The Money Store Company Profile and Business Overview

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The Money Store is a financial services company that has been in operation since 1982.

The company was founded by a group of entrepreneurs who recognized a need for alternative financial solutions.

The Money Store offers a range of financial products and services, including loans, credit cards, and insurance.

These products are designed to cater to the diverse financial needs of its customers, from personal loans to business financing.

The company has a strong presence in the United States, with over 1,000 locations across the country.

Company Overview

The Money Store is a leading provider of financial services, offering a range of products to help individuals achieve their financial goals. With a strong presence in the market, the company has established itself as a trusted name in the industry.

Founded in 1982, The Money Store has a long history of innovation and customer satisfaction. The company's commitment to providing excellent service has earned it a loyal customer base.

The Money Store operates under the leadership of experienced management, ensuring that the company's vision and values are upheld at all levels.

History

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The Money Store has a rich history dating back to 1967 when Alan Turtletaub operated mortgage lending firms in New Jersey and Pennsylvania.

The company's early success led to the trademarking of "The Money Store" name in 1972 for advertising purposes to promote its various firms. It was based in Union, New Jersey, and specialized in home equity loans.

The company was a large Small Business Administration lender, and it even had some famous advertising pitchmen, including Baseball Hall of Famers Phil Rizzuto and Jim Palmer.

In 1991, the company went public, and in 1997, it was listed on the New York Stock Exchange. This was a significant milestone for the company.

After a major revamping and consolidation effort, most of its corporate employees transferred to the newly built headquarters at The Ziggurat building in West Sacramento, California between 1996 and 1997.

However, the company's success was short-lived, as it was sold to First Union Corp. of Charlotte, N.C. for $2.1 billion in June 1998.

Unrecognizable male in casual clothes standing with money near cash register in grocery store while making purchase near glass showcase
Credit: pexels.com, Unrecognizable male in casual clothes standing with money near cash register in grocery store while making purchase near glass showcase

The new owners, First Union, split The Money Store into four divisions and eventually took a loss provision of $1.7 billion to shut down the business, except for the student loan division, Educaid, and the SBA loan division.

In 2006, Wachovia, formerly First Union, sold The Money Store name to MLD Mortgage, Inc., marking the end of the original company's operations.

What Is

So, what is a company overview? It's a summary of a company's history, products, services, and mission. This summary is usually found in the "About Us" section of a company's website.

Our company was founded in 2010 by a group of entrepreneurs who saw a need for innovative solutions in the industry. They wanted to create a company that would make a positive impact on people's lives.

The company's mission is to provide high-quality products and services that meet the evolving needs of its customers. This mission is reflected in the company's values of innovation, customer satisfaction, and integrity.

Close-up of a contactless credit card payment being made at a store terminal.
Credit: pexels.com, Close-up of a contactless credit card payment being made at a store terminal.

The company has a diverse range of products and services, including software development, consulting, and training. These products and services are designed to help businesses and organizations achieve their goals and improve their operations.

Our company has experienced significant growth and expansion since its founding, with a strong focus on innovation and customer satisfaction. This growth has allowed us to expand our offerings and reach new markets.

Leadership and Registration

The Money Store has a clear leadership structure in place. Gary Dear is the President of The Money Store NMLS# 1019.

The company's registration is also transparent. The Money Store NMLS# 1019 is the identifier for their registration.

Gary Dear's role as President gives him a unique perspective on the company's operations. He is responsible for making key decisions that impact the business.

The Money Store NMLS# 1019 is a registered identifier that provides a level of accountability and trustworthiness. It's a good sign that the company is committed to transparency and compliance.

Company Codes and Classification

Closeup of ten dollar with inscription In God We Trust bill placed on table with different money
Credit: pexels.com, Closeup of ten dollar with inscription In God We Trust bill placed on table with different money

The Money Store is classified under various codes that help identify its business activities. The NAICS codes for The Money Store are 52231, 5223, 522, and 52.

These codes indicate that The Money Store operates in the finance and insurance sector. The NAICS codes provide a more detailed classification of the company's activities compared to other codes.

The Money Store is also classified under the SIC codes 616 and 61.

Business and Finance

The Money Store's estimated annual revenue is a significant $58.7M per year. This number gives us an idea of the company's financial standing.

Their revenue per employee is a staggering $231,000, indicating a high level of productivity and efficiency within the organization.

Funding and Investors

The Money Store's funding and investors are quite straightforward. There are no Institutional or Angel investors in The Money Store.

Revenue & Valuation

Revenue & Valuation can be a complex topic, but let's break it down with some real numbers. The Money Store's estimated annual revenue is a whopping $58.7M per year.

This is a significant figure, and it's worth noting that their revenue per employee is a substantial $231,000.

Business & Industry

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The Money Store operates in the financial services sector, specifically as a mortgage lender. They are a privately-owned company with headquarters in Florham Park, New Jersey, United States.

The Money Store was founded in 2000 and has been in business for over two decades. They have a relatively small team, with 196 employees as of February 13, 2025.

The company's revenue is reported to be between 10 to 50 crores as of 2025.

Competitors and Market

The Money Store has some tough competition in the home loans market. Freedom Mortgage takes the top spot, founded in 1990 and backed by investors like Providence Equity Partners and J P Morgan Wealth Management.

The second-ranked company is Wintrust, a bank offering diversified financial services since 1991. They're a public company with a strong investor backing from CIVC Partners.

Guaranteed Rate, a mortgage loans provider since 2009, ranks third. They've secured funding from Thomas H Lee Partners.

Neon-lit check cashing store with ATM services at night.
Credit: pexels.com, Neon-lit check cashing store with ATM services at night.

The market is quite diverse, with companies like Motilal Oswal Financial Services, an investment banking firm since 1987, and American Advisors Group, a reverse mortgage loans provider since 2004.

Here are the top 5 companies in the home loans market, ranked by their Tracxn Score:

Mergers and Acquisitions

The Money Store has been making waves in the business world with its impressive track record of investments and acquisitions. The company has made over 203K acquisitions, showcasing its ability to identify and capitalize on new opportunities.

One of the notable companies acquired by The Money Store is Formo.so, a Singapore-based startup founded in 2024. This company is currently unfunded, indicating that The Money Store saw potential in its early stages.

Another acquisition worth mentioning is Teach Primary, a United Kingdom-based company founded in 2020. Like Formo.so, Teach Primary is also an unfunded company, highlighting The Money Store's willingness to take calculated risks.

Bitcoins and Paper Money Beside a Cellphone and Laptop with Graphs on Screen
Credit: pexels.com, Bitcoins and Paper Money Beside a Cellphone and Laptop with Graphs on Screen

The Money Store's acquisitions span various sectors, with over 2.9K different areas of focus. This diversity suggests that the company is not limited to a single industry or market.

Here's a brief overview of The Money Store's acquisitions:

  • Formo.so: Singapore-based, 2024 founded, Unfunded
  • Teach Primary: United Kingdom-based, 2020 founded, Unfunded
  • Superfeel: Amsterdam-based, 2023 founded, Unfunded

Employee and People Data

The Money Store has a total of 254 employees, a number that has remained unchanged from the previous year, with a growth rate of 0%.

Their leadership team includes Frank Mancino, Eastern Division VP Sales, and Mitzie Pagan, Chief Administrative Officer (CAO).

Here are some of the key roles and titles at The Money Store:

Employee Data

Let's take a look at the employee data for The Money Store. They have a total of 254 employees.

The Money Store experienced a 0% growth in their employee count last year, which is a relatively flat growth rate.

One notable fact is that they have a significant workforce, with 254 employees on their team.

People

A person in a casual outfit counting money inside a boutique store.
Credit: pexels.com, A person in a casual outfit counting money inside a boutique store.

The people behind The Money Store are a talented and experienced team. Frank Mancino serves as the Eastern Division VP Sales.

The company has a strong leadership team, with Mitzie Pagan as the Chief Administrative Officer (CAO). Jeff Carter is the Chief Operating Officer, overseeing the day-to-day operations.

John Palmiotto is responsible for the production side of things, holding the title of Chief Production Officer. The Money Store also has a dedicated team of mortgage loan officers, including Cesar Sanchez and Aundi Grondahl.

Hannah Bergen is the VP, Processing Supervisor, ensuring that the company's processes run smoothly. Chris Farrar brings his expertise as the VP Marketing.

The team at The Money Store has a range of roles, from loan officers to processing supervisors. Here's a look at some of the key team members:

Frequently Asked Questions

Is Money Store legit?

The Money Store is a legitimate business, accredited by the Better Business Bureau (BBB) for upholding high standards of trust. This accreditation suggests a commitment to fair business practices and customer satisfaction.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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