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Midland Credit Management, Inc. is an American debt buyer and debt collection company headquartered in San Diego, California, and has offices throughout the United States as well as in India and Costa Rica. [1] It is a wholly owned subsidiary of Encore Capital Group (Nasdaq: ECPG). [2] It is one of the largest debt collectors in the United ...
The Midland Group began in 1954 when W.R. Johnston, an Oklahoma banker, purchased a 50% share in Midland Mortgage Company, an Oklahoma City–based company that had been formed four years earlier. Today, family owns 100% of the Midland Group.
The banks continued to operate under the Marine Midland name until 1998, when the offices were re-branded as HSBC Bank. [2] In 1994, Marine Midland acquired Spectrum Home Mortgage, which operated in eight states. In 1995, Marine Midland acquired United Northern Federal Savings Bank, with branches in Watertown and Lowville, New York.
Marine Midland was founded as Marine Bank, a state-chartered bank, on July 10, 1850, with capital of $170,000. It was founded by eight men from across New York—General James S. Wadsworth of Geneseo, J. P. Beekman of Kinderhook, New York, John Arnot of Elmira, John Magee and Constant Cook of Bath, William R. Gwinn of Medina, and George Palmer and James M. Ganson of Buffalo.
American Modern Headquarters in Batavia Township, OH. The group's primary insurance companies were founded in 1965. But, its roots go back to 1938 when The Midland Discount Corporation was founded in Cincinnati as an automobile financing company during a time when the United States was working its way out of the Great Depression.
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First Direct was formed on 1 October 1989 by Midland Bank, one of the 'big four' banks in the United Kingdom. It became a part of HSBC in June 1992, when acquired from Midland Bank. First Direct took its first call on 12:01 am on 1 October 1989; more than 1,000 calls were taken within the first twenty four hours.