digplanet beta 1: Athena
Share digplanet:


Applied sciences






















Springleaf Financial
Traded as NYSELEAF
Industry Financial Services
Founded 1920
Headquarters Evansville, IN
Key people
Jay Levine (President & CEO)
Revenue IncreaseUS$523.8 Million (FY 2011)
DecreaseUS$(52.9 Million) (FY 2011)
Total assets DecreaseUS$17.5 Billion (FY 2011)
Total equity DecreaseUS$1.5 Billion (FY 2011)
Number of employees
Website Springleaf.com

Springleaf Financial, previously known as American General Finance, is a company whose primary business is consumer lending, credit insurance, and other credit related products. Its corporate headquarters are in Evansville, Indiana, with roughly 800+ branch locations in 26 states[1]. In 2010, the company became an 80% subsidiary of Fortress Investment Group.[2] On October 16, 2013, Springleaf held an IPO on the NYSE under the ticker symbol "LEAF",[3] at which time the company was valued at $1.68B[4]


The company began in 1920 as Interstate Finance Corporation to underwrite the sales of trucks and other vehicles. By 1929 the company had expanded to write credit-related insurance and start providing services outside of the Evansville area. In 1934 expanded across state lines by opening branches in Owensboro, Kentucky and Henderson, Kentucky.

Throughout the next couple of decades the company continued to grow and expand. In 1960 it went public on the Over-The-Counter Market. Three years later, in 1963, it started operating under the names of CrediThrift of America and CreditWay of America, and also began construction on a new headquarters building in Evansville. In 1969 the company was listed on the New York Stock Exchange.

In 1982 the company was acquired by American General Corporation (now known as AIG), and acquired General Finance with 350 branches in 16 states. Five years later, in 1988, the company acquired Manufacturers Hanover Consumer Services, which expanded the company to more than 1,400 branch offices in 40 states, Puerto Rico, and the Virgin Islands. That same year the company began operating under the name of American General Finance. In 2006, with continued growth, the company announced yet another expansion of its Evansville headquarters building and continued acquisitions of other financial services companies.

The 2007–2012 global financial crisis and the 2008–2012 global recession substantially hurt the company's financial performance. As of June 30, 2008, about 83 percent, or $7.7 billion, of its real estate loans were held by subprime borrowers. For 2008, American General Finance reported a loss of $1.3 billion.[5] As a result, over the next two years the company closed over 500 local branches and cut 500 positions, including 140 of their Evansville headquartered employees.[6][7]

In August 2010, Fortress Investment Group acquired 80% of the company and, in 2011, changed its name to Springleaf Financial Services.[5]


Springleaf employs an estimated 4,600 people (about 900 of which are at its Evansville headquarters).[8] Part of its services focuses on originating secured and unsecured consumer loans. This "branch network" segment purchases retail sales finance contracts, and provides revolving retail sales financing services. Through this, the company finances retail sales of consumer goods and services by retail merchants.


  1. ^ https://www.springleaf.com/about-us/careers/
  2. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=205346&p=irol-newsArticle_Print&ID=1501604&highlight
  3. ^ Springleaf Holdings Celebrates IPO on the NYSE, New York Stock Exchange, retrieved February 2, 2014 
  4. ^ Monks, Matthew, Fortress Wins Big in Turnaround of Subprime Lender Springleaf, Bloomberg.com, retrieved February 2, 2014 
  5. ^ a b "American General Finance sold to Fortress Investment Group". Courier & Press. 11 August 2010. Retrieved 15 June 2012. 
  6. ^ Shaw, Dan (12 November 2008). "American General Finance closes S. Green River branch". Courier & Press. Retrieved 15 June 2012. 
  7. ^ Shaw, Dan (6 May 2009). "Evansville's American General Finance cutting over 600 jobs, 150 offices". Indiana Economic Digest. Retrieved 15 June 2012. 
  8. ^ loansfast.com

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Springleaf_Financial — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
196 videos foundNext > 

Springleaf Financial Reviews

Read my exclusive in-depth review here: http://financialservicereviews.com/springleaf-financial-reviews/ springleaf financial reviews springleaf financial re...

Springleaf Financial: Your Billing Statement

Learn how to easily read your Springleaf billing statment. http://springleaf.com.

Personal Loans at Springleaf Financial Services - The Balancing Act

Do you have a written household budget? Chances are the answer is no. But, knowing where your money is going every month is an important part of planning for...

Springleaf Financial: "The Balancing Act" airing on Lifetime Television®

Springleaf appears on "The Balancing Act" airing on Lifetime Television® with ideas on how you can budget and still afford that great vacation.

Springleaf Financial: A Personal Website

Take a look around Springleaf Financial's website and mobile app and see lending made personal. http://springleaf.com.

Springleaf Financial: Work With Us

Join us in helping our customers bring their dreams to life while you realize your dream of a challenging and rewarding career. Visit http://spr.ly/6052q5uI ...

Ribbon Cutting Ceremony at Springleaf Financial

The McDowell Chamber of Commerce held a ribbon cutting ceremony for Springleaf Financial in Marion on August 10, 2011. In attendance from Springleaf Financia...

Springleaf Financial - Coos Bay

Springleaf Installment Loan

http://bit.ly/10ZmAaJ Springleaf Installment Loan Do you need extra funds? Yes, get me Cash now! With 90+ years in business, you know you can trust us I want...

Springleaf Financial Services Downers Grove, IL

Springleaf Financial Services Downers Grove, IL http://local.sfgate.com/b19944898/Springleaf+Financial+Services?type= personal loans, home loan, home mortgag...

196 videos foundNext > 

1494 news items

Evansville Courier & Press
Sun, 08 Feb 2015 10:22:19 -0800

Corporate partnerships are vital for Western Governors University Indiana, according to outreach coordinator Kyle Utter, because it helps “get the word out” about the state's online nonprofit university. Based in Indianapolis, WGU Indiana Chancellor ...
Daily Comet
Sat, 28 Feb 2015 04:11:15 -0800

Defendant: Amber B Fendley, Jeremy P Toups; Plaintiff: Springleaf Financial Services of LA Inc; ; $3,421; Entry#1471857 on 1/12/2015. • Defendant: Lawrence J Hebert; Plaintiff: Discover Bank; ; $2,249; Entry#1471859 on 1/12/2015. • Defendant: Duffy P ...

Statesman Journal

Statesman Journal
Thu, 26 Feb 2015 10:11:15 -0800

Springleaf Financial Services, Inc. vs. Fatima Vazquez, Fatima D. Vazquez Madriz. Crown Property Management vs. Robert Simmons, all others. Crown Property Managment vs. Adam Birdsell, all others. IPMG Inc. vs. Brenda Pena, Jose Guzman. IPMG Inc. vs.
Wed, 01 Oct 2014 10:03:51 -0700

EVANSVILLE, Ind., Oct. 1, 2014 /PRNewswire/ -- Springleaf Financial LEAF, +12.88% one of the nation's largest and most respected personal lenders, has compiled a list of the eight steps people often fail to follow in managing their money: About ...
Fri, 13 Feb 2015 10:45:00 -0800

ST. JOHN THE BAPTIST PARISH Real estate transfers filed Jan. 19-30, 2015. LAPLACE Elmwood Drive 308: Springleaf Financial Services of Louisiana Inc. f/k/a American General Financial Services of Louisiana Inc. to Simeko J. Revador Johnson, $61,215.
The Financial Brand
Sun, 22 Feb 2015 21:07:40 -0800

Over 40% of Americans are living paycheck to paycheck, according to a report from Springleaf Financial, a consumer finance company. The findings apply to people across all education and salary levels. The study discovered that 24% of consumers have ...
Seeking Alpha (registration)
Thu, 02 Oct 2014 09:01:48 -0700

Springleaf Financial (LEAF -1.4%) has held discussions with bankers about financing a potential purchase of OneMain Financial, Citigroup's (C -0.7%) subprime consumer lender, reports the WSJ. Perhaps trying to move things along, Citi two weeks ago let ...
Business Wire (press release)
Wed, 05 Nov 2014 04:22:30 -0800

EVANSVILLE, Ind.--(BUSINESS WIRE)--To underscore its dedication to responsible lending, Springleaf Holdings (NYSE:LEAF) today introduced its Customer Commitment, including a “Borrower's Bill of Rights.” This set of affirmative statements is now ...

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight