All American makes second acquisition this week

by For the MBJ

Published: April 15,2011

Tags: banking and finance, mergers and acquisitions, pay day lenders, state government

MADISON and OLIVE BRANCH — All American Check Cashing announced yesterday that it completed the merger and acquisition of Cash City of Olive Branch.

Terms were not disclosed.

All American will merge the assets as well as its customer base into its current operations within the Olive Branch retail store.

This marks the second merger and acquisition this week for All American. Earlier this week All American completed the merger and acquisition of Easy Money of Tupelo.

Michael Gray, president of the Madison-based All American, a pay day-lending company, said, “With the recent passage of HB 455, Mississippians will continue to have access to short term small dollar loans well into the future.”

Gray commended Mississippi lawmakers. “We believe the regulation changes that go into effect Jan. 1, 2012, will maintain the current consumer friendly environment and continue to keep the pay day-lending industry competitive.”

Source: All American Check Cashing

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2 Responses to “All American makes second acquisition this week”

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