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Equicredit Corp

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September 27, 1994 | From Times Staff and Wire Reports
Barnett Banks to Buy EquiCredit: Barnett Banks Inc. said it will buy consumer finance company EquiCredit Corp. for $332 million in cash, sending EquiCredit's stock up sharply. The purchase advances Barnett's plan to raise revenue and market share by reaching beyond traditional banking into home mortgages, small and mid-sized business lending and fee-producing financial services by buying regional or national franchises, Jacksonville, Fla.-based Barnett said.
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BUSINESS
September 3, 2003 | From Bloomberg News
Two Bank of America Corp. units won a $43-million reduction in a July jury verdict, as a Texas state judge ordered them to pay $8.2 million to a debt-collection company for breaching an agreement to sell a debt portfolio. A Dallas jury had ordered EquiCredit Corp. of America and SunStar Acceptance Corp. to pay New York-based Cavalry Investments $51.3 million, including $25 million in punitive damages.
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BUSINESS
September 3, 2003 | From Bloomberg News
Two Bank of America Corp. units won a $43-million reduction in a July jury verdict, as a Texas state judge ordered them to pay $8.2 million to a debt-collection company for breaching an agreement to sell a debt portfolio. A Dallas jury had ordered EquiCredit Corp. of America and SunStar Acceptance Corp. to pay New York-based Cavalry Investments $51.3 million, including $25 million in punitive damages.
BUSINESS
September 27, 1994 | From Times Staff and Wire Reports
Barnett Banks to Buy EquiCredit: Barnett Banks Inc. said it will buy consumer finance company EquiCredit Corp. for $332 million in cash, sending EquiCredit's stock up sharply. The purchase advances Barnett's plan to raise revenue and market share by reaching beyond traditional banking into home mortgages, small and mid-sized business lending and fee-producing financial services by buying regional or national franchises, Jacksonville, Fla.-based Barnett said.
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