OLYMPIC FINANCIAL OPENS DENVER OFFICE
OLYMPIC FINANCIAL OPENS DENVER OFFICE DENVER, April 30 /PRNewswire/ -- Olympic Financial Ltd.
(NASDAQ: OLYM) has opened a branch office in Denver, marking its initial expansion outside of Minnesota, the company announced today.
Olympic, which is based in Minneapolis, sells and services retail automobile installment loans originated from a network of auto dealers. The Denver branch is an originating office for auto loans to be sold and securitized through Olympic's Minneapolis headquarters, Jeffrey C. Mack, chairman and CEO, said. Olympic has signed contracts with more than 40 auto dealerships in the Denver metropolitan area, Mack said. The 2-year-old company has contracts with more than 150 dealerships in Minnesota, including two- thirds of those in the Twin Cities metropolitan area. "We believe Denver represents an excellent opportunity to duplicate the success we've enjoyed in the Twin Cities, offering a somewhat larger base of franchised dealers and compatible demographics," Mack said. "It is the first of 10 to 12 additional metropolitan markets that meet our expansion criteria." -0- 4/30/92 /CONTACT: Jeffrey C. Mack of Olympic Financial Ltd., 612-942-9880, or Tom Langenfeld of Swenson Falker Eilertsen, 612-371-0000, for Olympic Financial/ (OLYM) CO: Olympic Financial ST: Minnesota IN: FIN SU:
MA -- MN015 -- 5070 04/30/92 15:15 EDT
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|Date:||Apr 30, 1992|
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