(Written jointly by Private Equity Stakeholder venture and Us americans for monetary Reform)
Community Selection Financial (CCFI) ended up being formed last year by CheckSmart, owned by personal equity company Diamond Castle Holdings, to get California Check Cashing Stores, owned by Golden Gate Capital, another equity firm that is private. Although Community Selection Financial held an IPO in 2012 and it is publicly exchanged, at the time of March 2017 it had been nevertheless bulk (53%) owned by Diamond Castle Holdings and 13% owned by Golden Gate Capital.[i]
Diamond Castle Holdings co-founder Andrew Rush and Managing Director Michael Langer have actually served from the Community preference Financial board since 2006. Mark Witowski, Vice President at Diamond Castle, has offered on CCFIвЂ™s board since 2012. Felix Lo, a Principal at Golden Gate Capital, has offered in the Community solution Financial board since 2011.[ii]
Community preference Financial runs as CheckSmart, Buckeye CheckSmart, California Check Cashing shops, Cash & Go, First Virginia, Buckeye Title Loans, Simple Money, and look Cashing United States Of America.