Checksmart Financial Company, Buckeye Check Cashing of Alabama, LLC, Buckeye Check Cashing Of Arizona, Inc., Cash Central of Mississippi, LLC and Buckeye Check Cashing, Inc. acquired QC Financial Services of California, Inc. and various assets located in Ohio, Mississippi, Arizona and Alabama from QC Holdings, Inc. and QC Financial Services, Inc.
July 06, 2016
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Checksmart Financial Company, Buckeye Check Cashing of Alabama, LLC, Buckeye Check Cashing Of Arizona, Inc., Cash Central of Mississippi, LLC and Buckeye Check Cashing, Inc. acquired QC Financial Services of California, Inc. and various assets located in Ohio, Mississippi, Arizona and Alabama from QC Holdings, Inc. (OTCPK:QCCO) and QC Financial Services, Inc. on June 30, 2016. Under the swap agreement, Checksmart Financial Company will acquire QC Financial Services of California, Inc and Buckeye Check Cashing of Alabama, LLC, Buckeye Check Cashing Of Arizona, Inc., Cash Central of Mississippi, LLC and Buckeye Check Cashing, Inc will acquire QC Financial Services's assets. Also, QC Holdings, Inc. (OTCPK:QCCO) and QC Financial Services, Inc will acquire all of the equity interests in Buckeye Check Cashing of Illinois LLC, Buckeye Check Cashing of Kansas LLC, Buckeye Title Loans of Kansas LLC, Buckeye Check Cashing of Missouri LLC, Buckeye Title Loans of Missouri LLC, Buckeye Check Cashing of Utah, Inc., and Buckeye Title Loans of Utah LLC (CFC Transferees ) from the buyers. The transaction is conditional upon resignation of the current officers and directors of QFOC and CFC Transferees, all QC holding workers to be employed by any affiliate of CFC immediately after Closing shall have been paid for their services through the closing date. Matt Wiltanger acted as legal advisor for QC Financial Services and QC Financial Services, Inc.
Checksmart Financial Company, Buckeye Check Cashing of Alabama, LLC, Buckeye Check Cashing Of Arizona, Inc., Cash Central of Mississippi, LLC and Buckeye Check Cashing, Inc. completed the acquisition of QC Financial Services of California, Inc. and various assets located in Ohio, Mississippi, Arizona and Alabama from QC Holdings, Inc. (OTCPK:QCCO) and QC Financial Services, Inc. on June 30, 2016.
QC Holdings, Inc. and its subsidiaries provide consumer loans and other various financial services through its retail branches and online lending operations. The Companyâs consumer loans include installment, single-pay, title and open-end credit loans. The Company also provides other financial products and services, such as credit services, check cashing services, prepaid debit cards, money transfers, money orders and business invoice factoring. It offers invoice factoring and other lending services to small business clients. The Company operates approximately 332 branches with locations in Alabama, Idaho, Kansas, Kentucky, Louisiana, Missouri, Nevada, New Mexico, Oklahoma, Texas, Utah and Wisconsin. It also operates through via the Internet in 10 states. In Canada, the Company, through its subsidiary Amaranth Financial Services Inc. is engaged in short-term consumer lending through approximately 20 branches in four provinces and online across the country.
Checksmart Financial Company, Buckeye Check Cashing of Alabama, LLC, Buckeye Check Cashing Of Arizona, Inc., Cash Central of Mississippi, LLC and Buckeye Check Cashing, Inc. acquired QC Financial Services of California, Inc. and various assets located in Ohio, Mississippi, Arizona and Alabama from QC Holdings, Inc. and QC Financial Services, Inc.
QC HOLDINGS, INC. 
