FOR
IMMEDIATE RELEASE
Contact:
Samantha
Conforti
FinCo
(908)-783-2895
(609)-555-0525
FinCo Completes Merger with Financial Boutique
BALA CYNWYD, Pa., February
2008—Public Fortune 1000 company, FinCo is announcing their acquisition of a
smaller privately held competitor, Financial Boutique, to be completed at the
end of February.
Financial
Boutique is an attractive purchase for FinCo executives because of its
background in providing mortgages to people who qualify for affordable housing
programs. The merger will increase and complement FinCo’s capabilities and
product offerings, as they currently do not offer assistance in that area.
“My
executive team and I are enthusiastic about the acquisition,” said FinCo CEO
and President Bill Smith. “We are looking forward to expanding our services and
making our company more accessible to customers.”
When
the merger is complete Financial Boutique CEO Jack Collins will retire from the
company, as current FB Vice President Margaret Jones stays on to help run the affordable
housing division, reporting directly to Smith.
FinCo
has 2,500 employees with offices in Bala Cynwyd, Pa., New York, San Francisco,
Arlington, Va., and Dallas. The company provides a range of financial services,
but its biggest business is mortgages. Financial Boutique has 600 employees with
offices in Denver and Greensboro, S.C.
For
additional information or a sample copy, Contact: Samantha Conforti
(908)-783-2895, confortis@rider.edu.
###
No comments:
Post a Comment