Nicholas Financial’s Boise, Idaho Grand Opening

Rhea-AI Summary

Nicholas Financial, Inc. (NASDAQ: NICK) has announced the grand opening of its new branch in Boise, Idaho, on June 15, 2021. The celebration will kick off at 3:00 PM MDT, culminating in a ribbon-cutting ceremony at 4:00 PM MDT. According to President and CEO Doug Marohn, this new location symbolizes the company's commitment to expanding its branch network in vibrant markets. Nicholas Financial is also licensed to operate in Arizona, New Mexico, and Texas, further strengthening its presence in the Western U.S.

Positive

• Opening a new branch in Boise, Idaho, indicating growth and market expansion.
• Expansion efforts in additional states (Arizona, New Mexico, Texas) to increase market reach.

Negative

• None.

CLEARWATER, Fl, June 11, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) – an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer – announced today a grand opening celebration for our newest branch office in the Boise, Idaho market, located at 950 Fairview, Suite 170, Meridian, ID on June 15, 2021. The open house begins at 3:00 PM MDT, the official ribbon cutting ceremony will commence at 4:00 PM MDT and the celebration will continue until 5:00 PM MDT. Please contact the local office at 208-314-5769 for more information regarding the event.

“We are very excited to continue our Western expansion with our first Idaho branch location,” said Doug Marohn, president and CEO of Nicholas Financial. “The Boise market is very vibrant, robust and growing – and we feel fortunate to be a part of this community. This new branch is just further confirmation of our commitment to growing our company through the expansion of our branch network.”

The Company is also now licensed in Arizona, New Mexico and Texas and has recently initiated expansion efforts in each of those states.

About Nicholas Financial

Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in primarily Southeastern and Midwestern U.S. States. The Company engages primarily in acquiring and servicing automobile finance installment contracts (“Contracts”) for purchases of used and new automobiles and light trucks. Additionally, Nicholas Financial originates direct consumer loans (“Direct Loans”) and sells consumer-finance related products. For an index of Nicholas Financial, Inc’s new releases or to obtain a specific release, please visit our website at www.nicholasfinancial.com.

Contact: Doug Marohn
President & CEO
Ph # (727)-726-0763

FAQ

What is the significance of Nicholas Financial's new branch in Boise, Idaho?

The new Boise branch signifies Nicholas Financial's commitment to expansion in key markets, enhancing its service to local independent dealers.

When is the grand opening celebration for Nicholas Financial's Boise branch?

The grand opening celebration for the Boise branch is on June 15, 2021, starting at 3:00 PM MDT.

What markets is Nicholas Financial expanding into recently?

Nicholas Financial is recently expanding into the Idaho market, as well as being licensed in Arizona, New Mexico, and Texas.

How does the new Boise branch impact Nicholas Financial's growth strategy?

The Boise branch is part of Nicholas Financial's growth strategy to enhance their branch network and services in a robust market.