How to buy your church for $10,000
The Church of Jesus Christ of Latter-day Saints, one of the most well-known and influential Christian denominations in the world, is about to sell its stake in a California bank that it bought in 2005.
The church’s president, Monson, who heads the Church of Latter Day Saints in Salt Lake City, will retire from the church in 2021, and its church-owned stake in the California-based bank will be sold.
The sale is expected to close in the first quarter of 2021.
The church is also likely to pay a premium of $500 million or more for the stake, said the bank, HSBC Bank in Los Angeles.LDS church is the world’s largest Christian denomination.
Its church-affiliated Church of Christ has about 10 million members around the world.
The bank that bought the stake said the LDS church had an outstanding balance of $1.7 billion at the time of the sale, which could have been about $10 million if it had held on to the stake.
The LDS church has been in turmoil since the death of its charismatic founder, Joseph Smith, in 1844.
The LDS church, which has about 5 million followers worldwide, had a troubled relationship with its own members and with the mainstream Protestant denominations.
It was forced to move to a new, more conservative form of church, the Church’s modern-day Mormon Church, which was founded by its prophet, President David O. McKay.
The stakes are part of a $5.4 billion portfolio of assets that the bank is building for the LDS Church.
The stake is valued at $5 billion, and the bank says it expects the stakes to be worth more than $1 billion at closing.
“The Church is well positioned for a strong financial return, and we believe this transaction will help us continue to serve our church members and provide the church with more opportunities for growth,” said Richard Gee, head of global corporate governance at HSBC.
The stake, known as the Church for Sale, was purchased by the Bank of the West in 2006 for $3.4 million.
The bank bought the bank because it wanted to diversify its holdings and focus on investment opportunities in developing countries.
The $5-billion portfolio includes $1-billion in cash, including the church’s $3-billion cash reserves, according to the bank.
The Church of the Latter Day Saint was founded in 1830, and was established by the Prophet Joseph Smith as the church of Jesus.
The name was changed to the Church in 1852, and is one of three original denominations of the church.
The other denominations are the Latter-Day Saints, Latter- day Saints in Christ and the Church.
The other denominations have different names, and they differ in terms of doctrine, teachings, and missions.
The Mormon Church says that the Mormon Church is the only true church, and that it is the one true and living church.
The denomination’s teachings have changed significantly since the beginning of its history, but the main doctrines remain the same, the church said in a statement.
It has about 40 million members worldwide, with about 30 percent of the world living in countries with majority-Muslim populations.