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FirstCash

#2747

Rank

$5.1B

Marketcap

US United States

Country

FirstCash
Leadership team

Mr. Rick L. Wessel (Vice Chairman & CEO)

Mr. R. Douglas Orr (Exec. VP, CFO, Treasurer & Sec.)

Mr. Thomas Brent Stuart (Pres & COO)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Fort Worth, Texas, United States
Established
1984
Company Registration
SEC CIK number: 0000840489
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FCFS
Overview
Location
Summary
FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as sells gold, silver, and diamonds in commodity markets. As of December 31, 2021, it operated 1,081 stores in the United States and the District of Columbia; 1,656 stores in Mexico; 60 stores in Guatemala; 13 stores in El Salvador; and 15 stores in Colombia. The company was incorporated in 1988 and is headquartered in Fort Worth, Texas.
History

Acquisitions

In 2010, it acquired Maxit Financial.In 2021, FirstCash entered the "buy now, pay later" payments industry with the acquisition of American First Finance. The deal was announced on October 28 with a value of $1.17 billion, and closed on December 16 with a final value of $916 million.

Controversies and Lawsuits

In November 2021, the Consumer Financial Protection Bureau filed a lawsuit against FirstCash and its subsidiary, Cash America West, for alleged violations of the Military Lending Act and a 2013 CFPB order against the same. While the Military Lending Act prohibits loans to servicemembers and their families with annual interest above 36%, the CFPB accused the company of making thousands of loans with interest rates as high as 200%.In September 2022, the company paid $379,125.73 to 253 workers in Seattle, Washington, in order to settle claims that it violated the city's minimum wage, break time, and leave laws. As part of the settlement, it also paid $4,746.96 to the city of Seattle.

Mission
Provide innovative financial services that enable customers to successfully bridge the gap between their current financial situation and their future financial goals.
Vision
Become the world’s preferred provider of pawn and related financial services through our commitment to ethical business practices, outstanding customer experiences, and long-term financial success.
Key Team

Mr. Raul R. Ramos (Sr. VP of Latin American Operations)

Mr. Gar Jackson (Investor Relations-Global IR Group)

Mr. Sean D. Moore (Sr. VP of Store Devel. & Facilities)

Mr. Peter H. Watson (Sr. VP of Compliance & Gov. Relations)

Mr. Howard F Hambleton (AFF Pres)

Recognition and Awards
FirstCash was recognized with the Thomas H.Greeen, Jr. Award for ethical excellence, selected as one of the Professional Pawnbrokers Association’s top 10 pawnbrokers, and has earned an A+ rating from the Better Business Bureau.
References
FirstCash
Leadership team

Mr. Rick L. Wessel (Vice Chairman & CEO)

Mr. R. Douglas Orr (Exec. VP, CFO, Treasurer & Sec.)

Mr. Thomas Brent Stuart (Pres & COO)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Fort Worth, Texas, United States
Established
1984
Company Registration
SEC CIK number: 0000840489
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
FCFS