ARLINGTON, Texas — SFG Finance LLC, a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced that Robert Chickowski, Senior Vice President of Acquisitions, will retire January 31, 2013.
Chickowski’s decision to retire comes after 46 years in the consumer and commercial finance industry. He began his career with Household Finance in 1967 and has held senior management positions with ITT Finance, Citibank and Citicorp, Advanta Auto Finance Corporation, Motorcar Acceptance Corporation, FSB Financial, Regional Acceptance Corporation; and he has spent the past ten years with FSB, Regional, and SFG Finance.
“I have known Bob for many years and have enjoyed working with him at several companies including FSB Financial, Regional Acceptance Corporation, and SFG Finance. He will be greatly missed, but I am excited to see him move on to the next chapter of his life as a retired executive,” said Steve Burke, President and CEO of SFG Finance. Regarding the impact on SFG’s acquisitions strategy, Burke said, “Bob leaves a big role to fill, and I know we will find the right person for the position.”
Since its inception, SFG Finance has actively purchased and closed portfolios from dealers and finance companies nationwide. Portfolio sizes range from $500,000 to $150 million, servicing released.
Funding is made possible by SFG’s parent bank, with the added advantage of no need to securitize plus a more stable cost of funds. SFG Finance offers complete transparency and up-front pricing based on it’s superior analytics.
SFG is a wholly owned subsidiary of Southside Bank, one of the nation’s largest independent banks.
SFG Finance’s tagline is: Where Relationships and Integrity Matter. The company is an active purchaser of auto finance receivables, and its executive managers each have over 30 years of industry experience. It is a wholly owned subsidiary of Southside Bank, one of the nation’s largest independent banks with approximately $3 Billion in assets. SFG Finance buys BHPH through super prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The company’s aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: www.sfgfinance.com or call (800) 994-0898.