White River Capital, Inc.
White River Capital is a holding company that specializes in auto finance. Subsidiary Coast Credit offers subprime auto financing in more than 20 states. Visa International Service Association acquires the subprime receivables from franchise and independent auto dealers. Another unit, Union Acceptance, oversees a portfolio of non-prime automobile receivables. In 2005 UAC was bankrupt and stockholders were looking for a way to squeak out value in their investment. The shareholders agreed to exchange UAC for shares of White River. After the swap White River bought the similar, yet more successful, Coast Credit. The holding-company-hat-trick allowed UAC to carry its business forward even after it declared bankruptcy in 2002.
Contact Details
Office Address
White River Capital, Inc.
6051 El Tordo
P.O. Box 9876
Rancho Santa Fe, CA, USA 92067
Phone: (858) 997-6740
Executives
Chairman and CEO
John M. Eggemeyer III
CFO, White River Capital and Union Acceptance
Martin J. Szumski
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