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First Cash Financial Services history
First Cash Financial Services company history timeline
In July 1988 he incorporated First Cash Inc. in order to launch a chain of pawnshops.
Later in 1991 the chain made its first out-of-state acquisitions, paying $550,000 in cash to buy Happy Hocker and Granny's Pawn in Oklahoma City.
In early 1992 First Cash made some changes in its management structure.
1993: Payne and four other board members resign to pursue other interests.
First Cash resumed its acquisition activities in June 1994, when it paid nearly $4 million in cash and notes to buy Famous Pawn, a seven-store chain operating in the Baltimore/Washington, D.C. area.
A month later it bought three more pawnshops in the city at a cost of $1.6 million. It bought three Baltimore pawnshops in May 1996 at a cost of nearly $2.5 million in cash.
First Cash then added another seven stores in 1997.
Name Change in 1999: First Cash Financial Services
In 2002 the company posted record revenues of $118.8 million and net profits just shy of $11 million.
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First Cash Financial Services competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| EZ | 1989 | $1.2B | 6,500 | 259 |
| Sun Loan | 1988 | $860,000 | 50 | - |
| Cash America Financial Services, Inc | 1999 | $26.0M | 50 | - |
| Cashland | - | $65.7M | 35 | - |
| Zions Bank | 1873 | $913.9M | 383 | 575 |
| Cash Plus | - | $15.0M | 50 | - |
| Buckeye Check Cashing, Inc. | 1987 | $710.0M | 3,000 | - |
| Dollar Financial Group | 1979 | $500.0M | 4,226 | 3 |
| Continental Exchange Solutions Inc. | - | $140,000 | 3 | - |
| First Heritage Credit | 1995 | $3.8M | 9 | - |
First Cash Financial Services history FAQs
Zippia gives an in-depth look into the details of First Cash Financial Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Cash Financial Services. The employee data is based on information from people who have self-reported their past or current employments at First Cash Financial Services. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Cash Financial Services. The data presented on this page does not represent the view of First Cash Financial Services and its employees or that of Zippia.
First Cash Financial Services may also be known as or be related to FIRSTCASH INC, First Cash Financial Services, First Cash Inc, FirstCash Inc and FirstCash, Inc.