AMERCIAN GENERAL FINANCE ACQUIRES RECEIVABLES FROM CREDIT CENTERS, INC.
AMERCIAN GENERAL FINANCE ACQUIRES RECEIVABLES FROM CREDIT CENTERS, INC. EVANSVILLE, Ind., Aug. 17 /PRNewswire/ -- American General Finance today announced the acquisition of $29 million in receivables from Credit Centers, Inc. The acquisition involves 57 branches in Mississippi and Louisiana. These offices specialize in traditional consumer lending and retail sales financing. Daniel Leitch III, president and CEO of American General Finance, said, "The 57 Credit Center offices will blend well with our business and allow us to increase market presence in Mississippi and Louisiana. We look forward to welcoming them as the newest members of the nationwide American General Finance branch network which is dedicated to providing personal service at locations convenient to our customers." American General Finance is a financial services holding company headquartered in Evansville, Ind. With assets of $6.8 billion, it will operate more than 1,200 branch offices in 41 states, Puerto Rico and the Virgin Islands. The company serves more than 2 million customers. Services offered include consumer and home equity loans; retail sales financing; life, health and property insurance; and VISA and MasterCard. American General Finance is a subsidiary of American General Corporation (NYSE: AGC), one of the nation's largest consumer financial services organizations with assets of $38 billion and shareholder's equity of $4.5 billion. Headquartered in Houston, it is a leading provider of retirement annuities, consumer loans and life insurance. -0- 8/17/92 /CONTACT: David C. Seeley, senior vice president-eastern operations of American General Finance, Inc., 812-468-5608/ (AGC) CO: American General Finance ST: Indiana IN: FIN SU: TNM
KK -- CL002 -- 0507 08/17/92 12:19 EDT
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|Date:||Aug 17, 1992|
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