Command Credit acquires bank card servicing company.GARDEN CITY, N.Y.--(BUSINESS WIRE)--March 20, 1995--Command Credit Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CDMD CDMD Configuration Data Managers Database CDMD Chemical Defense Materials Database ), a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services firm, headquartered in Garden City, announced today that through its 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. , Command America Corp., it has acquired 100% of Berwyn Holdings Inc., a bank card servicing company located in Wilmington, Del. Command President William Lucas, said, "The acquisition of Berwyn is another step in the building of Command's diversified financial services company. The combination of Berwyn's experience and banking contracts coupled with Command's banking and affinity group A special interest group. This is a marketing term for a group of people with similar interests. relationships provide all of the necessary ingredients for a fully operational state-of-the-art bank card servicing center." Command plans to offer innovative bank card products to complement Berwyn's existing card programs. In addition to its regular card products, Berwyn services medical cards and student loans. Berwyn's president, Harold Hendrickson said, "The affiliation with Command brings the sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. needed to stay abreast of the competition in this industry. Command's state-of-the-art hardware, software and business products will be a welcomed addition to our company." In addition to being engaged in the marketing and servicing of credit cards, Command and its subsidiaries engage in the businesses of investment banking, health care, leasing and mortgage banking. CONTACT: Command Credit Corp., Garden City Anne E. Wolfrom, 516/739-8800 or Berwyn Holdings Inc., Wilmington Harold Hendrickson, 302/429-2510 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion