Advance America Cash Advance Centers (AEA) Stock Price, News & Analysis

Advance America, Cash Advance Centers, Inc. is a non-bank provider of cash advance services in the United States. As of December 31, 2011, it operated 2,541 centers in 29 states in the United States, 33 centers in the United Kingdom, and 10 centers in Canada, and had 13 limited licensees in the United Kingdom. Cash advances are typically small-denomination, short-term, unsecured advances that are due on the customer's next payday. The Company offers various types of short-term credit products and services depending on applicable legislative and regulatory restrictions. As of December 31, 2011, it operated 2,163 centers under the Advance America brand and 122 centers under the National Cash Advance brand. On October 10, 2011, it acquired approximately 300 retail storefront consumer finance centers from certain subsidiaries of CompuCredit Holdings Corporation. Effective April 23, 2012, it merged with an indirect subsidiary of Grupo Elektra S.A.B. de C.V.