Dolla Financial Services is seeking to acquire its rival Access Financial Services.
Dolla Financial Services formally advised the Jamaica Stock Exchange that Dolla wrote an expression of interest letter to the board of Access Financial last week.
The company said the letter was a non-binding expression of interest to enter into preliminary discussions to explore the take-over of Access.
Dolla says it awaits a response from Access in order to proceed with confidential due diligence and, if satisfactory, present a formal offer to acquire Access.
Dolla says it remains focused on its main objective to increase shareholder value through acquisitions and organic growth.