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 keycorp - All News and Analysis
Associates to acquire Keybank credit card portfolio of 1.3 billion dollars in receivables
Associates First Capital Corporation and KeyCorp announced an agreement to enter into an agent bank partnership, under which the companies will jointly manage KeyCorp's credit card program. Under the terms of the agreement, The Associates also will acquire KeyCorp's credit card portfolio of approximately $1.3 billion in receivables and nearly...
Associates First Capital to Buy Credit Card Loans from Ohio-Based Bank.(Knight Ridder/Tribune Business News)
Dec. 29--Associates First Capital of Irving said yesterday that it will buy $1.3 billion worth of credit-card loans in almost 600,000 Visa and MasterCard accounts from KeyCorp, Ohio's second-largest bank. Although the companies did not disclose the purchase price of the transaction, Cleveland-based KeyCorp...
Irving, Texas-Based Finance Firm to Buy KeyCorp's Credit-Card Business.(Knight Ridder/Tribune Business News)
Dec. 29--Irving-based Associates First Capital Corp. announced Tuesday that it has reached an agreement to buy the $1.3 billion credit card portfolio of KeyCorp, the nation's 11th-largest bank. Under the agreement, Associates -- the nation's largest publicly traded finance company -- will acquire...
Associates First Capital Affirmed by Fitch IBCA; Outlook-Neg
Business Editors NEW YORK--BUSINESS WIRE--Dec. 28, 1999 Associates First Capital Corp.'s AFCC senior debt, subordinated debt, and commercial paper ratings are affirmed at `AA-`, `A+', and `F1+', respectively by Fitch IBCA following the company's announcement that it will acquire KeyCorp's $1.3 billion credit card in-market credit card business....
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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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