Command Credit Corp.'s credit card servicing facility Berwyn Holdings Inc. signs letter of intent with NatWest Bank, Delaware.GARDEN CITY, N.Y.--(BUSINESS WIRE)--Nov. 1, 1995--Command Credit Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CDMDD) announced Wednesday that NatWest Bank (Delaware) has signed a letter of intent with Berwyn Holdings Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Command Credit, to service their secured bank credit card portfolio. Harold Hendrickson, president of Berwyn Holdings Inc., stated, "This letter is the first step toward a complete servicing contract with NatWest. The Berwyn operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. has been gearing up to provide state-of-the-art servicing for major banks, and this agreement affirms our commitment to provide the highest quality of bankcard servicing in our market." William G. Lucas, chairman, chief executive officer and president of Command Credit Corp., parent company of Berwyn Holdings Inc., stated, "This agreement is the first of many new relationships with major and regional bankcard issuers that we have been working to complete." Tony Jennings, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of NatWest Bank (Delaware), stated, "Berwyn's experience, infrastructure, and commitment to this product allows NatWest an ease of entry that can be leveraged in several productive ways." Command Credit Corp. is an international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company headquartered in Garden City. The company is engaged in credit card marketing and servicing, middle market commercial leasing, residential mortgages, aircraft leasing and merchant banking through its various subsidiaries. CONTACT: Berwyn Holdings Inc. Harold Hendrickson, 302/429-2510 or Command Credit Corp. Investor Relations Investor relations The process by which the corporation communicates with its investors. , 800/338-9199 |
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