Genworth Financial  was told by the U.S. Department of the Treasury  that the deadline it set for approval by the Office of Thrift Supervision (OTS) of Genworth's application to become a savings and loan holding company passed before the OTS completed its review of the insurance firm's application. The Treasury Department will not extend the deadline. 

Genworth will thus not complete its intended purchase of InterBank, which is based in Maple Grove, Minnesota, nor will it be eligible to participate in Treasury's Capital Purchase Program (CPP). The CPP was established for firms that own a thrift.

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