Koch, age 49, who brings more than 25 years of experience in the financial industry to his new role most recently served as Chief Financial Officer of First Citizens National Bank, Mason City, Iowa. He joined United PanAm in October 2000 and succeeds Carol M. Bucci, who is leaving the company in the next few months as a result of the company's relocation to Southern California. United PanAm Financial Corp., a specialty finance company, originates and acquires for investment retail automobile installment sales contracts and automobile insurance premium finance contracts. Such statements are subject to a variety of estimates, risks and uncertainties, known and unknown which may cause the company's actual results to differ materially from those anticipated in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as limited operating history, the impaired or limited credit history of the company's borrowers, the availability of additional financing, the concentration of the company's business in California, rapid growth of the company's businesses, the accuracy of the charges included in the discontinued operations cost estimate, the reliance on the company's systems and controls and key employees, fluctuations in market rates of interest, general economic conditions and other risks, certain of which are detailed from time to time in the company's filings with the United States Securities and Exchange Commission.
Quarterly information is annualized for comparability with full year information.
All rights reserved. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.