September 9, 2009:
Nicholas Financial, Inc. (Nasdaq, NICK) today announced the opening of a
new branch office located in Akron, Ohio. The new location continues the
Company's planned expansion of its branch office network, which now
includes, forty-nine (49) offices in Florida, Georgia, North Carolina,
South Carolina, Virginia, Ohio, Michigan, Maryland, Kentucky, Indiana,
Alabama and Tennessee. Each of the offices is a full-service lending and
collection facility. Nicholas employees have been working to develop
business in the Akron area for several months prior to the opening of
the new location.
The new Akron office is the
third (3rd) Nicholas Financial branch established in the greater
Cleveland area and the seventh in the state of Ohio. The Company
will continue to evaluate potential branch locations in both new
and existing markets. Nicholas Financial acquires and services
automobile and light truck installment sales contracts that it
purchases from over 1,500 new and used car dealers.
Inc. is one of the largest publicly traded specialty consumer
finance companies based in the Southeast. The Company presently
operates out of 49 branch locations in both the Southeast and the
Mid-West States. The Company has approximately 10,500,000 shares of
common stock outstanding. For an index of Nicholas Financial, Inc.ís
news releases or to obtain a specific release, visit our web site at
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