STAMFORD, Conn.--(BUSINESS WIRE)--April 22, 2003--GE Consumer Finance announced today that it has signed a seven-year extension of its agreement with Lowe's Companies, Inc., to continue to provide private label credit card services for the home improvement retailer's consumer and commercial customers.
We're thrilled to continue the 23-year relationship we've developed with the Lowe's team, said Mark Begor, President and Chief Executive Officer of GE Consumer Finance - Americas.
STAMFORD, Conn.--(BUSINESS WIRE)--April 14, 2003-- GE Distribution Finance Unit Signs Long-term Agreement Tire Centers, LLC ( TCI ) and GE Distribution Finance, the commercial arm of GE Consumer Finance, recently signed a multi-year agreement to provide a national TCI Business Revolving Charge program, offering credit options to qualifying commercial customers. The new program was launched April 1, 2003, at more than 150 TCI locations nationwide.
STAMFORD, Conn.--(BUSINESS WIRE)--March 5, 2003--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE), today announced it plans to acquire Conseco Finance Corp.'s sales finance unit with a bid valued at $310 million.
The acquisition includes private label credit card receivables and certain consumer installment and home improvement loan assets. The transaction, which is subject to regulatory and bankruptcy court approval, is anticipated to close in the second quarter of 2003.
STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 27, 2003--Hearth & Home Technologies and GE Distribution Finance, a unit of GE Consumer Finance, recently signed a five-year agreement to provide a national Inventory Finance Program, offering Hearth Distributors and Resellers revolving credit and display financing. The new program is being launched March 5, 2003, at the National Hearth, Patio & Barbecue (HPBA) show in Nashville, Tenn.
STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 17, 2003--GE Consumer
Finance, a top issuer of private label credit cards in North America, and Meijer Stores, one of the fastest-growing privately owned companies in the United States, announced today the launch of the company's first-ever private label credit card program.
The new Meijer card is being launched in Detroit and will soon be available in all of its 156 retail supercenters throughout the Midwest.
LONDON--(BUSINESS WIRE)--Feb. 4, 2003--GE Consumer Finance, the consumer credit services business of the General Electric Company (NYSE: GE), today announced it has agreed to acquire First National's secured and unsecured lending business from Abbey National plc for a consideration of (pound)848 million. This includes net assets of (pound)630 million and a premium of (pound)218 million. A further post-completion payment of up to (pound)42 million may be made to Abbey National, contingent on the performance of the lending book being acquired.
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 11, 2002--Pearle Vision and GE Consumer Finance have announced the launch of a national Pearle Vision private label credit card program, offering instant credit to Pearle Vision customers.
Approved cardholders can receive a 25-day grace period, no payments for 90 days, or no payments for six months, depending on the purchase amount.
The new program is being launched to 373 Pearle Vision corporate locations, and offered to the company's 410 franchise locations in December.
STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 19, 2002--GE Consumer Finance, a top issuer of private label credit cards in North America, and bebe stores, inc. (Nasdaq: BEBE), a specialty retailer that designs and sells contemporary women's clothing and accessories, announced today the launch of the company's first-ever private label credit card program.
HONG KONG--(BUSINESS WIRE)--Oct. 9, 2002--Dah Sing Bank this week announced its entry into the Corporate Payment Solutions market with two new charge card programs.
The new products, the Dah Sing MasterCard Corporate Card (Corporate Card) and Dah Sing MasterCard Corporate Purchasing Card (Corporate Purchasing Card), will help local and multinational corporations save money and improve financial management.
