Quaint Oak discloses stake in equipment finance firm

Quaint Oak Bancorp in Southampton, Pa., disclosed that it bought a majority stake in an equipment finance company. 

The $568 million-asset company said in a press release Thursday that it bought a 51% stake in Oakmont Capital Holdings on Jan. 4. The company did not disclose the price it paid.

Oakmont has offices in West Chester, Pa., and Albany, Minn. Oakmont conducts business in all 50 states.

Quaint Oak said it has had a business relationship with Oakmont since 2015.