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  September 5, 2001
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Home > Company Index > Financial Services > Mortgage Banking & Related Services > First Alliance Corporation

First Alliance Corporation
OTC: FACOQ
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 PROFILE
After First Alliance's sales tactics earned it a complaint from the FTC, lawsuits by states and the AARP, and made it the subject of "The New York Times" and "ABC News" investigative reports, the subprime mortgage lender filed for Chapter 11 bankruptcy protection. First Alliance, which has been delisted from the OTC Board, primarily made loans to people with poor or insufficient credit histories, who used the funds for debt consolidation or home improvements. The firm has closed most of its offices, laid off most of its employees, and sold its servicing portfolio. Brian Chisick (Chairman, CEO, and director) and his wife Sarah (director) own about 70% of the firm.

 COMPETITION
Aames Financial Corporation (AAM)
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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 69.90
1-Yr. Sales Growth: (16.6)%
Employees: 482
Revenue per employee: $145,020.75

 KEY PEOPLE
• Brian Chisick
    CEO
• Francisco Nebot
    CFO

 CONTACT INFO
17305 Von Karman Ave.
Irvine, CA 92614
US
Phone: 949-224-8500
Fax: 949-224-8462

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