Portland, OR-Renaissance Holdings, Inc. (RHI), a Beaverton, OR-based financial services company, has been recognized by The Business Journal as one of the 100 fastest-growing private companies. This award acknowledges businesses with headquarters in the Portland metro area that have experienced record growth since 1996, tripling its workforce to 499 employees and reporting a 146% increase in gross revenue.
‘We are happy to be recognized as the 30th fastest growing private company in the Portland metropolitan area. Last year was the most significant growth year in the company’s eight-year history and we expect equally dynamic account growth in the future,’ said Irving Levin, CEO of Renaissance Holdings.
The Business Journal received entries from companies within the 5-county metro area (Clackamas, Multnomah, Washington, Yamhill, OR and Clark, WA). Business that met the following qualifications were considered for an award: annual growth over each of the past three full year; revenue of more than $200,000 but less than $50 million in fiscal 1996; and an independent, privately hold corporation, proprietorship or partnership with headquarters in the Portland metro area. The winners were notified of their rankings and presented their awards on June 12, 1999 at The Business Journal’s Awards Reception held at The Oregon Zoo. Primary sponsors of the project included PricewaterhouseCoopers and KeyBank.
Privately held RHI originates, manages and services customized sub-prime MasterCard and Visa programs on behalf of cardholders, financial institutions, retailers and affinity groups. Through its two subsidiaries, Renaissance Bankcard Services and Orchard Bank, the company provides credit card and credit education to individuals who have difficulty obtaining credit from traditional lenders. Established in 1991, Renaissance helped pioneer sub-prime credit card products and management systems and is considered a knowledge leader in this market segment.
Founded in 1976, Banco Santander Puerto Rico is a publicly held company which trades in the New York Stock Exchange under the symbol ‘SBP’, The Hank, which is the second largest in the local market, has been operating in Puerto Rico for 22 years and offers a full array of services in the areas of commercial, mortgage and consumer banking, support by a team of more than 1,700 employees. Banco Santander Puerto Rico has 76 branches in Puerto Rico, 14 of which are fully automated branches operating under the name of ‘Red Express’, and one branch in New York City.
Banco Santander Central Hispano (BSCH), S.A., the largest financial group in Spain and Latin America, owns 78.3% of Banco Santander Puerto Rico outstanding common shares. It is the first bank by stock market capitalization in the Euro Zone and the eighth by assets volume. According to proforma balance sheets and statements of income on March 31, 1999, BSCII had US $337.61 billions in total managed funds and US $259.46 billions in assets, with 22 millions clients and operations in 31 countries including all the major international financial centers in the world.
American Express Travel Related Services Company, Inc., a wholly owned subsidiary of the American Express Company, is a diversified worldwide travel and financial services company founded in 1850. It provides card, Travelers Cheque, travel and financial services in over 160 countries.
While continuing to grow its proprietary card business, American Express has been aggressively pursuing its strategy of opening its merchant network to other card issuers around the world. In the last several years it has developed partnerships with 47 such institutions in more than 50 countries.Details