PROFILE |
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Benjamin Franklin was known for doling out sage financial advice to "common folk." Today, 1st Franklin Financial is known for doling out direct cash loans and real estate loans to everyday, working people; it also buys and services sales finance contracts from retailers. The firm operates through nearly 190 consumer finance offices in Alabama, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina. The company gets the majority of its revenues from loan finance charges, but it also earns revenues from investment securities and sells credit insurance. The family of Chairman and CEO Ben Cheek III owns over 90% of the company, which was founded in 1941.
COMPETITION |
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Citigroup Inc. (C)
First Union Corporation (FTU)
Household International, Inc. (HI)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 51.30
1-Yr. Sales Growth: 10.1%
Employees: 694
Revenue per employee: $73,919.31
KEY PEOPLE |
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Ben F. Cheek
CEO
A. Roger Guimond
CFO
CONTACT INFO |
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213 E. Tugalo St.
Toccoa, GA 30577
US
Phone: 706-886-7571
Fax: 706-282-0355
Online: Web Site
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