Credit Depot announces new senior vice president of underwriting.GAINESVILLE, Ga.--(BUSINESS WIRE)--Sept. 23, 1996--Credit Depot Corporation (Nasdaq: LEND) today announced that Ralph J. DeBee, Jr. has been appointed Senior Vice President of Underwriting, reporting to Gerald F. Sullivan, Sr., President and Chief Executive Officer of the Company. Mr. DeBee brings over sixteen years experience to his new role of Senior Vice President of Underwriting. Prior to joining Credit Depot, Mr. DeBee spent eight years at Equicredit Corporation, most recently as Senior Vice President, Loan Administration. Equicredit Corporation, a billion dollar plus originator of loans, was recently acquired by Barnett Bank Barnett Bank, founded in 1877, eventually became the largest commercial bank in Florida. It was purchased by NationsBank in 1997, but even before signs on Barnett's branches were changed, NationsBank merged with BankAmerica Corp., creating Bank of America. , Inc. (NYSE NYSE See: New York Stock Exchange :BBI BBI Blockbuster Inc. (stock symbol) BBI Berlin Brandenburg International (Airport) BBI Broadband-Interactive BBI Browser-Based Interface BBI Best Brains Inc. ) a leading financial institution in Florida and ranked in the top 25 banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Mr. DeBee was also President of DeBee Financial Services, a private mortgage company. Gerald F. Sullivan, Sr., President and Chief Executive Officer, stated: "We are very pleased to welcome Ralph to the Credit Depot team, where his years of hands-on experience of our industry and strategic market perspective will prove to be an invaluable resource as we continue to build a significant presence in a rapidly growing industry segment." Credit Depot Corporation is a multi-state financial services company that provides residential real estate financing to individuals unable to secure loans through conventional sources. The Company currently originates loans through its offices in Florida, Georgia, Indiana, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Tennessee and Kentucky. These loans are collateralized by first mortgages, primarily on owner-occupied residential properties. CONTACT: Gerald F. Sullivan, Sr./Kelly M. Garmon Credit Depot Corporation (770) 531-9927 or John P. Kehoe / Van Negris Kehoe, White, Savage & Company, Inc. (212) 888-1616 |
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