1. Lendmark expands by opening new branches in Tennessee and Virginia. 2. The branches cater to local auto dealerships and retail businesses. 3. Expansion aims to strengthen community relationships and customer service. 4. Lendmark’s fundraising initiative surpassed $10 million for pediatric cancer research. 5. The company operates over 535 branches, serving 23 states.
FAQ
Why Neutral?
Lendmark's growth does not directly influence BX, but sector dynamics may shift. Historically, market reactions to financial service expansions are often muted without major innovations or disruptions.
How important is it?
While the article highlights Lendmark's expansion, it lacks immediate relevance to BX's operations or financial health. The news may signal competitive landscape shifts, which could impact BX indirectly.
Why Short Term?
Expansion impacts may show results in customer acquisition over the next few quarters. Recent expansions in similar firms have sometimes led to immediate effects in earnings, but sustained impacts require further developments.
Lendmark Financial Services Expands Presence in Tennessee and Virginia
LAWRENCEVILLE, Ga., Dec. 11, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (symbol: BX), a prominent provider of personalized loan solutions, is set to enhance its footprint by inaugurating new branches in Crossville, Tennessee and Blackstone, Virginia. This strategic move aims to offer essential financing solutions to customers at small, independent automobile dealerships and retail businesses in these regions.
New Branch Locations and Management Overview
The newly launched branch in Crossville is situated at 424 Obed Plaza, Suite 1, while the Blackstone branch can be found at 1417 S. Main Street. Both locations are projected to serve hundreds of customers, retailers, and auto dealerships throughout their first year of operation. Branch Managers Anthony Delk and Jasmine Snyder will lead the daily activities, focusing on fostering strong relationships with both customers and the local community.
Commitment to Community and Customer Empowerment
“As we continue to expand, our commitment to serving our customers and communities with excellence and care will always be at the forefront of our mission,” stated Robert Greenshaw, Senior Vice President of Branch Operations at Lendmark. He emphasized that the company's overarching goal is to empower customers by providing accessible, personalized financial solutions that help navigate both planned and unplanned life events.
Partnership Opportunities for Local Businesses
Lendmark not only serves consumers directly but also facilitates financing options for thousands of retailers and independent auto dealerships. This enables these businesses’ customers to easily access Lendmark financing when needed. Local businesses interested in partnering with Lendmark to expand their financing solutions can reach out by visiting the new branches or contacting them directly:
- Crossville: 931-340-7122
- Blackstone: 434-264-7890
Significant Milestones and Social Responsibility Initiatives
Lendmark's commitment to social responsibility is exemplified through its 'Climb to Cure' initiative, which has recently exceeded its $10 million fundraising goal in partnership with CURE Childhood Cancer. This achievement marks a decade of collaboration aimed at impacting pediatric cancer research across the United States. Customers of Lendmark are encouraged to contribute by donating $1 during the loan closing process, with the company matching each donation.
About Lendmark Financial Services
Lendmark Financial Services (symbol: BX) has been a trusted provider of personal credit and loan solutions since 1996. Operating across 23 states, Lendmark offers sales financial services for nearly 25,000 retailers and independent auto dealerships. With a workforce of approximately 2,300 employees and more than 535 branches nationwide, the company is dedicated to delivering personalized service and helping customers navigate life's financial needs with stability. Lendmark is headquartered in Lawrenceville, Georgia. For further information, please visit www.lendmarkfinancial.com.
Media Contact
Jeff Hamilton
Senior Manager, Corporate Communications
Email: jhamilton@lendmarkfinancial.com
Phone: 678-625-3128