September 27, 2016 9:07 AM ET

Consumer Finance

Company Overview of Advance America, Cash Advance Centers Inc.

Company Overview

Advance America, Cash Advance Centers Inc. provides cash advance services primarily in the United States. The company offers cash advance services comprising cash advances and installment loans to middle-income working individuals; check-cashing services; pre-paid debit cards; and money orders and money transfer, and bill payment services as an agent of a licensed third-party money transmitter. As of December 31, 2011, it operated 2,541 centers in 29 states in the United States, 33 centers in the United Kingdom, and 10 centers in Canada, as well as had 13 limited licensees in the United Kingdom. The company operates its centers under the Advance America, National Cash Advance, Check Advance,...

135 North Church Street

Spartanburg, SC 29306

United States

Founded in 1997

6,465 Employees

Phone:

864-515-5600

Fax:

302-636-5454

Key Executives for Advance America, Cash Advance Centers Inc.

Chief Executive Officer, President and Director
Age: 50
Co-Founder and Chairman
Age: 59
Chief Financial Officer and Executive Vice President
Age: 52
Executive Vice President and Zone Director
Senior Vice President of North American Field Operations
Compensation as of Fiscal Year 2016.

Advance America, Cash Advance Centers Inc. Key Developments

American-Islamic Relations and Advance America Cash Advance Centers, Inc. Announce Settlement in Lawsuit over Religious Head Scarf

The Michigan chapter of the Council on American-Islamic Relations (CAIR-MI) and Advance America Cash Advance Centers Inc. announced that they had reached a settlement in CAIR-MI's federal lawsuit against Advance America. The lawsuit challenged a company security policy that required the temporary removal of any head covering for entry to Advance America centers; the nationwide policy enabled employees to identify customers before they entered a center. The lawsuit was filed after an Advance America employee asked a Muslim woman to temporarily remove her hijab in order to access an Advance America location to cash a money order. The agreement, the specific details of which remain confidential, includes a commitment by the company to modify its policy to allow a customer to enter an Advance America center without removing religious head covering, provided that the customer's face is visible for identification.

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Recent Private Companies Transactions

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

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