All American buys more stores, enters Alabama market
by MBJ Staff
Published: October 24,2013
MADISON — All American Check Cashing has expanded its payday and title loan services into Alabama with the acquisition and purchase of five retail stores.
Terms were not disclosed.
The retail stores located in Bessemer, Clanton, Millbrook, Prattville and Selma, Ala., will bring the total of All American’s stores to 50. All retail stores acquired in the acquisition will offer customers both payday and title loan products.
“This is our first entrance into the Alabama market and was part of our 2013 expansion plan,” said Michael Gray, president of All American Check Cashing. “With the addition of these locations and through other acquisitions we have expanded our current presence in Mississippi, Louisiana and now Alabama by 20 percent this year alone.
“Our relationships with our customers have allowed All American the success we continue to see, from 14 years ago when we opened our first store, to now with the acquisition of our 50th location and expanding into the Alabama market. This is a testament to our commitment to relationship lending and providing the fastest, easiest access to cash in the payday industry. “
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Mississippi State makes NSF ranking of research universities
- Chaney drops lawsuit against National Flood Insurance Program
- Hood joins other AGs in efforts to curb copper theft
- Entergy gives $500K grant to The Nature Conservancy
- Sawtimber, pulpwood markets improving, but challenges remain