Westlake Partners With the Boys and Girls Club LOS ANGELES, California — December 14, 2011 – Westlake Financial Services and its volunteering division, P.A.L.S. (People Affecting Lives through Service), hosted children from the Boys & Girls Club of East Los Angeles this past Friday during Westlake’s annual Sales Conference Teambuilding Event. Over 300 Westlake dealer …Read More
Westlake Remarketing Releases Q3 – 2011 Top Auctions List LOS ANGELES, California – November 6, 2011 – Westlake Financial Services has named their top auctions for Q3-2011. They are: Bill Walters, VP of Remarketing, says that “Auction values continue to be strong at most sales with a bias toward our western markets. Westlake’s continued growth …Read More
BHPH Purchaser ALPS Reports Strong Q3 Results LOS ANGELES, California — October 26, 2011 – Advanced Lending & Portfolio Services (ALPS) announces strong quarterly results with a total portfolio size of $11.5 Million at the end of Q3. This represents a 2000% growth year over year. “We closed a $3.4 million dollar portfolio purchase just …Read More
Wilshire Consumer Credit Kicks Off 10 Year Anniversary LOS ANGELES, California — August 31, 2011 – Title loan company Wilshire Consumer Credit celebrated its 10 Year Anniversary on August 29th. To mark the occasion, company officials recall how Wilshire Consumer Credit (WCC) got its start, review current financial performance, and announce a new consumer promotion …Read More
Westlake Remarketing Releases Q2 – 2011 Top Auctions List LOS ANGELES, California – July 25, 2011 – Westlake Financial Services has named their top auctions for Q2-2011. They are: Top Overall Auctions: Norwalk Auto Auction, Manheim NevadaTop Service Auction: ABC BirminghamTop Loyalty Program Auction: Dealers Auto Auction IdahoMost Improved Auction: ADESA Colorado Springs“We continued to …Read More
Westlake Credit Line with Wells Fargo Preferred Capital Increased to $200M Los Angeles, CALIFORNIA – June 15, 2011 – Westlake Financial Services recently announced that their credit line with Wells Fargo Preferred Capital has increased from $100 million to $200 million dollars. This is in addition to Westlake’s existing $365 million facility with Wells Fargo …Read More
Westlake Announces Major Partnership with Marubeni LOS ANGELES, California — July 5, 2011 – Westlake Financial Services announces a partnership with Japanese conglomerate Marubeni Corporation. The partnership will result in Marubeni taking a 20 percent ownership stake in Westlake in a deal valued at $250 million dollars in newly issued equity. Marubeni will also gain …Read More
Westlake Closes $250 Million Securitization with Wells Fargo Securities Los Angeles, CALIFORNIA – June 6, 2011 – Westlake Financial Services, a full-spectrum indirect auto finance company, announces a new $250 million dollar revolving securitization facility with Wells Fargo Securities. The deal closed May 26. “This latest securitization is another step towards realizing our goal of …Read More
Westlake Remarketing Releases Q1 2011 Top Auctions List LOS ANGELES, California – April 29, 2011 – Westlake Financial Services has named their top auctions for Q1-2011. They are: Top Overall Auctions: Manheim Nevada, Norwalk Auto Auction, Brasher’s Salt Lake City Auto AuctionTop Service Auction: ABC BirminghamTop Loyalty Program Auction: Dealers Auto Auction of Idaho“Westlake is …Read More
A Letter to our Dealers, Q1-2011 Review Los Angeles, CALIFORNIA – April 15, 2011 Dear Dealer Partner: The first quarter of 2011 continues to show signs of economic recovery due in part to increased consumer confidence and spending habits in the Auto segment of GDP. With your help as a valued Westlake partner, we are …Read More