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Press Release

Press Release

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Published by Megan Ashley

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Published by: Megan Ashley on Nov 24, 2010
Copyright:Attribution Non-commercial


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FOR IMMEDIATE RELEASE:Contact:  Megan BezansonTelephone Number:  (999) 999-9999Email Address:Bezanson@rider.edu
FinCo Merges with competitor Financial Boutique
BALA CYNWYD, Pa., September 24, 2010 — Yesterday, FinCo CEO and President BillSmith announced the agreement to acquire a smaller competitor – Financial Boutique.Smith has high hopes that Financial Boutique will complement FinCo’s existingcapabilities and product offerings.FinCo, a publicly held Fortune 1000 company is located in Bala Cynwyd, Pa.  Thiscompany provides a range of financial services including mortagages.Currently, FinCo does not have any mortgage brokers who focus on affordable housing.After the sale closes, Financial Boutique will be known as FinCo’s affordable housingdivision.FinCo CEO and President Bill Smith are enthusiastic about the acquisition.  Bill Smithstated, “As a company we will directly benefit from the knowledge and experience eachof the 600 employees will bring to the table.”Financial Boutique’s headquarters are also located in Bala Cynwyd.  This companyfocuses on providing mortgages to people who qualify for affordable housing programs.-more-

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