Consumers Financial Corp. retains Ernst & Young LLP as financial advisor.CAMP HILL, Pa.--(BUSINESS WIRE)--March 11, 1996--Consumers Financial 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 :CFIN CFin Computational Finance CFIN Combat Flight Inspection ) Monday announced that is has retained Ernst & Young LLP LLP - Lower Layer Protocol as its exclusive financial advisor in exploring opportunities to find a strategic partner/buyer of its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . The business operations include: credit life and disability insurance and fee income products, a closed block of universal life insurance and a wholesale automobile auction. "The main reasons for this decision are to improve the financial strength of the company and its ability to service its customers more efficiently while enhancing shareholder value," James C. Robertson, chairman, chief executive officer and president said. Consumers Financial Corp., an insurance holding company, operates through the following business units: the Automotive Resource Division, which provides management training and education services as well as credit insurance and other products to automobile dealers; the Auto Auction Division, which operates a wholesale automobile auction; and the Individual Life Insurance Division, which administers a small closed block of universal life insurance business. CONTACT: Consumers Financial Corp., Camp Hill Christy L. Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. , 717/761-4230 |
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