Tommy A. Moore, Jr., President and CEO stated, "First Investors is pleased to have reached an agreement with our investors to purchase $12.5 million in common stock. He was promoted to his current position of Senior Vice President - Co-Chief Operating Officer in November 2005. Duck joined the Company in May 1996 in his current capacity. We believe that there are significant untapped growth opportunities for First Investors under Stellantis ownership as we expand our product suite to . For Over 34 Years Auto Finance Has Been Our Only Business. Under the terms of the renewal, the Company elected to reduce the commitment from $350 million to $300 million in light of its intent to access the term securitization market on a more frequent basis. Terms of the merger were not disclosed, but a portion of the proceeds from the transaction will serve to retire certain indebtedness of the Company and provide additional working capital to grow and expand the Company's lending businesses as well as to accelerate its portfolio acquisition capabilities and third-party servicing segment. Stellantis leverages its broad and iconic brand portfolio, which was founded by visionaries who infused the marques with passion and a competitive spirit that speaks to employees and customers alike. Copies of this press release and other information about the Company are available on the Company's web site at www.fifsg.com. Tommy A. Moore . Search our database of over 100 million company and executive profiles. This website is using a security service to protect itself from online attacks. At Stellantis Financial Services US, Tommy Moore has 11 colleagues including Blaise Rodon (Co-COO), Perry Sexton (CIO) Industry Colleagues In the Financial Services industry, Tommy Moore has 46,020 colleagues in 3,484 companies located in 106 countries. The statements contained in this release that are not historical statements of fact may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Its also been pretty exciting and incredible to see how this industry has evolved over the years. The subprime auto industry continues to perform extremely well, especially given the long run of growth since the end of the recession, and Tommys contributions over the years are certainly a leading reason why we continue to experience a robust industry, and also why his customers have such a high level of satisfaction year after year.. Press continue to keep your session alive. Find more info on AllPeople about Tommy A. Moore JR and First Investors Financial Services Group, Inc., as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. Edit Jobs Section. Stellantis to Acquire First Investors Financial Services Group as Key Step to Developing a Captive Financial Services Business in U.S. Market . Proceeds from the sale will be utilized by the Company to fund growth in its portfolio of automobile receivables and for general corporate purposes. Senior Vice President - Co-Chief Operating Officer. . ", Sy Jacobs, Founder and Managing Partner of JAM, said: "It is great to be working with Gallatin Point and the same management team I so admired and enjoyed working with during my 10 years on the board while the Company was publicly-traded.". The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. Mr. Fath is a Certified Public Accountant in the State of Ohio. Over 500 thousand customers financed (and counting) We are easy to do business with. Butler Company from 1994 to 1998. His previous experience includes middle market corporate finance and real estate construction and development finance. He was previously employed for 10 years by Bank of America in various capacities, most recently as Vice President of Corporate Finance where his responsibilities included corporate lending and capital market activities for both high yield and high grade clients. ", Matt Botein, Co-Founder and Managing Partner of Gallatin Point, said: "First Investors has an outstanding financial and operational track record and a distinguished reputation for how it conducts its business. 64.111.109.93 When hes not leading the team at First Investors Financial Services, Moore is heavily involved with some of his other passions. Mr. Satterfield joined First Investors in April 2011 in his current capacity. Meanwhile, we remain committed to continuing to offer our loans and services to our existing network of dealers and current business partners.. He was previously employed by GreenSky as the Vice President of Product Management over their digital experience and USAA as the Director of Product Management over Consumer Lending, Real Estate and the Car Buying Experience. Your IP: Prior to joining the Company, he served as a Network Administrator for several large organizations including the Center for Disease Control (CDC), BellSouth, and Lockheed Martin. AMSTERDAM, September 1, 2021 - . Since then, the company has taken on vehicle installment contracts delivered at its network of dealerships, offering a wide range of financing programs that generally target consumers with credit scores of 510 and greater, including a strong emphasis on consumers who have gone through a bankruptcy process. This company was incorporated about twenty-seven years, ago in August of 1995. CB Rank (Investor) 189,969. from 8 AM - 9 PM ET. Click to reveal In addition to the Groups rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date of this release. Read the Press Release. Founded in 1995, Jacobs Asset Management ("JAM") manages a long/short equity hedge fund and several other vehicles that seek to make long-term, high-return investments exclusively in financial services businesses. Mr. Miller is responsible for the companys digital strategy, digital roadmap and digital / marketing communications designed to drive an innovative, best in class customer and employee experience. FIRST INVESTORS FINANCIAL SERVICES GROUP INC /s/Tommy A. Moore, Jr. Tommy A. Moore, Jr. Chief Executive Officer: 2011-05-13: You can email the site owner to let them know you were blocked. But thats who I am. Kalfus will hand Moore his award during Auto Fin Con at Used Car Week. Our goal is to help you save money and obtain the Ive been doing this now for 30 years, and I dont think theres ever been a boring moment in those 30 years, he continued. Fundamental to our mission are our core values, Document, Refine, and Reengineer Systems, Processes, Practices and Services, Conduct Business in a Professional Manner with Honesty and Integrity, Provide a Safe, Productive, and Rewarding Work Environment, Develop and Maintain Profitable Relationships with Customers, Create a Clear, Sustainable Competitive Advantage, Embrace Innovation, Creativity and Change, Respect structure and reporting relationships yet ensure that organizational boundaries never become a barrier to success. Tommy Moore, Jr., President and CEO of First Investors, noted: "We are excited to join the Stellantis team. [email protected], Kevin FRAZIER This website is using a security service to protect itself from online attacks. Im very committed to Goodwill and helping people with a helping hand. For Washington Residents: Consumer Loan License # CL-128351. Cloudflare Ray ID: 7a17622d2a340dc7 Gallatin Point Capital LLC is a private investment firm with a primary focus on making investments in financial institutions, services, and assets. direct lending as well as portfolio acquisitions and third party servicing. The firm's approach is to identify opportunities that arise from complexity, dislocation, or changes in technology and regulation. We may be able to help you reduce your monthly payment. The Company also purchases receivables through portfolio acquisitions or from third party originators and performs third-party loan servicing for unaffiliated clients. Duck is responsible for all treasury, accounting, human resource, information technology, regulatory compliance and risk management activities of the organization. /PRNewswire/ -- First Investors Financial Services Group, Inc. (Pink Sheets: FIFS) announced today that it had named industry veteran David L. Satterfield to. [email protected], Tommy MOORE Mr. Satterfield is responsible for all marketing, credit underwriting, indirect funding and direct lending call center operations for the Company. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. +1 713 273 5114 The company also has a portfolio acquisition division, gathering performing, non-performing and charged-off portfolios. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: uncertainties as to whether the proposed transaction discussed in this document will be consummated or as to the timing thereof; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the risk that the businesses of the parties will be adversely impacted during the pendency of the proposed transaction; the ability of Stellantis to successfully integrate the Companys operations; business disruption following the transaction; the effect of the announcement of the transaction on the ability of the Company to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom the Company does business; the impact of the COVID-19 pandemic, the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; Stellantis ability to expand certain of their brands globally; its ability to offer innovative, attractive products; its ability to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the intense level of competition in the automotive industry, which may increase due to consolidation; exposure to shortfalls in the funding of Stellantis defined benefit pension plans; the ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the establishment and operations of financial services companies; the ability to access funding to execute Stellantis business plans and improve its businesses, financial condition and results of operations; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis vehicles; Stellantis ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis vehicles; developments in labor and industrial relations and developments in applicable labor laws; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters; and other risks and uncertainties. Find more info on AllPeople about Tommy A. Moore Jr and First Investors Corporation, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. First of all, this industry is never boring, Moore said in reply to being asked about what elements of the auto financing business he finds most exciting. Prior to joining First Investors, Mr. Berend was the SVP and Director of U.S. This is not about an individual. Mr. Miller joined the company in August of 2017 in his current capacity. First Investors is a specialized consumer finance company engaged in the origination and retention of automobile finance receivables originated from franchised automobile dealers and directly through consumers from the sale or refinance of new and late-model used vehicles. This person is appointed in First Investors Financial Services, Inc. Of Texas (Fn) as a PRESIDENT/CEO. Mr. Sexton joined First Investors April 1999 as a Network Administrator. 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