Insurance company Conseco Inc. now expects to sell its finance subsidiary, formerly known as Green Tree Financial Corp., sometime before Sept. 30.
Conseco Financial Corp., the new name for the former Green Tree, is a major source of funds for the RV industry.
The parent company had hoped to sell Conseco Financial by June 15 but David Harkins, Conseco’s interim chairman and CEO, told the Indianapolis Star, “We continue to be optimistic that we will reach a definitive agreement on an acceptable sale during the third quarter.”
Conseco wants to sell its finance subsidiary to concentrate on its insurance business.
Green Tree was re-named Conseco Financial effective last Nov. 1.