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THE ASSOCIATES COMPLETES ACQUISITION OF ALLIED FINANCE COMPANY

 DALLAS, April 9 /PRNewswire/ -- Associates Corporation of North America announced today that it has completed the previously announced acquisition of Allied Finance Company, a unit of Republic Financial Services, a wholly-owned subsidiary of Switzerland-based The Winterthur Group. Terms of the agreement were not disclosed.
 The Associates is part of the Financial Services Group of Ford Motor Company (NYSE: F).
 Allied Finance is a Dallas-based consumer finance company with assets of approximately $165 million. Operating 70 offices in Texas, Tennessee, Louisiana, Mississippi and Alabama, Allied Finance makes home equity-secured and direct personal loans, and purchases installment sales contracts from retailers.
 The Associates, based in Dallas, is the nation's second largest independent finance company, providing consumer finance, commercial finance and leasing, and insurance through more than 1,300 offices in the United States, Japan, the United Kingdom, Puerto Rico and Canada. It manages assets of approximately $25 billion.
 -0- 4/9/93
 /CONTACT: Dale Knight of The Associates Corporation of North America, 214-541-7569/
 (F)


CO: Associates Corporation of North America, Allied Finance Company ST: Texas IN: FIN SU: TNM

LD -- NY017 -- 4608 04/09/93 16:59 EDT
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Publication:PR Newswire
Date:Apr 9, 1993
Words:186
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