Amscot Financial Opens 175th Branch in Ocala

Sep 13, 2011, 14:14 ET from Amscot Financial

TAMPA, Fla., Sept. 13, 2011 /PRNewswire/ -- Amscot Financial, a leading provider of convenient, consumer-oriented financial services, has surpassed a major milestone with the opening of its 175th branch in Ocala.

(Logo: http://photos.prnewswire.com/prnh/20060316/FLAMSCOTLOGO )

Founded in 1989, Amscot Financial has grown into a dominant provider of financial services across Central Florida, covering now 16 counties lying roughly along the Interstate 4 corridor. Amscot Financial serves more than 2 million customers per month and will conduct this year more than $7 billion worth of financial transactions.

The new branch in Ocala is located at 2594 Southwest College Road. Like most Amscot branches, it is located at a high-traffic intersection, convenient to a multitude of other business locations in Ocala. Also like other Amscot branches, the Ocala location will be open seven days a week, 365 days year. The hours are 7 a.m. to 9 p.m. Monday through Thursday and on Saturdays. On Fridays, the store remains open until 10 p.m. On Sundays, the hours are 10 a.m. to 8 p.m.

"We have found that our customers value convenience," said Amscot founder Ian MacKechnie. "They want to be able to conduct their financial transactions quickly and at times and places convenient to them."

Amscot's new Ocala branch initially will create about 10 jobs, MacKechnie said. Depending on the location's growth, it could generate as many as 20 total jobs for the Ocala area.

Amscot Financial is The Money Superstore™, offering an array of convenience-oriented financial services, including the cashing of personal checks, out-of-state checks and government checks. The company also offers small cash advances; Western Union wire transfers, notary services, pre-paid debit cards, free money orders and income tax preparation. Amscot Financial also allows customers to make bill payments to more than 200 different utilities, municipal governments, cable and telephone companies.

Amscot Financial employs more than 2,000 associates who work at the company's 175 retail branches and at the company's corporate headquarters in Tampa. The company currently operates retail locations in Hillsborough, Pinellas, Pasco, Hernando, Polk, Hardee, Highlands, Manatee, Sarasota, Orange, Osceola, Seminole, Lake, Volusia, Brevard and Marion counties.

About Amscot Financial

Headquartered in Tampa, Fla., Amscot Financial is a leading provider of income tax preparation and electronic filing services, refund anticipation loans, prepaid debit cards, check cashing services, cash advance services, bill payment services, money transfer services and money orders through its wholly owned division, Amscot International Money Order Company.  Amscot also offers the Amscot Card, a pre-paid debit card that allows owners to make purchases from any location that accepts MasterCard™. Amscot Financial currently operates 175 tax preparation offices and 175 retail financial service centers throughout Florida and employs more than 2,000 people. Amscot Financial has been recognized by the Tampa Bay Business Journal as one of Tampa Bay's Best Places to Work for four consecutive years. For additional information, please visit the company's Web site at www.amscot.com.

SOURCE Amscot Financial



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