources.
Hartford Financial Services Group Inc., Genworth Financial Inc., Lincoln National Corp., and Aegon NV—all wounded by the financial crisis—had been looking to acquire banks or thrifts so they could become thrift holding companies and, thus, be eligible to receive capital injections under the Treasury Department's Capital Purchase Program.
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