BNET Industries

Metris Companies Inc.

is in the Financial Services Industry

Last Fiscal Year Sales:$530.1M
  • Private
  • US
Dow Jones Description

On December 1, 2005, Metris Companies Inc. was acquired by HSBC Finance Corporation. HSBC Finance Corporation is the consumer finance arm of HSBC - North America, one of the top ten financial services organizations in the United States. The company's businesses serve more than 60 million customers in five key areas: personal financial services, consumer finance, commercial banking, private banking and corporate investment banking and markets.

Chief Legal Officer
Richard Evans
Number of Employees 2,200
Contact Information

10900 Wayzata Blvd

Minnetonka, Minnesota 55305-1534

www.metriscompa...

(952) 358-4000

NAICS Code All Other Nondepository Credit Intermediation: 522298

News & Analysis

metris companies inc. - All News and Analysis

  • Local Focus.(Business)

    - 2005-12-02

    HSBC acquisition of Metris in the books PROSPECT HEIGHTS -HSBC Finance Corp., the sixth largest issuer of MasterCard and Visa credit cards in the U.S., on Thursday announced the closing of its acquisition of Minnetonka, Minn.-based Metris Companies Inc., currently the 11th largest issuer...

    Tags: Metris Companies Inc., Rutland Tool & Supply Co.

  • Fitch Upgrades Metris Companies Inc., Removes from Watch Positive

    - 2005-12-01

    NEW YORK -- Fitch Ratings has upgraded the long-term ratings of Metris Companies Inc. Metris and Direct Merchants Credit Card Bank, N.A. DMCCB to 'AA-' from 'B-' and removed them from Rating Watch Positive where they were placed on Aug. 5, 2005. Concurrent with these actions, Fitch has withdrawn all...

    Tags: Fitch Ratings, Metris Companies Inc.

  • Metris Stockholders Approve Acquisition By HSBC

    - 2005-11-30

    MINNETONKA, Minn. -- Metris Companies Inc. (NYSE:MXT) announced that, at a special meeting held today in Minneapolis, its stockholders voted to approve the acquisition of the Company by HSBC Finance Corporation. Of the stockholders who voted, more than 99 percent voted in favor of the acquisition. All of the Series...

    Tags: Metris Companies Inc.

  • Metris Announces Date for Special Stockholder Meeting

    - 2005-11-02

    MINNETONKA, Minn. -- Metris Companies Inc. (NYSE:MXT) today announced that the date for the special meeting of Metris stockholders to vote on the Company's proposed merger with HSBC Finance Corporation will be November 30, 2005. The meeting will be held at 9 a.m. Central Time at the offices of Dorsey...

    Tags: Metris Companies Inc.

  • Metris Reports Net Income of $53.7 Million

    - 2005-10-24

    MINNETONKA, Minn. -- Metris Companies Inc. (NYSE:MXT) today reported net income of $53.7 million for the quarter ended September 30, 2005, or earnings of $0.39 per diluted common share. This compares to net income of $61.8 million for the quarter ended September 30, 2004, or earnings of $0.48 per diluted...

    Tags: Metris Companies Inc.

Decision Makers

Name (plus bio) Position
Richard Evans Chief Legal Officer
Mark Wagener Controller & Senior Vice President
Frank D. Trestman Committee Member

Rick Evans joined Metris in June 2001. He serves as the Company's chief legal officer and oversees the Legal, Compliance & Operational Risk Management, and Human Resources Departments. Evans' extensive legal background includes 13 years as executive vice president, general counsel and director of Green Tree Financial Corp. in Saint Paul, Minn. He also served for 10 years as a special assistant attorney general for the State of Minnesota. Evans received a bachelor's degree from Northwestern University and a law degree from the College of William & Mary.

Organization Position Status
Metris Companies Inc. Chief Legal Officer Current
Metris Companies Inc. General Counsel, Secretary & Executive Vice President Former
William and Mary Former
Northwestern University Bachelor's Degree Former

Organization Position Status
Metris Companies Inc. Controller & Senior Vice President Current
Arthur Andersen LLP Former
Norwest Corporation Former
University of Minnesota M.B.A. Former

Organization Position Status
Metris Companies Inc. Committee Member Current
Metris Companies Inc. Director Current
Best Buy Co., Inc. Board of Directors Current
McKesson Corporation Consultant Former
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