Springleaf Financial Will Become 'OneMain' on Oct. 1st (OMF)

September 29, 2016 11:03 AM EDT
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Springleaf Financial, which has been providing responsible and transparent personal loan products in hundreds of communities around the country since 1920, is changing its name to OneMain on October 1st.

Springleaf acquired OneMain Financial in 2015, more than doubling its size and creating America’s premier consumer finance company. As part of the integration, the combined company adopted the OneMain name and Springleaf branches are being rebranded to reflect the change. Springleaf has 705 branches in 27 states and the combined company has more than 1,800 branches in 44 states.

“For over 100 years, Springleaf and OneMain have been helping hard-working people tackle life’s challenges by providing them with loans to meet their needs,” said Jay Levine, President and CEO of OneMain. “Our team members live and work in the communities we serve, we know our customers and we always treat them with a high level of personal attention and respect. We are excited to continue meeting the needs of our growing customer base across the country with a unified brand that represents our commitment to community-based, personal lending.”

Since its start over a century ago as an auto lender, the company has grown rapidly and now serves more than 2.2 million customers nationwide with a variety of personal loan products. In 2015 alone, the company provided more than $10 billion in loans to help customers with household purchases, car or house repairs, vacations, bill consolidation and other needs.

“Springleaf has consistently been there for me since taking out a loan with them over 30 years ago,” said Norma Q., a loyal customer in Henderson, KY. “The team at the branch took the time to get to know me, they answer all of my questions and show they truly appreciate my business. They have been great to work with and I really do feel like they have empowered me to take better control of my finances.”

Levine added, “The combination of our two great companies has significantly increased our size and deepened our strong commitment to the thousands of communities and millions of customers we serve. Today, more than 88% of people in the United States live within 25 miles of a OneMain branch, and we are making our services even more accessible through on-line capabilities. This is truly Lending Made Personal.”

About OneMain

OneMain (NYSE: OMF) is America's premier consumer finance company offering responsible and transparent personal loan products. For over 100 years, the company has been providing personalized, best-in-class service at more than 1,800 branches in 44 states. The company’s iLoan internet lending division also provides customers the opportunity to complete the loan process entirely online. The company has more than 11,000 team members who proudly support the communities in which they live and work. For additional information, please visit OneMainFinancial.com.

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