How Many Branches Did Mariner Finance Open In September 2016

Uncovering the Impact: A Breakdown of Mariner Finance's September 2016 Branch Openings

Welcome to the Mariner Finance Branch Expansion Journey in September 2016

When it comes to personal loans and financial services, Mariner Finance is a name that has become synonymous with trust, reliability, and exceptional customer service. Founded in 2002, this privately held financial company has grown to become a leading provider of personal loans, mortgages, and other related services, operating in over 20 states across the United States. September 2016 marked a significant milestone in the company's history as it marked the opening of several new branches, expanding their reach and providing greater accessibility to their services. In this article, we will take a closer look at the company's expansion in September 2016 and the impact it had on their business and customers.

The Branch Expansion Strategy

For any business, expansion is a crucial step towards growth and success. Mariner Finance, with its constantly growing customer base and increasing demand for their services, recognized the need for expansion to better serve their customers. The company's expansion plan was strategically designed, taking into consideration the geographical locations and the potential customer base in those areas. The goal was to increase their physical presence and strengthen their relationship with their customers.

In September 2016, Mariner Finance opened 13 new branches, bringing their total number of branches to 450 across the 22 states they operated in at the time. These new branches were strategically located in areas with a growing demand for personal loans and financial services, including Virginia, North Carolina, and Tennessee. The expansion also included the relocation of two existing branches to better serve their customers in those areas.

The Impact on Customers

With the opening of these new branches, customers now had easier access to Mariner Finance's services. This not only saved them time and effort, but it also provided them with an opportunity to build a more personal relationship with the company. The expansion also brought with it an increase in job opportunities for individuals in the local communities, further contributing to the growth of the local economies.

Along with physical presence, the expansion also brought improvements to the company's digital capabilities. With the launch of their new website in 2016, customers could now apply for loans online, making the process more convenient and efficient. Additionally, the company introduced a new mobile app, allowing customers to manage their accounts and make payments on the go.

The Impact on Business

Mariner Finance's expansion in September 2016 resulted in a significant increase in its market share and revenue. The strategic placement of the new branches allowed the company to tap into new markets and reach a wider customer base. This led to an increase in loans and other services availed, resulting in an overall increase in profits.

The expansion also brought with it an increase in brand awareness and recognition. With the increased physical presence and improved digital capabilities, the company was able to reach a larger audience and strengthen its brand image. This helped to attract more customers and build a loyal customer base. The expansion also provided the opportunity for the company to showcase its commitment to providing exceptional customer service and building long-term relationships with their customers.

In Conclusion

In September 2016, Mariner Finance's expansion journey marked a significant milestone for the company and its customers. The carefully planned and executed expansion strategy helped to strengthen the company's market presence, increase its revenue, and improve its customer relationships. With the continued growth and success of the company, it is clear that the decision to expand was a strategic and beneficial move for both the business and its customers.

The expansion highlighted the company's commitment to providing convenient and accessible financial services to its customers while also contributing to the growth of local economies. Today, Mariner Finance continues to expand its reach, with a total of over 500 branches operating in 25 states. Their constant efforts to improve and expand their services make them a trusted and reliable choice for personal loans and financial assistance.