Proceeds from the sale will be utilized by the Company to fund growth in its portfolio of automobile receivables and for general corporate purposes. HOUSTON, Jan. 5, 2021 /PRNewswire/ -- FIFS Holdings Corp., parent company to First Investors Financial Services Group ("First Investors" or the "Company"), today announced that the acquisition of the Company by funds affiliated with Gallatin Point Capital ("Gallatin Point") and minority investor Jacobs Asset Management ("JAM") closed on December 31, 2020 following receipt of all required consents and regulatory approvals. I spend a tremendous amount of my time with that organization.. /PRNewswire/ -- First Investors Financial Services Group, Inc. (Pink Sheets: FIFS) announced today that it had entered into a definitive binding agreement with. Mr. Moore serves as President and Chief Executive Officer of First Investors which he co-founded in 1989. There are 44 other people named Tommy A. Moore JR on AllPeople. Ardea Partners LP served as exclusive financial advisor and Goodwin Procter LLP as legal advisor to Gallatin Point and the Company. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Stellantis is the only major OEM currently operating in the U.S. without a captive auto finance company. 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. The firm's approach is to identify opportunities that arise from complexity, dislocation, or changes in technology and regulation. Tommy A. Moore, Jr. President and CEO. Performance & security by Cloudflare. 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. Always willing to work with customers - solving any financial issues that may arise. The purchases will occur in two tranches, the first of which closed today and covered 666,667 shares and gross proceeds of $5 million. His career in auto finance started in 2000 leading to risk management leadership roles at AmeriCredit, Triad Financial and Exeter Finance, as well as operating an independent sub-prime auto finance company from 2010 to 2014. Indirect Auto Lending for BBVA Compass. Mr. Rodon joined the Company in February 2000 as Director of Operations with primary responsibility for all loan servicing and collection activities. Becoming part of Stellantis provides long-term stability for our company and. Over 500 thousand customers financed (and counting) We are easy to do business with. Tommy A. Moore, Jr. President and CEO Blaise G. Rodon Senior Vice President - Co-Chief Operating Officer Perry A. Sexton Senior Vice President - Chief Information Officer Ryan S. Miller Senior Vice President and Chief Digital Officer Bennie H. Duck Executive Vice President and Chief Financial Officer David L. Satterfield For Over 34 Years Auto Finance Has Been Our Only Business. Importadora de alimentos y bebidas al por mayor tissot ballade 1853 sapphire crystal; industrial slide out shelf. 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. Its not just giving a handout. In 2000, he was promoted to IT Operations Manager with responsibility for all computer systems, data communications and telecommunication networks for the organization. On behalf of everyone at Black Book, we wish to congratulate Tommy Moore Jr. on receiving the award of Subprime Auto Finance Executive of the Year from Cherokee Media Group, said Jared Kalfus, who is senior vice president of sales and marketing at Black Book Lender Solutions. 64.111.109.93 (Podcast), Former President/CEO/Co-Founder, First Investors Finl Svcs Grp. Press continue to keep your session alive. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis financial results, is included in Stellantis reports and filings with the U.S. Securities and Exchange Commission, AFM, and CONSOB. Tommy Moore, First Investors Finl Svcs Grp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg The Open Jonathan Ferro drives you through the market moving events from around. Such forward-looking statements may often be, but are not always, identified by the use of such words such as "intends", "anticipates", or "proposes, or by statements that certain actions, events or results "may" or "will" be taken, occur or be achieved, and may include statements about future operations and the anticipated timing for any proposed actions. There are 40 other people named Tommy A. Moore Jr. on AllPeople. tommy.moore@fifsg.com, Bennie DUCK There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Performance & security by Cloudflare. The First Investors management team is fully committed to ensuring a smooth and rapid integration into Stellantis. Summary. Direct ownership of a finance company in the U.S. is a white-space opportunity which will allow Stellantis to provide our customers and dealers a complete range of financing options, including retail loans, leases, and floorplan financing in the near-to-medium term.. 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.. Customer Service Agents ready to answer your questions. Stellantis aspires to become the greatest, not the biggest while creating added value for all stakeholders as well as the communities in which it operates. This website is using a security service to protect itself from online attacks. Executive Vice President and Chief Financial Officer. Jobs. or concern that you would like for us to review, please submit it as follows: First Investors Attn: Compliance Department Its all about the team, Moore said. ", 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.". +1 248 821 8507 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Im incredibly proud of the company, he said. AMSTERDAM - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (Stellantis)today announced it has entered into a definitive agreement to acquire F1 Holdings Corp., parent company to First Investors Financial Services Group (First Investors, or the Company), a leading independent auto finance company in the United States of America, in an all cash transaction for approximately $285 million, subject to adjustments for closing balance sheet and certain outstanding options (the Transaction) from an investor group led by Gallatin Point Capital LLC (Gallatin Point) and including affiliates of Jacobs Asset Management, LLC. Mr. Satterfield is responsible for all marketing, credit underwriting, indirect funding and direct lending call center operations for the Company. Why? Your session is about to expire. valerie.gillot@stellantis.com, Kevin FRAZIER Any such forward-looking statements involve a number of risks and uncertainties, and the actual results of future events could differ materially from those stated in any forward-looking statements herein. Tommy MOORE: +1 713 273 5114 - tommy.moore@fifsg.com Bennie DUCK: +1 713 273 5116 - bennie.duck@fifsg.com: www.fifsg.com : The Company also purchases receivables through portfolio acquisitions or from third party originators and performs third-party loan servicing for unaffiliated clients. The executive management team, with an average tenure of 17 years with the Company, is expected to remain in place. First Investors is easy to do business with. This is not about an individual. First Investors has an outstanding financial and operational platform, underpinned by a strong management team, with vast experience in the auto finance space. 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. According to the news release, the First Investors executive management team with an average tenure of 18 years in the financial industry is expected to remain in place. Moore will have to have a hand out at least for a few moments when he is given the Subprime Auto Finance Executive of the Year Award during Used Car Week, which starts on Nov. 13 in Palm Springs, Calif. Moore joins past recipients, who include Bill Jensen of Chase Auto Finance, Ian Anderson ofWestlake Financial Services, Dan Ulatowski of Credit Acceptance and Ozzie Ramos of National Auto Lenders. Tommy A. Moore . The statements contained in this release, which are not historical statements of fact, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A captive U.S. finance company will enhance the ownership experience and connectivity in the digital age for customers who purchase its award-winning Jeep, Ram, Dodge, Chrysler, Fiat and Alfa Romeo vehicles, and provide future opportunities to enable emerging business strategies. View Tommy Moore's profile for company associations, background information, and partnerships. First Investors understands that bad things happen to good people. Its a pretty simple answer for me. For the fiscal year ended April 30, 2011, we increased new loan originations by 182%, to $143.2 million, compared to the prior year period, We recently announced a great addition to our executive management team, David Satterfield, who will be responsible for overseeing our growth going forward from a marketing and credit perspective. Mr. Sexton joined First Investors April 1999 as a Network Administrator. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Environmental Stewardship of Manufacturing Operations. Its virtually my child.. I just thought it was going to be a sideline business. Tommy Moore Current Workplace First Investors Financial Services Location 5757 Woodway Dr Ste 400, Houston, Texas, 77057, United States Description Read More Industry Banking Finance Discover more about First Investors Financial Services Tommy Moore Work Experience and Education Work Experience President & Chief Executive Officer Ive been doing this now for 30 years, and I dont think theres ever been a boring moment in those 30 years, he continued. Cloudflare Ray ID: 7a17620d590382c0 And now the industry is praising Moore, as well, as he was named this years winner of the annual Subprime Auto Finance Executive of the Year Award, which is again sponsored by Black Book Lender Solutions. Its like my second job, Moore said of his Goodwill activities. You can email the site owner to let them know you were blocked. The Company also announced that it had reached an agreement with its warehouse lender to extend its warehouse credit facility to August 2012. Becoming part of Stellantis provides long-term stability for our company and employees. When hes not leading the team at First Investors Financial Services, Moore is heavily involved with some of his other passions. 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. Its a pretty exciting industry. Its not much to do about me. The Company is an auto finance company engaged in originating and holding for investment automobile finance receivables and promissory notes originated by franchised automobile dealers or through refinancing transactions with the vehicle owners. He also served for a time, as manager of a leasing company owned by a Houston automobile dealership. To be the preeminent leader in the automobile finance industry by focusing on solid fundamentals and superior and sustainable shareholders returns - without compromising quality. Cloudflare Ray ID: 7a1762029ea732e8 lossless and lossy compression examples lowest monthly payment possible! The Company specializes in lending to consumers with impaired credit profiles. Ive got an incredible team that weve put together thats been here for a long time. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Legal tools for community businesses and nonprofits. Its life-changing through the power of work. In 2020, JAM launched JAM Special Opportunity Ventures ("JSOV") to forge partnerships with top management teams, innovators and asset managers in the financial services industry. Stellantis Financial Services, Inc. d/b/a First Investors Financial Services is NMLS-128351 and the consumer access link may be accessed at the following web site: http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/128351, Over 500 thousand customers financed (and counting), Always willing to work with customers - solving any financial issues that may arise, We are flexible - offering multiple payment options, Customer Service Agents ready to answer your questions. More information about JAM can be found at www.jampartners.com. Your IP: 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. tommy moore jr first investorsamerican eagle athletic fit shirts. Stellantis is one of the worlds leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions. Duck joined the Company in May 1996 in his current capacity. bennie.duck@fifsg.com. 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. Gender Male; Mr. Moore serves as President and Chief Executive Officer of First Investors which he co-founded in 1989. 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