Fireside Bank

Description

Fireside opened its first branch office, located in San Mateo, California, in 1950. Starting out as a Personal Property Broker, Fireside's founder, Sidney Stern, understood the need of borrowers, with less than perfect credit, for a company where they could establish a financial relationship. In 1953 our charter was changed to an Industrial Loan Company, and Fireside began offering savings deposit accounts. In 1968 Fireside was purchased by Teledyne Inc., and in 1990 became part of Unitrin, Inc., a spin off of Teledyne. Fireside has been a member of the Federal Deposit Insurance Corporation (FDIC) since 1984.Fireside has been helping people for generations. At first we offered small, personal loans. As management saw the need for secondary financing at automobile dealerships, we developed a retail installment contract program. We continued with our mission of offering credit to many of those customers whose credit background did not allow them access to other financing sources. Fireside offers secondary financing to thousands of automobile dealerships. We have made automobile loans to hundreds of thousands of individuals in the western United States.Over the years Fireside has become one of the largest purchasers of secondary automobile paper in the west. Because automobile retail installment contract acquisitions is our only source of loan business, we have developed programs, unique in the industry, to offer alternative financing to customers and car dealerships. Through our relationship with customers, they can obtain personal credit and, in many cases, re-establish their credit rating. Automobile dealerships improve sales by offering a segment of customer financing that has been unavailable in the past. Through years of service to the automobile dealer community, Fireside has developed a unique understanding of dealer needs and secondary financing programs. Our local branch and loan production offices are managed by some of the most experienced automobile finance personnel in the industry. Consistent, fast approvals and local funding are the core of our business.

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