BNET Industries

Advance America Cash Advance Centers Inc.

(AEA) is in the Financial Services Industry

Market Cap:$258.9M
Last Fiscal Year Sales:$709.5M
  • Public
  • US
Dow Jones Description

Cash Advance Services

CEOKenneth E. Compton
Number of Employees 6,700
Contact Information

135 N Church St

Spartanburg, South Carolina 29306

www.advanceamer...

(864) 342-5600

NAICS Code Consumer Lending: 522291

Recent Events

  • Advance America Chooses VALID Systems for Its Innovative Check-To-Card Program

    5/19/09 - Product Announcement - View Story

  • Advance America Q1 profit rises - Quick Facts

    4/29/09 - Financial Announcement - View Story

  • Advance America Announces Results for 2008

    2/19/09 - Financial Announcement - View Story

  • Advance America Announces Settlement in Georgia and the Closing of 24 Centers in New Hampshire

    2/09/09 - Legal Settlement - View Story

  • Advance America Announces Appointment of Tony S. Colletti to Its Board of Directors

    1/30/09 - Board Member - Entering - View Story

  • Advance America Announces Appointment of Tony S. Colletti to Its Board of Directors

    1/30/09 - Mgmt. Change Entering - Director - View Story

News & Analysis

advance america cash advance centers inc. - All News and Analysis

Additional Resources

  • Advance America Chooses VALID Systems for Its Innovative Check-To-Card Program

    - 2009-05-19

    “ Better Than Check Cashing” System Uses VALID’s Revolutionary Decisioning and Interface to Deliver Faster, Safer, More Convenient Access ...

  • Advance America Earnings Per Share Increase 19.0% During First Quarter

    - 2009-04-29

    SPARTANBURG, S.C., April 29 /PRNewswire-FirstCall/ -- Advance America, Cash Advance Centers, Inc. today reported the results of its operations for the quarter ended March 31, 2009. For the quarter ended March 31, 2009, total revenues decreased 5.5% to $156.4 million, compared to $165.5 million for same...

  • Advance America Announces New Worry-Free Advance

    - 2009-04-21

    Initiative helps customers who involuntarily lose their income SPARTANBURG, S.C., April 21 /PRNewswire-FirstCall/ -- Advance America, Cash Advance Centers, Inc. today announced the introduction of a new program, the Worry-Free Advance, to accommodate customers who involuntarily lose their source of income during the time they have...

Decision Makers

Name (plus bio) Position
Kenneth E. Compton CEO
J. Patrick O'Shaughnessy Cfo & Executive Vice President
Jamie Fulmer Director, IR, Advance America
Donovan A. Langford III Director
Thomas E. Hannah Director

Board of Directors

Name (plus bio) Position
George D. Johnson Jr. Chairman
Robert H. Chapman Board of Directors
Stephen K. Benjamin Board of Directors
Tony S. Colletti Board of Directors
W. Olin Nisbet Board Director
William M. Webster IV Board Chairman

Kenneth E. Compton (President,Chief Executive Officer and Director) has served as the company's President and Chief executive Officer since August of 2005. Mr. Compton has served as a Director since December 2005. Mr. Compton, has over 25 years of management and operational experience, having served for 13 years as President of the Global Automotive Group of Milliken & Company. During that time, Mr. Compton was responsible for thousands of employees and multiple facilities worldwide. Milliken & Company is an international textile and chemical manufacturer headquartered in Spartanburg, S.C.

Organization Position Status
Advance America, Cash Advance Centers, Inc. CEO Current
Advance America, Inc. President, Chief Executive Officer, and Director Current
Advance America, Cash Advance Centers, Inc. President Current
Advance America, Inc. Board of Directors Current
Advance America, Cash Advance Centers, Inc. Board of Directors Current
Milliken & Company President, Global Automotive Group Former
Organization Position Status
Advance Centers Inc. Chief Financial Officer, Executive Vice President, and Director Current
Advance America, Cash Advance Centers, Inc. Cfo & Executive Vice President Current
Advance America, Inc. Executive Vice President, Chief Financial Officer Current
Advance America, Cash Advance Centers, Inc. Board of Directors Current
Advance America, Inc. Board of Directors Current
Donaldson, Lufkin & Jenrette Securities Corporation Former
University of Chicago Graduate School of Business MBA Former
Organization Position Status
Advance America, Cash Advance Centers, Inc. Director, IR, Advance America Current
Advance America, Inc. Director of Public Affairs Current
Organization Position Status
Advance America, Cash Advance Centers, Inc. Chairman Current
Organization Position Status
Aero-Metric, Inc. Board Director Current
FONES4ALL Board Director Current
Advance America, Cash Advance Centers, Inc. Director Current
Advance America, Cash Advance Centers, Inc. Audit Committee Chairman Former

Robert H. Chapman, III (Director) has served as a director since July 2004. Since December 2003, Mr. Chapman has served as the Chairman of the Board and Chief Executive Officer of Inman Mills, a textile manufacturer. Prior to becoming its Chief Executive Officer, Mr. Chapman served as the President and Treasurer of Inman Mills from January 1991 to December 2003. Since November 2003, Mr. Chapman has served as the Chief Executive Officer of Bumper2Bumper Media, Inc., an advertising and marketing company. Mr. Chapman also serves as a director of Bumper2Bumper Media, Inc. Mr. Chapman currently serves on the board of directors of Tuscarora Yarns, Inc. and the South Carolina Advisory Board of Liberty Mutual Insurance Company.

Organization Position Status
Inman Mills Inc. Chief Executive Officer Current
Inman Mills Inc. Chairman of The Board of Directors Current
Advance America, Cash Advance Centers, Inc. Board of Directors Current
Advance Centers Inc. Director Current
Advance America, Inc. Director Current
Tuscarora Yarns Inc. Board of Directors Current
Inman Mills Inc. President Former
Liberty Mutual Group, Inc. Advisory Board Former
Inman Mills Inc. Treasurer Former
Organization Position Status
National Bank Of South Carolina Attorney at Law, Mcangus Goudelock & Courie Current
Law Offices Principal Current
Advance America, Inc. Principal Current
National Bank Of South Carolina Board of Directors Current
Advance America, Inc. Board of Directors Current
Advance America, Cash Advance Centers, Inc. Board of Directors Current

Thomas E. Hannah (Director) has served as a director since July 2004. Since September 1999, Mr. Hannah has served as the President and Chief Executive Officer of USLC, Southport Sourcing, a manufacturer of men's garments. Mr. Hannah currently serves on the board of directors of Carolina Dye Works.

Organization Position Status
Uslc Chief Executive Officer Current
Uslc President Current
The Spartanburg County Foundation Vice Chairman Current
Advance America, Inc. Director Current
Palmetto Conservation Foundation Board of Directors Current
Advance Centers Inc. Director Current
Advance America, Cash Advance Centers, Inc. Director Current
Carolina Dye Works, Inc Board Director Current
Collins & Aikman Corporation CEO Former
Collins & Aikman Corporation President Former
P.A.S.T Chairman Former
Converse College Chairman of the Board Former
Advance America, Cash Advance Centers, Inc. Nominating & Corporate Governance Committee Chairman Former
Collins & Aikman Corporation Board Member Former
National Association of Manufacturers Director Former
University of South Carolina Master of Science Degree Former
University of South Carolina Bachelor of Science Degree Former

Tony S. Colletti (Director) has served as a director since January 2009. Mr. Colletti operates Colletti & Associates, a public affairs firm based in Chicago, Illinois. Prior to opening Colletti & Associates in 2007, Mr. Colletti was the Executive Vice President of the Community Financial Services Association (CFSA) from 2004 until 2007, where he was responsible for state and federal legislative efforts. Prior to joining CFSA, he served as a government relations specialist and practiced business and real estate development law for a number of firms and associations. Mr. Colletti has over 30 years of experience in corporate leadership and public affairs strategies. He earned a B.S. degree from Bradley University and a J.D. from the University of Notre Dame Law School.

Organization Position Status
Advance America, Inc. Board of Directors Current
Advance America, Cash Advance Centers, Inc. Board of Directors Current
Cfsa Executive Vice President Former
University of Notre Dame Law School J.D. Former
Bradley University B.S. Degree Former

W. Olin Nisbet (Director) has served as a director since July 2004. Mr. Nisbet is a founding partner of Lions Gate Capital, LLC, an asset management firm, and has served as a Portfolio Manager since the firm's inception in 2004. From 2002 to 2004, Mr. Nisbet served as an Analyst for Porter, Felleman, Inc., an investment management company. From 1992 to 2001, Mr. Nisbet was employed by Morgan Stanley's Investment Banking Department, most recently as an Executive Director. Mr. Nisbet currently serves on the board of directors of Starlite Media, LLC

Organization Position Status
Starlite Media Board Director Current
Advance America, Cash Advance Centers, Inc. Board Director Current
Advance America, Inc. Board of Directors Current

Array

Organization Position Status
Advance Centers Inc. Chairman and Director Current
Cash Advance Centers, Inc. Chairman Current
Converse College Chairman of The Board Current
LKQ Corporation Board of Directors Current
Advance America, Cash Advance Centers, Inc. Vice Chairman Current
Advance America, Inc. Vice Chairman of The Board of Directors Current
Washington and Lee University Board of Directors Current
Advance America, Inc. Chief Executive Officer Former
Cash Advance Centers, Inc. Chief Executive Officer Former
Advance America, Cash Advance Centers, Inc. CEO Former
Education Management Corporation Executive Vice President Former
Advance America, Cash Advance Centers, Inc. Co-Founder Former
Advance America, Cash Advance Centers, Inc. Board of Directors Former
University of Virginia J.D. Degree Former
Lee University B.A Former
University of Virginia School of Law Former

Executive News

  • 'Strong feelings evident' in payday debate: Payday industry, critics faced off in Legislature as new regulations were passed [The State, Columbia, S.C.]

    BusinessWeek - 5/31/09 - View Story

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     AEA $27.52 +22.97 (504.84% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 425,427
Shares Outstanding 61.65M
Market Cap 1.7B
Year High 29.98
Year Low 0.5
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated

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