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H&R Block to explore strategic alternatives for H&R Block Bank

Oct 10 (Reuters) - U.S. tax preparer H&R Block Inc said it is exploring strategic alternatives for H&R Block Bank, which could result in the company no longer being regulated by the Federal Reserve as a savings and loan holding company.

H&R Block said it does not expect any material impact on its earnings for fiscal 2013.

The company's shares were down 4 percent in premarket trading at $17.01.

(Reporting by Sharanya Hrishikesh in Bangalore)

((sharanya.hrishikesh@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging: sharanya.hrishikesh.thomsonreuters.com@reuters.net))

Keywords: H&RBLOCK STRATEGICALTERNATIVES/

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