| Business Summary | | First
Investors
Financial
Services
Group,
Inc.
is
a
consumer
finance
company
engaged
in
both
the
purchase
of
receivables
originated
by
franchised
automobile
dealers
and
originating
loans
directly
to
consumers
in
connection
with
the
sale
of
new
and
late-model
used
vehicles.
The
Company
specializes
in
lending
to
consumers
with
impaired
credit
profiles.
The
Company
primarily
purchases
receivables
from
the
new
and
used
car
departments
of
dealers
operating
under
franchises
from
the
major
automobile
manufacturers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Investors
Financial
is
a
consumer
finance
company
engaged
in
the
purchase
and
retention
of
receivables
originated
by
automobile
dealers
from
the
sale
of
vehicles
to
consumers
with
substandard
credit.
For
the
fiscal
year
ended
4/30/01,
interest
income
rose
10%
to
$44.4
million.
Net
income
fell
98%
to
$52
thousand.
Interest
income
reflects
growth
in
receivables
held
for
investment.
Earnings
were
offset
by
a
higher
provision
for
credit
losses
and
lower
servicing
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Tommy Moore, Jr., 43 Chairman,
Pres, CEO | $316K | Joseph Pisano, 54 Sr.
VP and COO | 165K | Roberto Marchesini, Ph.D., 56 VP-Portfolio
Risk Management | -- | Bennie Duck, 36 VP,
Sec., Treasurer and CFO | 155K | Dollar amounts are as of 30-Apr-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|