NYSE Trading 'AAC' Begins May 15
MINNEAPOLIS, May 14 /PRNewswire/ -- The common stock of Arcadia Financial
Ltd., formerly Olympic Financial Ltd. (NYSE: OLM), begins trading on the New
York Stock Exchange under the symbol AAC on May 15, 1997. The company's
shares have traded on the New York Stock Exchange under the symbol OLM since
March 27, 1996.
The stock symbol change reflects the company's adoption of the name
Arcadia Financial Ltd., which was approved by shareholders at the company's
annual meeting on April 28, 1997. The company changed its name under the
terms of an agreement with the U.S. Olympic Committee under which the company
agreed to phase out the use of Olympic Financial Ltd. as its corporate name by
June 1, 1997. The U.S. Olympic Committee has federal trademark rights over
use of the word "Olympic" that gives it the right to restrict the company's
use of that name. The company has been using the name Arcadia Financial Ltd.
in various states previously and elected to adopt the name for use as its
corporate identity to simplify continuity and uniformity in marketing and
operations.
Arcadia Financial Ltd. is a Minneapolis-based consumer financial services
company specializing in purchasing, selling and servicing retail installment
contracts for new and used automobiles originated by more than 8,300 dealers
in 42 states. The company, founded in 1990, is the nation's largest
independent provider of automobile financing. Its 18 Regional Buying Centers
are located in Arizona; northern and southern California; Colorado; Florida;
Georgia; Maryland; Massachusetts; Minnesota; Missouri; New York; North
Carolina; Ohio; Tennessee; north, south and west Texas; and Washington.
SOURCE Arcadia Financial Ltd.
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CONTACT:
A. Mark Berlin, Jr., Executive Vice President
of Arcadia Financial, 612-942-9880
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