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Discount Tire Company was founded by Bruce Halle as a tire shop in 1960, in Ann Arbor, Michigan.Halle had taken out a $400 loan to open the store, originally having six tires from a previous failed automotive supply company.
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
However, a few years ago, Synchrony Bank was moved over to Synchrony Financial, a financial services company. It separated from GE in 2015. That means it's now a separate financial institution.
On March 13, 2014, GE Capital announced that it would spin its North American consumer finance division off under the new name Synchrony Financial through an initial public offering (IPO). [84] On July 31, 2014, Synchrony Financial raised $2.9 billion in its IPO when GE sold 125 million shares (15%) of the company. [85]
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Bruce Thomas Halle [2] [3] (May 27, 1930 – January 4, 2018) was an American businessman, and the founder and chairman of Discount Tire. [ 1 ] [ 4 ] He was the wealthiest person in Arizona , with an estimated net worth of $5.2 billion at the time of his death.
The company was established as I4 Commerce in 2000. It obtained corporate debt financing in 2006 to continue to grow the business. [6] In 2007 the company changed its name to Bill me Later. [7] On November 7, 2008, PayPal completed its acquisition of Bill Me Later and rebranded it as PayPal Credit.
Synchrony Financial: GNW: Genworth Financial: GE spinning off Synchrony Financial [142] November 2, 2015: HPE: Hewlett Packard Enterprise: HCBK: Hudson City Bancorp: HPQ spins off HPE [143] October 7, 2015: VRSK: Verisk Analytics: JOY: Joy Global: Market capitalization change. [144] September 18, 2015: CMCSK: Comcast Class K Special: Share ...