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THE ASSOCIATES COMPLETES ACQUISITION OF ASSETS FROM FIRST FINANCIAL MANAGEMENT CORPORATION

 THE ASSOCIATES COMPLETES ACQUISITION OF ASSETS
 FROM FIRST FINANCIAL MANAGEMENT CORPORATION
 DALLAS, Nov. 10 /PRNewswire/ -- Associates Corporation of North America announced today that it has completed the previously announced acquisition of most of the assets of First Family Financial Services, Inc. from First Financial Management Corporation (FFMC).
 The Associates is part of the Financial Services Group of Ford Motor Company (NYSE: F).
 The transaction involves substantially all of the $602 million in assets of First Family, a consumer finance company with 192 offices in eight states. The offices will continue to operate under the First Family name as part of The Associates consumer finance operations. FFMC will also provide The Associates with certain information processing services.
 First Family was a unit of FFMC's Georgia Federal Bank. FFMC is an information services company.
 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 1,350 offices in the United States, Japan, the United Kingdom and Canada. It manages assets of approximately $25 billion.
 -0- 11/10/92
 /CONTACT: Fred Stern of The Associates Corporation of North America, 214-541-4042/
 (F) CO: Associates Corp. of North America; Ford Motor Co. ST: Texas, Michigan IN: FIN SU: TNM


TS -- NY085 -- 9381 11/10/92 15:05 EST
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Publication:PR Newswire
Date:Nov 10, 1992
Words:218
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