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Nicholas Financial Announces the Opening of New Branch Office in Columbus, Ohio

December 11, 2008 | About:
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Press Release: Nicholas Financial Announces the Opening of New Branch Office in Columbus, Ohio

Nicholas Financial provides specialty consumer finance products through its 31 branch offices located throughout the eastern United States. Nicholas Financial Inc. has a market cap of $23.72 million; its shares were traded at around $2.58 with a P/E ratio of 3.7 and P/S ratio of 0.47. Nicholas Financial Inc. had an annual average earning growth of 11.3% over the past 10 years. GuruFocus rated Nicholas Financial Inc. the business predictability rank of 5-star.

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Press Release:



CLEARWATER, Fla., Dec. 11 /PRNewswire-FirstCall/ -- Nicholas Financial,Inc. (Nasdaq: NICK), today announced the opening of a new branch officelocated in Columbus, Ohio. The new location continues the Company's plannedexpansion of its branch office network, which now includes, forty-eight (48)offices in Florida, Georgia, North Carolina, South Carolina, Virginia, Ohio,Michigan, Maryland, Kentucky, Indiana, Alabama and Tennessee. Each of theoffices is a full-service lending and collection facility. Nicholas employeeshave been working to develop business in each area for several months prior tothe opening of the new locations. The new office is the second Nicholas Financial branch established in theColumbus area and the sixth in the state of Ohio. The Company will continue toevaluate potential new branch locations in both new and existing markets.Nicholas Financial acquires and services automobile and light truckinstallment sales contracts that it purchases from over 1,400 new and used cardealers. Founded in 1985, with current assets of $197,367,000, Nicholas Financial,Inc. is one of the largest publicly traded specialty consumer financecompanies based in the Southeast. The Company presently operates out of 48branch locations in both the Southeast and the Mid-West States. The Companyhas approximately 10,300,000 shares of common stock outstanding. For an indexof Nicholas Financial Inc.'s news releases or to obtain a specific release,visit our web site at www.nicholasfinancial.com.


Source: PRNewsWire

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Rating: 3.0/5 (2 votes)

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