BNET Industries
Last Fiscal Year Sales:$900.1M
- Private
- US
Dow Jones Description
Provider of Consumer Auto Loans
Senior Vice President & Treasurer
J. Keith PalmerNumber of Employees 12
Peer Companies
NAICS Code All Other Nondepository Credit Intermediation: 522298
News & Analysis
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wfs financial inc. - All News and Analysis
Fitch Affirms 11 Classes of 2 WFS Financial Owner Trust Transactions
- 2008-01-31
NEW YORK -- Fitch Ratings has affirmed 11 classes of 2 WFS Financial Owner Trust asset-backed transactions, as follows: WFS 2005-2 --Class A-3 notes at 'AAA'; --Class A-4 notes at 'AAA'; --Class B notes at 'AAA'; --Class C notes at 'AA'; --Class D notes...
Wachovia takes bigger role in auto finance.(Finance & insurance)(Dawn Martin speaks on WFS Financial Inc.'s merger)(Interview)
- 2006-05-08
Byline: Gail Kachadourian The recent merger of two financial-services companies - Wachovia Corp. and Westcorp - included the combination of Wachovia's auto finance business with WFS Financial Inc., Westcorp's vehicle-lending subsidiary. Executives of the combined company say it will offer a broader range...
Fitch Upgrades 3 Classes of 3 WFS Financial Owner Trust Transactions
- 2006-03-24
NEW YORK -- Fitch Ratings upgrades three classes of three WFS Financial Owner Trust asset-backed transactions, as follows: WFS 2003-4 --Class D notes upgraded to 'A' from 'BBB'; WFS 2004-1 --Class D notes upgraded to 'A' from 'BBB'; WFS 2004-2 --Class D notes upgraded...
WFS Financial Inc to Release Fourth Quarter and Year-End Earnings Results on Tuesday, January 31, 2006
- 2006-01-20
IRVINE, Calif. -- WFS Financial Inc (Nasdaq:WFSI) will release its fourth quarter and year-end earnings results on Tuesday, January 31, 2006, after the market closes. Given the pending merger with Wachovia Corporation, there will be no scheduled webcast conference call to coincide with this earnings release. About WFS...
Fitch Upgrades 7 Classes of 4 WFS Financial Owner Trust Transactions
- 2005-10-31
NEW YORK -- Fitch Ratings upgrades seven classes of four WFS Financial Owner Trust asset-backed transactions, as follows: WFS 2004-1 --Class B notes to 'AAA' from 'AA'; --Class C notes to 'AA' from 'A'. WFS 2004-2 --Class B notes to 'AAA' from 'AA'; --Class...
WFS Financial Reports Third Quarter Results
- 2005-10-25
IRVINE, Calif. -- WFS Financial Inc:-- Third quarter net income increased 66% to $63 million -- Earnings per share increased 66% to $1.54 per share -- Contract originations grew 15% to $2.1 billion WFS Financial Inc (Nasdaq:WFSI) reported that net income increased 66% to $63.4...
WFS Financial 2003-4 Owner Trust Upgraded by Fitch Ratings
- 2005-09-23
NEW YORK -- Fitch Ratings upgrades the outstanding class B, and class C notes of WFS 2003-4 Owner Trust transaction as listed below. -- WFS 2003-4 class B notes upgraded to 'AAA' from 'AA'; -- WFS 2003-4 class C notes upgraded to 'AA' from 'A'. The collateral...
Market Gainers issues Trading Alert for shareholders of WFS Financial, Inc.
- 2005-08-24
M2 PRESSWIRE-24 August 2005-www.MarketGainer.com: Market Gainers issues Trading Alert for shareholders of WFS Financial, IncC1994-2005 M2 COMMUNICATIONS LTD RDATE:24082005 MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other...
Fitch Rates WFS Financial 2005-3 Owner Trust 'AAA'
- 2005-07-27
NEW YORK -- Fitch Ratings assigns the following ratings to the WFS Financial 2005-3 Owner Trust (WFS 2005-3) asset-backed notes: -- $389,000,000 3.66838% class A-1'F1+'; -- $713,000,000 4.11% class A-2 'AAA'; -- $325,000,000 4.25% class A-3A 'AAA'; -- $682,000,000 floating-rate class A-3B 'AAA'; -- $306,000,000...
WFS Financial Reports Second Quarter Results
- 2005-07-26
-- Second quarter net income increased 77% to $59 million -- Earnings per share increased 76% to $1.44 per share -- Contract originations grew 21% to $2.0 billion -- Second quarter annualized credit losses on contracts improved 58 basis points to 1.15%...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| J. Keith Palmer | Senior Vice President & Treasurer |
| Jeffrey D. Pratt | |
| Jennifer Heil | |
| Duane A. Nelles | Director |
| Organization | Position | Status |
|---|---|---|
| Wfs Financial, Inc. | Senior Vice President & Treasurer | Current |
| Wachovia Bank, N.A. | Vice President & Treasurer | Current |
Jeff is a professional financial institutions executive with over 15 years of experience in risk management. He is the former senior vice president of Westcorp, a $3 billion NYSE traded holding company whose primary subsidiaries are Western Financial Bank and WFS Financial, Inc., a publicly held auto finance company traded on NASDAQ.
| Organization | Position | Status |
|---|---|---|
| Wachovia Bank, N.A. | Senior Vice President | Current |
| Downey Financial Corp. | Senior Vice President | Current |
| Lenders Technology, Inc | Senior Advisor | Current |
| Wfs Financial, Inc. | Current | |
| Western Financial Bank | Current | |
| Option One Mortgage Corporation | Senior Manager for Portfolio Risk | Former |
| Tehran University | Former | |
| Wachovia Bank, N.A. | Managing Member | Former |
Jennifer leads the partner management and product development groups for Fourth Fleet Financial. She has previously held management roles at WFS Financial, E-Loan, and HSBC where she worked in both the Indirect Dealer and Online Consumer channels. She has dedicated her 20 year career to the field of business management and has gained her experience in senior automotive financing roles with other Fortune 100 companies and start-ups. She has broad experience in influencing automotive operations, business development and communications agendas on a national basis. She has played an active role in companies dealing with explosive entrepreneurial growth, significant turn-around environments, rapid national expansion, acquisitions and divestitures in extremely competitive environments. Jennifer received her Bachelors in Business Administration from the University of Phoenix and is an MBA candidate for June 2007.
| Organization | Position | Status |
|---|---|---|
| Fourth Fleet Financial, Inc | Vice President of Partner Management and Product Development | Current |
| HSBC Auto Finance | Current | |
| E-LOAN, Inc. | Current | |
| Wfs Financial, Inc. | Current | |
| University of Phoenix | Bachelors In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Wfs Financial, Inc. | Director | Current |
| QUALCOMM Incorporated | Board of Directors | Current |
| PricewaterhouseCoopers | partner | Former |
| University of Michigan | M.B.A. Degree | Former |
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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