I believe this is the 2nd heart attack to hit an UACA ofcr in the last yr.
See post #11.
Thursday January 8, 12:34 pm Eastern Time
Company Press Release
Union Acceptance Corporation President Recovering
INDIANAPOLIS--(BUSINESS WIRE)--Jan. 8, 1998--Union Acceptance
Corporation (NASDAQ:UACA - news) today announced that the Company's
President, John Stainbrook, 49, underwent successful heart bypass
surgery Monday, January 5, 1998. Mr. Stainbrook is expected to make a
full recovery and return to work in approximately 3 to 4 weeks. While
Mr. Stainbrook is recuperating, the executive management team will be
responsible for the day to day operations. They will work closely with
Jerry D. Von Deylen, the Company's Chairman of the Board, during Mr.
Stainbrook's absence.
UAC is one of the nation's largest independent, indirect automobile
finance companies. The Company's primary business is acquiring,
securitizing and servicing prime retail installment sales contracts
(primarily automobiles). These contracts are originated by dealerships
affiliated with major domestic and foreign automobile manufacturers. The
Company is focused on the upper-end of the credit quality spectrum.
Union Acceptance Corporation commenced business in 1986 and currently
acquires loans from over 3,200 manufacturer-franchised dealerships in 30
states. By using state-of-the-art technology in a highly centralized
underwriting and servicing environment, Union Acceptance Corporation
enjoys one of the lowest cost operating structures in the independent
prime automobile finance industry.
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Contact:
Union Acceptance Corporation
Rick A. Brown, 317/231-7934 |
