BNET Industries
Last Fiscal Year Sales:$12.1B
- Public
- US
Dow Jones Description
Associates First Capital Corporation ("First Capital" or the "Company"), a Delaware corporation, is a leading, diversified financial services organization providing finance, leasing, insurance and related services to individual consumers and businesses in the United States and internationally. As successor to Associates Investment Company, founded in 1918, First Capital had 2,771 offices worldwide and employed approximately 32,500 persons at December 31, 1999. Corporate headquarters are located in Irving, Texas. For the year ended December 31, 1999, First Capital had total managed revenues of $13.3 billion and net earnings of $1.5 billion. At December 31, 1999, managed finance receivables were $84.4 billion, total managed assets were $95.1 billion and stockholders' equity was $9.8 billion. The Company's finance receivables are geographically dispersed. At December 31, 1999, approximately 81% of total managed receivables were dispersed across the United States with 9% in California, 7% in Texas and 6% in Florida; no more than 4% in any other state. The remaining 19% of total managed receivables were dispersed across 13 foreign countries, with 9% in Japan and no more than 5% in any other foreign country.
Senior Vice President and Associate General Counsel
Tom HoffmanContact Information
250 E Carpenter Fwy
Irving, Texas 75062
9726524000
Peer Companies
NAICS Code All Other Nondepository Credit Intermediation: 522298
News & Analysis
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associates first capital corp. and citigroup inc. - All News and Analysis
Keith W. Hughes
Pilgrim's Pride also announced that its Board of Directors has elected Keith W. Hughes as a new outside director and audit committee member. The election of Hughes increases the total number of Pilgrim's Pride directors to 13, of which eight are outside directors. Hughes was Chairman and CEO of Dallas-based...
Mortgage program launched
NEW YORK -- Citigroup, the nation's largest financial institution, is launching a $200 billion program to help low- and moderate-income families buy homes. The program, to be run by Citigroup's mortgage lending unit CitiMortgage, will include low down payment mortgages, reduced closing costs and help for people with...
A matter of life and debt: The impact of predatory lending on the black community
Think of it as a word problem. Problem is the operative word: If "company A" lends $50,000 to "consumer F" at an interest rate 7 points above the prime rate, charging finance fees equal to 10% of the loan and a prepayment penalty, how long would it take for consumer...
HSBC Holdings Pays Low Price for Prospect Heights, Ill.-Based Consumer Banker.
By Andrew Countryman, Chicago Tribune Knight Ridder/Tribune Business News Nov. 15--HSBC Holdings' $14 billion agreement to acquire Household International Inc. may be the biggest financial services deal in months, but by most any measure, analysts said, it's a bargain. ...
The Dallas Morning News Follow-Up File.
The Dallas Morning News Knight Ridder/Tribune Business News Jul. 28--KEITH HUGHES: Keith W. Hughes, who spent his career growing a subprime lending business, is learning how to grow grapes in California. Mr. Hughes, the former chief executive of Irving-based Associates ...
Citi's Mortgage Payment. (NAMES IN THE NEWS).(Citigroup)(Brief Article)
CITIGROUP WILL PAY as much as $20 million to North Carolina mortgage holders to settle allegations that its subprime lending unit, The Associates First Capital Corp., deceived customers. The settlement involves a practice that is now illegal in North Carolina -- "packing" single premium...
Orders Issued Under Bank Holding Company Act
Orders Issued Under Section 3 of the Bank Holding Company Act Citigroup Inc. New York, New York Citigroup Holdings Company Wilmington, Delaware Citicorp New York, New York Order Approving Acquisition of a Bank Citigroup Inc., Citigroup Holdings Company, and Citicorp, financial holding companies within the...
Mergers and acquisitions
Shareholders of Associates First Capital Corporation, Dallas, approved Citigroup Inc.'s acquisition of the company, with over 99 percent of the ballots cast in favor of the transaction. Under the terms of the transaction announced on September 6, 2000, Associates shareholders will receive .7334 common shares of Citigroup for each share...
Citigroup Successfully Completes Acquisition of Associates First Capital Corporation
Business Editors NEW YORK--BUSINESS WIRE--Nov. 30, 2000 Citigroup Inc. (NYSE: C) and Associates First Capital Corporation ("Associates") today announced the completion of Citigroup's acquisition of Associates. The acquisition was consummated through a merger of Associates with a subsidiary of Citigroup pursuant to which each share of Associates...
Activist Criticizes Citigroups Plan to Reform Texas-Based Mortgage Lender.(Knight Ridder/Tribune Business News)
Nov. 9--DURHAM, N.C.--The leader of the Self-Help Credit Union criticized Citigroup for an "extremely disappointing" plan to reform a mortgage lender it is buying. Citigroup said Tuesday that it would improve the lending practices of Associates First Capital. But Martin Eakes, speaking for a...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Tom Hoffman | Senior Vice President and Associate General Counsel |
Tom Hoffman has served as Forsythe's general counsel for more than 15 years and has over 20 years of experience in the leasing and commercial finance industry. He served several times on the Computer Dealers and Lessors Association (CDLA) Legal Advisory Committee, and has been actively involved in the Equipment Leasing Association. Hoffman sits on Forsythe's board of directors. Prior to joining Forsythe, Hoffman served as senior vice president and associate general counsel for the commercial finance division of Associates First Capital Corporation, which has since been acquired by Citigroup. Hoffman earned his bachelor's degree in social sciences from Southern Illinois University, Carbondale, Ill., and received his J.D. from DePaul University, Chicago.
| Organization | Position | Status |
|---|---|---|
| Associates First Capital Corp | Senior Vice President and Associate General Counsel | Current |
| Forsythe Solutions Group, Inc. | Forsythe's General Counsel | Current |
| Forsythe Technology Inc. | Current | |
| Cdla.Com, Inc | Former | |
| DePaul University | J.D. | Former |
| Southern Illinois University | Bachelor's Degree In Social Sciences | Former |
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