Springleaf Financial Services was founded in 1920 as Interstate Finance Corporation, an underwriter of vehicle sales. Within a decade the company had started providing credit-related insurance.
In 1982 the company had 350 branches in 16 states and was acquired by AIG (American General Corporation).
The company serviced subprime mortgage loans until the real estate bust of 2008.
In 2010 Fortress Investment Group acquired 80% of the company and changed its name to Springleaf Financial Services, turning the company into a consumer finance company that provides personal loans to high-risk customers. Springleaf operates through 835 branches in 26 states.
Today OneMain trades publicly on the New York Stock Exchange under the ticker symbol OMF, is a member of the Russell 2000, is #886 in the Fortune 1000, has 5,000 employees, and had $3.658 million in revenue in 2018.
Springleaf Financial Services was founded in 1920 as Interstate Finance Corporation, an underwriter of vehicle sales. Within a decade the company had started providing credit-related insurance.
In 1982 the company had 350 branches in 16 states and was acquired by AIG (American General Corporation).
History
The company serviced subprime mortgage loans until the real estate bust of 2008.
In 2010 Fortress Investment Group acquired 80% of the company and changed its name to Springleaf Financial Services, turning the company into a consumer finance company that provides personal loans to high-risk customers. Springleaf operates through 835 branches in 26 states.
Today OneMain trades publicly on the New York Stock Exchange under the ticker symbol OMF, is a member of the Russell 2000, is #886 in the Fortune 1000, has 5,000 employees, and had $3.658 million in revenue in 2018.
