NEW YORK - (Business Wire) - American General Finance, Inc (American General Finance) wholly owned subsidiary of American International Group, Inc (AIG), today announced it has entered into an agreement with popular, Inc in acquire a significant portion of its shares in one of the consumer loan branch portfolio for $ 1.49 billion. Equity One is a diversified consumer lending institutions offer a full range of secured property, Home improvement and unsecured loan products. The transaction, which subject to approval by regulatory conditions and closing is expected to To close in early 2008.
"American General Finance business continues to perform quite and compared to many consumer lenders. This fact, combined with AIG in continued support, allows the company to take advantage of loan growth opportunities which meet our strategic objectives and our underwriting and return requirements, "said Frederick W." Rick "Geissinger, Chairman and CEO American General Finance. "One of the stocks in the portfolio complements our existing business, and we are pleased by an opportunity to increase the number of customers American General Finance has throughout the country. "
American General Finance, Inc, through its subsidiaries is involved in consumer finance and credit insurance business. Definite article The company, with headquarters in Evansville, Indiana, has assets of $ 27 billion and operates more than 1,550 offices in 45 states, the United Kingdom, Puerto Rico and the U. S. Virgin Islands. Products Services are provided by more than 2 million families. Company offers direct consumer loans and equity, retail sales financing, and other related credit products. American General Finance, Inc is a daughter company of American International Group, Inc
American International Group, Inc (AIG), world leader in the field Insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive in the world loss of property and life insurance networks of any insurer. In In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG general stock traded on the New York Stock Exchange, as well as reserve exchanges in Paris and Tokyo.
"American General Finance business continues to perform quite and compared to many consumer lenders. This fact, combined with AIG in continued support, allows the company to take advantage of loan growth opportunities which meet our strategic objectives and our underwriting and return requirements, "said Frederick W." Rick "Geissinger, Chairman and CEO American General Finance. "One of the stocks in the portfolio complements our existing business, and we are pleased by an opportunity to increase the number of customers American General Finance has throughout the country. "
American General Finance, Inc, through its subsidiaries is involved in consumer finance and credit insurance business. Definite article The company, with headquarters in Evansville, Indiana, has assets of $ 27 billion and operates more than 1,550 offices in 45 states, the United Kingdom, Puerto Rico and the U. S. Virgin Islands. Products Services are provided by more than 2 million families. Company offers direct consumer loans and equity, retail sales financing, and other related credit products. American General Finance, Inc is a daughter company of American International Group, Inc
American International Group, Inc (AIG), world leader in the field Insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive in the world loss of property and life insurance networks of any insurer. In In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG general stock traded on the New York Stock Exchange, as well as reserve exchanges in Paris and Tokyo.
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