In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. Becoming part of Stellantis provides long-term stability for our company and employees. /PRNewswire/ -- First Investors Financial Services Group, Inc. (Pink Sheets: FIFS) announced today that it had named industry veteran David L. Satterfield to. 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. Your IP: 1-866-834-2604 Mon-Fri: 8 am - 6 pm EST FAQs Check out our FAQs for the quick answers you need. Bloomberg Daybreak Middle East. Tommy Moore Jr. initially thought what sprouted to be First Investors Financial Services would just be a sideline business in auto finance. Houston Search Background Check First Investors Financial Services Inc Business Data 5757 Woodway Dr #400, Houston, TX 77057, USA, Texas (713) 977-2600 jonthan.poss@fifsg.com www.fifsg.com AllBiz Business Profile Search Background Check 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. Overview. Your IP: Your IP: 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. One is exercise. Online Bill Pay. First Investors understands that bad things happen to good people. 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. Beaming as proudly as parents might about their childrens successes, Moore praises the efforts of the entire staff at First Investors Financial Services. 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. The Company also purchases receivables through portfolio acquisitions or from third party originators and performs third-party loan servicing for unaffiliated clients. We believe that there are significant untapped growth opportunities for First Investors under Stellantis ownership as we expand our product suite to support the auto sales growth of Stellantis. Mr. Fath served in the U.S. Army from 1986 to 1992 and received his Bachelor of Science in Accounting from the Ohio State University. ", 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.". Performance & security by Cloudflare. Moore mentioned that hes completed 13 marathons and 25 triathlons. Its really been exciting to see how this industry has evolved to a mainstay, a normal part of the auto finance industry, Moore went on to say. Butler Company from 1994 to 1998. He also served for a time, as manager of a leasing company owned by a Houston automobile dealership. Prior to organizing the Company, Mr. Moore was employed in commercial banking in Houston, Texas where his responsibilities included retail and commercial lending. Ive got an incredible team that weve put together thats been here for a long time. First Investors Contact: Bennie H. DuckTelephone: (713) 273-5116, Gallatin Point Contact: Bridget ColeTelephone (203) 742-0209, JAM Contact: Ryan ZachariaTelephone (212) 271-5126, View original content:http://www.prnewswire.com/news-releases/fifs-holdings-corp-and-first-investors-financial-services-group-announces-closing-of-merger-301201063.html, Plus500. Carlos Tavares, CEO of Stellantis, said: This transaction marks a significant milestone in Stellantis sales finance strategy in the critical U.S. market. Kalfus will hand Moore his award during Auto Fin Con at Used Car Week. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Transaction is expected to close by the end of 2021, subject to customary closing conditions and regulatory approvals. In June 2005, he assumed the position of Director-Information Technology and now occupies his current role of Chief Information Officer. 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. Mr. Satterfield has over 20 years experience in automobile lending. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. There are 42 other people named Tommy Moore on AllPeople. 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. Self-service account management tools. Prior to joining First Investors, Mr. Berend was the SVP and Director of U.S. The second closing is expected to occur in November, 2011 and will cover the remaining 1,000,000 shares for gross proceeds of $7.5 million. Found 52 colleagues at First Investors Financial Services Group, Inc.. Duck is responsible for all treasury, accounting, human resource, information technology, regulatory compliance and risk management activities of the organization. Its like my second job, Moore said of his Goodwill activities. 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. First Investors Servicing Corporation Active 7 Chief Executive Officer Excel Connections for Tommy Moore. Its virtually my child.. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Duck joined the Company in May 1996 in his current capacity. There are 40 other people named Tommy A. Moore Jr. on AllPeople. The NMLS Identifier # for Prior to joining First Investors, Mr. Fath served as Manager, General Accounting for The W.A. Tommy Moore, Jr., President and CEO of First Investors, noted: "We are excited to join the Stellantis team. Jobs. Stellantis to Acquire First Investors Financial Services Group as Key Step to Developing a Captive Financial Services Business in U.S. Market . valerie.gillot@stellantis.com, Kevin FRAZIER The action you just performed triggered the security solution. Its all about the team, Moore said. Our mission is to sustain a long-term business model that will reward our employees, shareholders, customers, vendors and community. Used Car Week 2016 in Las Vegas. 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. Other companies Mr. Miller has worked for include Perot Systems, Advanced Fibre Communications and the United States Army. 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. Wells Fargo Securities LLC served as exclusive financial advisor and Goodwin Procter LLP acted as legal advisor to Gallatin Point and the investor group. HOUSTON, May 13, 2011 /PRNewswire/ -- First Investors Financial Services Group, Inc. (Pink Sheets: FIFS) announced today that it had entered into a definitive binding agreement with certain accredited investors to sell 1,666,667 shares of common stock to the investors at $7.50 per share. This company was incorporated about twenty-seven years, ago in August of 1995. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date of this release. Mr. Fath is a Certified Public Accountant in the State of Ohio. More information about Gallatin Point can be found at www.gallatinpoint.com. Press continue to keep your session alive. Mr. For Washington Residents: Consumer Loan License # CL-128351. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 192.186.135.58 I can say Ive not worked much my entire life because if you find something you love to do, you never work another day in your life. Its not just giving a handout. Cloudflare Ray ID: 7a1762029ea732e8 First Investors has created a unique business model that encompasses indirect and Senior Vice President and Chief Digital Officer. . or concern that you would like for us to review, please submit it as follows: First Investors Attn: Compliance Department 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. Read the Press Release. He was promoted to Director of Finance and Corporate Controller in July 2003. In 2000, he was promoted to IT Operations Manager with responsibility for all computer systems, data communications and telecommunication networks for the organization. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. Mr. Miller joined the company in August of 2017 in his current capacity. + 33 6 83 92 92 96 The Company is headquartered in Houston, Texas and has been in business for 32 years. This is truly about the team. 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. Found 34 colleagues at First Investors Financial Services Group, Inc.. Furthermore, Moore is greatly involved with Houston-area Goodwill, a non-profit organization strives to enhance the dignity and quality of life of individuals and families by helping people reach their full potential through education, skills training and the power of work. Im very committed to Goodwill and helping people with a helping hand. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Your IP: Tommy Moore, Jr., President and CEO of First Investors, noted: "We are excited to close the merger transaction which will allow the management team to resume its strategy of prudently growing organic originations in business segments that provide us with attractive risk-adjusted returns while strategically looking for opportunities to expand our lending partnerships, pursue portfolio acquisition opportunities, and establish third-party servicing relationships. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. 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 Tommy Moore Active Houston, TX President for First Investors Servicing Corporation Overview 14 Companies 62 Connections 5 Locations Contribute Follow Tommy Moore Overview Tommy Moore has been associated with fourteen companies, according to public records. 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. FIRST INVESTORS FINANCIAL SERVICES GROUP INC /s/Tommy A. Moore, Jr. Tommy A. Moore, Jr. Chief Executive Officer: 2011-05-13: A connection is made when two people are officers, directors, or . Live from Dubai, connecting Asian markets to the European opens. The Company undertakes no obligation to revise or update publicly any such forward-looking statements for any reason. Edit Jobs Section. While Moore thinks he might not be detected much, First Investors Financial Services certainly is part of the auto finance and dealership worlds. 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. Environmental Stewardship of Manufacturing Operations. Based on our data team's research, Thomas A Moore Jr "Tommy" is the First Investors Financial Services Group, Inc.'s CEO. 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. We have recently begun expanding our sales staff to support the expansion of our market presence and dealer base, and are looking forward to what we believe will be an exciting fiscal 2012.". 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. When typing in this field, a list of search results will appear and be automatically updated as you type. SOURCE First Investors Financial Services Group, Inc. Cision Distribution 888-776-0942 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. 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. Moore reiterated many times how the success First Investors Financial Services has posted stems from its workforce. The investors include JAM Special Opportunities Fund II, a private equity fund controlled by Seymour Jacobs, a director of the Company and other affiliated investors. Tommy Moore, Jr., President and CEO of First Investors, noted: We are excited to join the Stellantis team. 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. Mr. Moore serves as President and Chief Executive Officer of First Investors which he co-founded in 1989. Performance & security by Cloudflare. Mr. Back when I started this company, there wasnt much of an industry. I spend a tremendous amount of my time with that organization.. Stellantis is the only major OEM currently operating in the U.S. without a captive auto finance company. Save . 216.177.141.39 Search our database of over 100 million company and executive profiles. First Investors Financial Services Group, Inc. has 150 employees, of which 3 are in a leadership position. View Tommy Moore's profile for company associations, background information, and partnerships. The Company specializes in lending to consumers with impaired credit profiles. Number of Current Jobs 1. Stellantis closes previously announced acquisition of First Investors Financial Servicing Group. Moore formed First Investors Financial Services back in 1988 to serve the special finance needs of dealers and consumers. Performance & security by Cloudflare. Its not much to do about me. Senior Vice President - Co-Chief Operating Officer. First Investors is easy to do business with. The First Investors management team is fully committed to ensuring a smooth and rapid integration into Stellantis. 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. More information about JAM can be found at www.jampartners.com. 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. 22,272 executive movements have been recorded in the last 12 months. Senior Vice President - Chief Information Officer. "Enhancing customer. Gallatin Point aims to form highly collaborative partnerships with its investors and with management teams of its portfolio companies, seeking to combine the right capital with the right managerial competencies in order to maximize the outcome for all stakeholders. 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. There are 48 other people named Tommy A. Moore Jr on AllPeople. Tommy A. Moore . This website is using a security service to protect itself from online attacks. There are 44 other people named Tommy A. Moore JR on AllPeople. First Name Middle Name; Moore: Tommy: A. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2023 by Cherokee Media Group All rights reserved. First Investors is JSOV's second investment. lowest monthly payment possible! 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. Gender Male; Mr. Moore serves as President and Chief Executive Officer of First Investors which he co-founded in 1989. This communication contains forward-looking statements. The NMLS Identifier # for 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. 64.111.109.93 Cloudflare Ray ID: 7a1762394eeae12f Any such forward-looking statements involve a number of risks and uncertainties. Your session is about to expire. bennie.duck@fifsg.com. Its about the members.. Tommy Moore, Jr., President and CEO of First Investors, noted: "We are excited to close the merger transaction which will allow the management team to resume its strategy of prudently growing . 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. Mr. Satterfield is responsible for all marketing, credit underwriting, indirect funding and direct lending call center operations for the Company. 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. He highlighted that there are 26 members on the senior management team who on average have been with the company for 16 years. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Prior to joining First Investors, Mr. Satterfield served as Senior Vice President, Dealer Channel Originations for Triad Financial where he was responsible for managing indirect originations, credit underwriting, funding and dealer channel marketing. The company also has a portfolio acquisition. Performance & security by Cloudflare. . Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. 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.. 52 colleagues at First Investors, mr. 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