First Alliance Opens Retail Branch Office in London, England.IRVINE Irvine, town, Scotland Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing. , Calif.--(BUSINESS WIRE)--Aug. 29, 1996--First Alliance 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 : FACO FACO Final Assembly and Check Out FACO Fellow, American Chiropractic Orthopedists FACO Fabrication, Assembly & Check Out ) today announced the recent opening of its first retail branch office outside 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. in London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. , England, on Aug. 5, 1996. "This new office reflects the Company's strategy to expand into new geographic areas on a selective basis and our commitment to international business," commented Brian Chisick, president and chief executive officer. "Our intention in opening an office in London is to build a base internationally through the very attractive market of the greater London Greater London: see London. area, which provides excellent markets for our borrowers. The new office is staffed with seven employees and is fully operational." "The office is now a part of our First Alliance Corporation subsidiary family and is licensed for retail lending. It will conduct business under the name `First Alliance Mortgage Company, Limited.' The United Kingdom has an improving economy, and we believe there are significant opportunities to establish our retail businesses there." First Alliance is a consumer finance company with headquarters in Irvine, Calif. The Company originates, purchases, sells and services non-conventional mortgages through 19 retail branch offices in 12 states in the United States and one retail branch office in the United Kingdom. CONTACT: First Alliance Corp. Mark Mason, 714/224-8403 or Morgen-Walke Associates, Inc. Doug Sherk/Jenifer Kirtland/Jon Squire, 415/296-7383 Elissa Grabowski/Emily Dupree, 212/850-5600 |
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