First Marblehead Corp
FMD
New York Stock Exchange5.05
USD
+0.02
- -
CIK
0001262279
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- IPO Date
- Oct 31, 2003
- CIK
- 0001262279
- Similar Companies
- Business
- The First Marblehead Corporation is a savings and loan holding company specializing in the design, marketing, and administration of private education loan programs. Its core products and services include private student loans for undergraduate, graduate, and professional education; loan program design and structuring; loan application processing and servicing; marketing research; customer call center management; loan disbursement services; securitization of aggregated loan portfolios; and outsourced loan origination, portfolio management, and marketing services. The company operates primarily in the United States through its subsidiaries, including Union Federal Savings Bank, which extends private student loans and retail banking products such as residential mortgages and deposit accounts. First Marblehead also offers private label loan programs that do not require third-party guarantees. Its client base includes national and regional financial institutions, credit unions, colleges, and universities. Founded in 1991 and headquartered in Boston, Massachusetts, First Marblehead has grown through acquisitions and strategic partnerships. Recently, the company announced a merger agreement to be acquired by FP Resources USA Inc., marking a significant corporate change. Additionally, in the past, First Marblehead expanded its educational loan services by acquiring Tuition Management Systems, a prominent tuition payment processing company serving 47 states. The company has also rebranded before, including a prior planned name change to Collegiate Trust Corp. It continues to adapt its business model with new private loan programs and fee-for-service offerings in loan origination and servicing while navigating regulatory environments. These strategic moves aim to diversify its product offerings and client base within the education finance sector. First Marblehead's business segments focus on meeting the financial needs of students and educational institutions in the U.S. private student loan market, with some ancillary involvement in primary and secondary education loan programs. The company’s services also extend to career training and study abroad program loans. Its evolving strategy emphasizes integrated loan service solutions and innovative private-label loan products designed to respond to shifts in federal student loan programs and market demand dynamics. In summary, The First Marblehead Corporation is a Boston-based financial services firm specializing in private education loan products and related loan management services, serving financial institutions and educational organizations across the United States. The company is advancing its growth and diversification through acquisitions, newly launched private label loan programs, and its pending acquisition by FP Resources USA Inc.
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