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 Concurrent with these actions, Fitch has withdrawn all...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
David Harkins
Donald J Sanders
Edward B Speno
Frank D. Trestman Committee Member
Jerome J. Jenko
John A Cleary
Leo R. Breitman
Matt Melius
Thomas M Hagerty

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. Current
Thomas H. Lee Partners, LP Vice Chairman Current

As a result of several innovative technology solutions introduced by Don during his 30 years in the consumer finance industry, he has achieved eminent status in the field of risk management. He gained distinction by bringing the technology developed for financial services into new areas within and outside of that industry, and has earned prominence as a change agent through his thought leadership. In management positions at Korvettes Department stores, Citicorp, and Commercial Credit Corporation, he introduced credit scoring, brought in decision support software, and instilled a credit culture based upon science and technology but integrated with the human side of the credit and collection process. In 1990, Don co-founded Credit and Risk Management Associates, Inc. (CRMA), a risk management, marketing, consulting, data warehousing, and systems integration firm that was acquired by Fair Isaac Corporation in 1996. Don holds a B.S in Accounting from Loyola College in Baltimore, MD, and a Master of Science in Administration, with a concentration in Business Financial Management, from George Washington University.

Organization Position Status
Bridgeforce, Inc. Senior Advisor Current
Metris Companies Inc. Current
Collections Marketing Center Board Member and Senior Advisor Current
Credit.Com, Inc. Co-Founder Former
Risk Management Associates Co-Founder Former
Fair Isaac Corporation Former
Commercial Credit Former
Loyola College in Maryland Md, and A Master of Science In Administration, With A Concentration In Business Financial Management, from George Former
The George Washington University Master of Science In Administration Former
Loyola College in Maryland B.S In Accounting Former

Organization Position Status
Metris Companies Inc. Current
The Johns Hopkins University 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

Mr. Jenko recently retired as senior vice president, general counsel, secretary and director of The Pillsbury Company. He brings more than 30 years of experience to the firm, having handled more than 150 mergers, acquisitions, and divestitures in sizes ranging from $3 million to $3 billion.

Organization Position Status
Lazard Middle Market Senior Advisor Current
Helms & Co. Senior Advisor Current
Metris Companies Inc. Current
Michael Foods, Inc. Director Current
Ocean Spray Cranberries, Inc. Director Current
Commodity Specialists Company Inc. Director Current
Papetti Director Current
Lazard Middle Market Board of Directors Current
Deco-Pak Limited Director Current
Pillsbury Senior Vice President, General Counsel Former
General Mills, Inc. Former
United Pet Supply Inc. Former
Pillsbury Secretary Former
Seton Hall University doctorate degree Former
University of Minnesota Bachelor's Degree In Chemical Engineering Former

Organization Position Status
Metris Companies Inc. Current
Donnelley Marketing, Inc. CEO Former

Organization Position Status
Metris Companies Inc. Current
American Biltrite Inc. Board of Directors Current
FleetBoston Financial Managing Director, Commercial Banking Division Former
FleetBoston Financial Director Former

Organization Position Status
Metris Companies Inc. Current
First National Bank of Omaha director of the portfolio management department Former
University of Nebraska M.B.A. Former
University of South Dakota bachelor's degree in business administration Former

Organization Position Status
Metris Companies Inc. Current
MGIC Board of Directors Current
Conseco Inc. Interim Chief Financial Officer Former
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