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Lendmark Financial Services, Inc. · Covington, GA United States

Company Description

2118 Usher St.
Covington, GA
30014
United States (Map)
Phone: 678-625-6500
Fax: 678-625-6515

    Lendmark Financial Services is a subsidiary of southeastern banking bigwig BB&T. The company provides consumer, auto, and nonconforming or subprime mortgage loans to customers who do not meet its parent company's lending requirements. Launched in the mid-1990s to serve clients in Georgia who couldn't qualify for loans through traditional channels, Lendmark Financial Services today operates more than 100 branches in about 10 eastern states ranging from Delaware to Florida. It became a subsidiary of BB&T in 2000 when its former parent, First Liberty Bank, was acquired by the financial services concern. To read the full description, subscribe now.

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    Key Lendmark Financial Services, Inc. Financials

    Company TypeSubsidiary

    Single Location
    Fiscal Year-EndDecember

    Lendmark Financial Services, Inc. Executives

    5 executives listed for Lendmark Financial Services, Inc.'s Covington, GA location.
    TitleName & BioContact
    President and CEORobert AikenNetwork
    SVP Branch OperationsJoe BurgamyNetwork
    CFOWayne TaylorNetwork

    Competition

    Competitive Landscape for Lendmark Financial Services, Inc.
    Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.
    Top Lendmark Financial Services, Inc. Competitors
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