Nicholas Financial

Westlake Portfolio Management Chosen to Service Nicholas Financial's $165M Loan Portfolio

Retrieved on: 
Friday, January 13, 2023
Professional Services, Business, Automotive, Other Automotive, Finance, Asset Management, Nicholas Financial, Partnership, WPM, Learning, Bank

Westlake Portfolio Management (“WPM”), a loan servicer located in Los Angeles, California, announces they have entered into a servicing partnership with Nicholas Financial, an auto and consumer loan finance company based in Clearwater, Florida.

Key Points: 
  • Westlake Portfolio Management (“WPM”), a loan servicer located in Los Angeles, California, announces they have entered into a servicing partnership with Nicholas Financial, an auto and consumer loan finance company based in Clearwater, Florida.
  • WPM will also handle the servicing for Nicholas Financial's new loan originations.
  • Nicholas has an excellent reputation in the industry and a very experienced and talented management team.
  • As their servicing partner, we can offer our scale and expertise which will allow Nicholas to optimize the productivity and performance,” says Todd Laruffa, Vice President of Westlake Portfolio Management.

Nicholas Financial Announces Extension of Chief Financial Officer's Employment Agreement

Retrieved on: 
Friday, July 22, 2022
NASDAQ, CFO, Smart contract, Car, GLOBE, Nicholas Financial, Company, Employment, Insurance

CLEARWATER, Fla., July 22, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) announced the extension of Irina Nashtatik's Employment Agreement as Chief Financial Officer (CFO) through June 30, 2024.

Key Points: 
  • CLEARWATER, Fla., July 22, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) announced the extension of Irina Nashtatik's Employment Agreement as Chief Financial Officer (CFO) through June 30, 2024.
  • The material terms of Ms. Nashtatiks Employment Agreement are disclosed in the Companys Form 8-K filed on the date thereof.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in both Southeastern and Midwestern U.S. States.
  • For an index of Nicholas Financial, Incs new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com .

Nicholas Financial Announces Appointment of Interim CEO

Retrieved on: 
Tuesday, May 10, 2022
Board, COVID-19, Weather, U.S. Securities and Exchange Commission, Mission statement, Department, Private Securities Litigation Reform Act, Car, Record, Failure, NASDAQ, GLOBE, Company, Legislation, Security (finance), Justice, Delinquent, Lists of disasters, Sale, Consumer Financial Protection Bureau, Justice minister, Nicholas Financial, SEC, Acquisition, Nature, Management

CLEARWATER, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) announced today the appointment of Michael Rost as interim Chief Executive Officer of the Company effective May 9, 2022.

Key Points: 
  • CLEARWATER, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) announced today the appointment of Michael Rost as interim Chief Executive Officer of the Company effective May 9, 2022.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in both Southeastern and Midwestern U.S. States.
  • Additionally, Nicholas Financial originates direct consumer loans (Direct Loans) and sells consumer-finance related products.
  • For an index of Nicholas Financial, Incs new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com.

Nicholas Financial’s Houston, Texas Grand Opening

Retrieved on: 
Thursday, January 13, 2022
State, Nicholas Financial, Man, Lone Star, NASDAQ, CEO, GLOBE, Â, Industry, Company, Car, Woman

The grand opening of our newest branch office in Houston, TX marks NFIs re-entry into the Texas market, commented Doug Marohn, president and CEO of Nicholas Financial.

Key Points: 
  • The grand opening of our newest branch office in Houston, TX marks NFIs re-entry into the Texas market, commented Doug Marohn, president and CEO of Nicholas Financial.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in primarily Southeastern and Midwestern U.S. States.
  • Additionally, Nicholas Financial originates direct consumer loans (Direct Loans) and sells consumer-finance related products.
  • For an index of Nicholas Financial, Incs new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com.

Nicholas Financial Enters into a New $175 Million Senior Secured Credit Facility

Retrieved on: 
Monday, November 8, 2021
Legislation, Mission statement, Delinquent, Record, Ares, Justice minister, Industry, Private Securities Litigation Reform Act, Economics, Security (finance), Asset-backed security, NASDAQ, CEO, Department, Failure, Investment, COVID-19, Lists of disasters, SOFR, Sale, Partnership, Acquisition, U.S. Securities and Exchange Commission, Company, GLOBE, Consumer Financial Protection Bureau, GAAP, SEC, Nature, Wells Fargo, Weather, Justice, Nicholas Financial, NFI, Bank

The prior credit facility pursuant to a credit agreement with Ares Agent Services, L.P. was paid off in connection with entering into this credit facility.

Key Points: 
  • The prior credit facility pursuant to a credit agreement with Ares Agent Services, L.P. was paid off in connection with entering into this credit facility.
  • Pursuant to the credit agreement, the lenders have agreed to extend to Nicholas Financial a line of credit of up to $175,000,000.
  • Additionally, in the quarter ending December 31, 2021, Nicholas Financial is planning to recognize approximately $1.9 million of expenses associated with the origination of its prior credit facility.
  • Management believes that the long-term cost benefits provided by the credit facility with Wells Fargo will outweigh this one-time, non-cash impact.

Nicholas Financial’s Boise, Idaho Grand Opening

Retrieved on: 
Friday, June 11, 2021
Nicholas Financial

We are very excited to continue our Western expansion with our first Idaho branch location, said Doug Marohn, president and CEO of Nicholas Financial.

Key Points: 
  • We are very excited to continue our Western expansion with our first Idaho branch location, said Doug Marohn, president and CEO of Nicholas Financial.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in primarily Southeastern and Midwestern U.S. States.
  • Additionally, Nicholas Financial originates direct consumer loans (Direct Loans) and sells consumer-finance related products.
  • For an index of Nicholas Financial, Incs new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com .

Nicholas Financial’s Salt Lake City Grand Opening

Retrieved on: 
Monday, March 8, 2021
Nicholas Financial, NASDAQ, Finance, Service companies, Money

CLEARWATER, Fla., March 08, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer announced today a grand opening celebration for our newest branch office in the Salt Lake City metropolitan area, located at 2273 West 7800 South, Suite #4, West Jordan, UT on March 10, 2021.

Key Points: 
  • CLEARWATER, Fla., March 08, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer announced today a grand opening celebration for our newest branch office in the Salt Lake City metropolitan area, located at 2273 West 7800 South, Suite #4, West Jordan, UT on March 10, 2021.
  • It is with great pleasure we welcome the Salt Lake City market to our branch network, said Doug Marohn, president and CEO of Nicholas Financial.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in primarily Southeastern and Midwestern U.S. States.
  • For an index of Nicholas Financial, Inc.s news releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com.

Nicholas Financial’s Milwaukee Grand Opening

Retrieved on: 
Monday, January 25, 2021
Nicholas Financial

CLEARWATER, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer announced today a grand opening celebration for our latest expansion branch office in Milwaukee, Wisconsin at 800 West Layton Avenue, Unit D on January 26, 2021.

Key Points: 
  • CLEARWATER, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer announced today a grand opening celebration for our latest expansion branch office in Milwaukee, Wisconsin at 800 West Layton Avenue, Unit D on January 26, 2021.
  • The opening of our Milwaukee, WI branch office marks our 3rd new expansion branch opening in as many months, commented Doug Marohn, president and CEO of Nicholas Financial.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in primarily Southeastern and Midwestern U.S. States.
  • For an index of Nicholas Financial, Incs new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com .

Nicholas Financial’s Columbia Grand Opening

Retrieved on: 
Friday, December 11, 2020
Nicholas Financial, Columbiana, NASDAQ, Finance, Service companies, Money

CLEARWATER, Fla., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer announced today a grand opening celebration for our newest branch office in Columbia, South Carolina at 800 Columbiana Drive, Suite 106 on December 16, 2020.

Key Points: 
  • CLEARWATER, Fla., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer announced today a grand opening celebration for our newest branch office in Columbia, South Carolina at 800 Columbiana Drive, Suite 106 on December 16, 2020.
  • We are excited to celebrate our renewed focus on expansion with the opening of our branch office in Columbia, South Carolina, said Doug Marohn, president and CEO of Nicholas Financial.
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch-based model with offices across the United States.
  • For an index of Nicholas Financial, Incs new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com .

Nicholas Financial, Inc. Announces New Company Logo and 35th Anniversary

Retrieved on: 
Wednesday, August 5, 2020
GlobeNewswire, NASDAQ OMX Group, Nicholas Financial, NASDAQ, Finance, Money, Financial markets

The refreshed image reflects Nicholas current renaissance and symbolizes its focus on the future as it proudly celebrates its 35th Anniversary.

Key Points: 
  • The refreshed image reflects Nicholas current renaissance and symbolizes its focus on the future as it proudly celebrates its 35th Anniversary.
  • We are excited to unveil our new logo and retire the world map logo that has represented our brand since 1985, said Doug Marohn, president and CEO of Nicholas Financial.
  • The new company logo is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/73ce79ea-0bf6-45d4-9...
    For more information on Nicholas, visit www.nicholasfinancial.com .
  • Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branches in both Southeastern and Midwestern U.S. states.