Printer Friendly

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
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 17, 1992
Words:266
Previous Article:SERONO LABORATORIES, INC. FILES SUIT AGAINST ORGANON INTERNATIONAL FOR PATENT INFRINGEMENT
Next Article:'RECOVERING' STRIPED BASS POPULATION GETS BOOST FROM DELMARVA POWER HATCHERY
Topics:


Related Articles
EQUIVEST FINANCE ANNOUNCES THE SIGNING OF A LETTER OF INTENT TO ACQUIRE 801 AUTO RECEIVABLES, INC.
AMERICAN GENERAL FINANCE, INC. REPORTS RECORD 1ST QUARTER EARNINGS IN 1993
EQUIVEST FINANCE INC. ANNOUNCES EQUITY INVESTMENT, REVOLVING CREDIT FACILITY AND FORMATION OF A DIVERSIFIED CONSUMER FINANCE DIVISION
CTL CREDIT INC. REPORTS EXPANDED USED CAR FINANCING AND ADDITIONAL 1993 FOURTH QUARTER RESULTS
AMERICAN GENERAL FINANCE, INC. ACHIEVES RECORD PERFORMANCE IN 1993
CTL CREDIT INC. REPORTS 1994 FIRST QUARTER RESULTS
NATIONAL AUTO CREDIT, INC. REPORTS 78 PERCENT INCREASE IN AUTO FINANCE BUSINESS EARNINGS AND 70 PERCENT INCREASE IN LOAN PORTFOLIO
DCR ASSIGNS SENIOR DEBT RATING OF 'A+' TO AMERICAN GENERAL FINANCE
SEARCH CAPITAL REPORTS QUARTERLY OPERATING PROFIT OF $513,000, FIRST IN 2-1/2 YEARS
DCR Rates Newcourt Equipment Receivables Trust 1997-A

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters