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Household Financial Group Ltd history
Household Financial Group Ltd company history timeline
After a transition period, during which the heads of Household's three main units comprised an office of the president, Clark in late 1994 selected as chief executive an outsider, William F. Aldinger, who had been with Wells Fargo & Co.
The GM card proved to be an immense success, and by mid-1996 was the country's largest so-called affinity card with 12 million cardholders.
In the second quarter of 1996 the company completed its exit from consumer banking with the sale of its branches in metropolitan Chicago.
Later in 1997 Household quickly tripled the size of its nascent auto loan operation when it acquired San Diego-based ACC Consumer Finance Corp. for about $200 million.
In 2003, Household International was bought out by British banking giant HSBC Holdings PLC.
The inaugural Ally Challenge presented by McLaren, an official PGA TOUR Champions event at Warwick Hills Golf and Country Club on September 10-16, 2018.
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