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. - All News and Analysis
Fitch Affirms 7 & Downgrades 6 Classes from 4 Associates Manufactured Housing Transactions
NEW YORK -- Fitch Ratings has taken rating actions on the following four Associates Manufactured Housing Contract Trust pass-through certificates: Series 1996-1: --Class M affirmed at 'AA+'; --Class B-1 downgraded to 'AA' from 'AA+'; --Class B-2 downgraded to 'AA' from 'AA+'. Series 1996-2: --Class...
Spring Communications names new leadership
Salt Lake-based Spring Communications said Wednesday it has named Jason Ellis president and chief executive officer and that founder Vern Dickman has been named chairman of its board. Ellis has served as Spring's president and chief operating officer for the past five years. Before joining Spring, Ellis held...
Fitch Upgrades 3 & Affirms 11 Classes from 4 Associates Manufactured Housing Transactions
NEW YORK -- Fitch Ratings has taken rating action on the following Associates Manufactured Housing Contract Trust pass-through certificates: Series 1996-1: --Class A-5 affirmed at 'AAA'; --Class M is upgraded to 'AA+' from 'AA'; --Class B-1 affirmed at 'AA+'; --Class B-2 affirmed at 'AA+'. ...
Finance Firm Plans to Target Smaller Carriers
A former top executive at Associates First Capital Corp. said he was launching a new company to provide working capital to for-hire carriers with less than 50 trucks, a market that he said is "significantly underserved."Hal Marshall, who was president of Associates First Capital from 1996 to 1999, said consolidation...
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...
Associates First Capital Corporation Lands Performance Excellence Award
Business Editors DALLAS--BUSINESS WIRE--May 25, 2000 The U.S. Bankcard Operations of Associates First Capital Corporation (NYSE:AFS) announced that it has received the Quality Texas Foundation's 2000 Texas Award for Performance Excellence. This unit was recognized for superior customer and employee satisfaction and retention throughout the operation. ...
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. ...
Fitch Assigns CitiFinancial Mortgage Company 'RPS3+' Servicer Rating
Business Editors NEW YORK--BUSINESS WIRE--Aug. 8, 2002 Fitch Ratings assigns CitiFinancial Mortgage Company CFMC an 'RPS3+' residential primary servicer rating for subprime mortgage loans. The 'RPS3+' rating is based on CFMC's highly seasoned and capable management team, solid 'AA+' Fitch rated parent, Citigroup, and the implementation of extensive...
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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