December 04, 2016 2:23 PM ET

Consumer Finance

Company Overview of 1st Franklin Financial Corporation

Company Overview

1st Franklin Financial Corporation, a consumer finance company, originates and services direct cash loans, real estate loans, and sales finance contracts in the southeastern United States. The company purchases sales finance contracts from various retail dealers. It also writes optional credit insurance, including credit life insurance, credit accident and health insurance, and credit property insurance as an agent for a non-affiliated insurance company. In addition, it is involved in the making of first and second mortgage real estate loans. As of December 31, 2015, the company operated business through a network of 111 branch offices in Georgia, 39 in Alabama, 44 in South Carolina, 36 in M...

135 East Tugalo Street

P O Box 880

Toccoa, GA 30577

United States

Founded in 1941

1,269 Employees

Phone:

706-886-7571

Key Executives for 1st Franklin Financial Corporation

Chief Executive Officer, President and Member of Executive Compensation Committee
Age: 52
Chief Financial Officer, Chief Accounting Officer, Executive Vice President, Director and Member of Executive Compensation Committee
Age: 61
Executive Vice President and General Counsel
Age: 55
Treasurer, Secretary and Vice President of Investment Center
Age: 58
Executive Vice President of Human Resources and Member of Executive Compensation Committee
Age: 61
Compensation as of Fiscal Year 2016.

1st Franklin Financial Corporation Key Developments

1st Franklin Financial Corporation Announces Cessation of J. Michael Culpepper as Executive Vice President and Chief Operating Officer

Effective June 3, 2016, 1st Franklin Financial Corporation has ceased its employment relationship with J. Michael Culpepper, who had been serving as the company's Executive Vice President and Chief Operating Officer.

1st Franklin Financial Corporation Announces Management Changes, Effective January 1, 2015

On December 4, 2014, 1st Franklin Financial Corporation announced the changes to the Company's Executive Management Team. Effective January 1, 2015, Mrs. Virginia C. Herring will be promoted to Chief Executive Officer in addition to retaining her current position as President. Mr. Ben F. Cheek, IV, currently Vice Chairman, will be promoted to Chairman of the board of directors. Current Chairman and CEO Mr. Ben F. Cheek, III will assume Mr. Cheek, IV's previous role as Vice Chairman of the board of directors.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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