Question about subprime credit card company 'Applied Bank'

[Earl Snake-Hips Tucker]

The background: My mother, who at the time had no credit history whatever, received, with my help, a credit card. It was a secured card with a low ($500) limit, so it wasn’t anything that she’d likely get in any trouble with, and in the nine years that she was alive, she only used it once.

However, she was deluged with credit card offers, all of which she trashed. One that really wanted her to accept a card was from “Applied Bank.” I was curious about it, so I did a little digging, and found. . . basically nothing. Oh, I found enough stuff about how they charge all kinds of fees and how they don’t have phone numbers that connect to people, and that they have lots of unhappy customers--but nothing about the company.

So. . .

Is it a publicly traded company? Who is the CEO? What kind of earnings? How many employees? Information on the company is pretty much nonexistent. Either that or my Google-fu is failing me.

Anyone???

[Throatwarbler Mangrove]

http://cardcenter.appliedbank.com/aboutUs.jsp

[Gfactor]

Search here: http://www2.fdic.gov/idasp/main_bankfind.asp for applied bank

Click on the link for APPLIED BANK that appears. You'll find they've got 30 full time employees and all sorts of other information about them.

[Earl Snake-Hips Tucker]

Thanks a bunch. With that and some more poking around, it turns out that it's basically a one-man operation. Rocco Abessinio is the founder, CEO, and only shareholder, according to some lawsuit filings.