HOUSTON, April 13, 2011 /PRNewswire/ -- First Investors Financial Services Group, Inc. (Pink Sheets: FIFS) announced today that it had named industry veteran David L. Satterfield to the new position of Senior Vice President – Marketing and Originations and Co-Chief Operating Officer. In his role, Mr. Satterfield will be responsible for both direct and indirect marketing, credit underwriting, funding and direct call center operations for the Company.
Prior to joining First Investors, Mr. Satterfield held senior leadership positions at Triad Financial, CitiFinancial Auto, Auto One Acceptance and Bank of America. He brings over 20 years experience in automobile lending and marketing to First Investors, where he will serve as a member of the Company's executive management team.
Tommy A. Moore, Jr., President and CEO stated, "We are excited to have David as part of the First Investors executive management team. His background in both marketing and credit provides First Investors with additional depth and expertise as we look to grow both our indirect and direct business while continuing to adhere to the sound credit fundamentals that have always been a hallmark of First Investors."
First Investors is a specialized consumer finance company engaged in the origination and retention of automobile finance receivables originated from franchised automobile dealers and directly through consumers from the sale or refinance of new and late-model used vehicles. The Company is headquartered in Houston, Texas and licensed or exempt from license in 37 states.
The statements contained in this release, which are not historical statements of fact, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve a number of risks and uncertainties. The actual results of future events could differ materially from those stated in any forward-looking statements herein.
SOURCE First Investors Financial Services Group, Inc.