GE Capital Retail Bank Renews P.C. Richard & Son Consumer Credit Card Program

Thu Jan 31, 2013 8:49am EST

* Reuters is not responsible for the content in this press release.

P.C. Richard & Son Credit Program Builds on Nearly 30 Years of Consumer
Financing Solutions
STAMFORD, Conn. & FARMINGDALE, N.Y.--(Business Wire)--
GE Capital Retail Bank today announced a multi-year extension of its
relationship with P.C. Richard & Son to provide a consumer credit card program.
GE Capital Retail Bank provides financial solutions to retailers to help grow
their customer sales and will continue to service the account and manage the
credit program, which began in 1986. 

"Over the past three decades, GE Capital and P.C. Richard & Son have built a
strong relationship," said Tom Pohmer, VP and CFO for P.C. Richard & Son. "GE
Capital`s flexible financing programs have helped us build long-term customer
loyalty, and we`re pleased to continue working together." 

P.C. Richard & Son is one of the oldest private, family-owned appliance and
consumer electronics retailers in the United States with 65 locations, as well
as an online store. Founded in 1909, P.C. Richard & Son has a long history of
working with GE, including carrying GE appliances and products for nearly a
century. Today, customers can apply for the P.C. Richard & Son Credit Card
in-store or online and qualified applicants receive immediate approval for
purchases with flexible financing promotions.* Cardholders can manage their
account online, as well as make payments in-store. 

"Our research shows that consumers shopping for electronics and appliances look
for a wide selection, knowledgeable service and an affordable way to make their
purchases," said Paul Schell, general manager for GE Capital`s Retail Finance
business. "We`re proud to continue providing a consumer credit card program,
which has been an important tool to build business for P.C. Richard & Son and
meet the needs of its customers." 

For 80 years, GE Capital has helped major retailers and more than 200,000 small-
and mid-sized businesses throughout the United States build consumer financing
programs that support business growth and customer satisfaction. GE Capital is a
leading provider of consumer credit in the Appliances and Consumer Electronics
industry. The company supports its clients with proprietary online technology
such as Business Center, which includes service, marketing and sales tools, as
well as Learning Center, providing businesses with access to comprehensive
training for their teams on financing for consumers. 

*Subject to credit approval and availability 

About P.C. Richard & Son

Founded in 1909, P.C. Richard & Son is one of the oldest private, family-owned
appliance and consumer electronics retailers in the United States. This Week in
Consumer Electronics places P.C. Richard & Son among the top 25 largest
electronics retailers in America. For more information, visit, or via Twitter @PCRichardandSon.

About GE Capital's Retail Finance business

GE Capital`s Retail Finance business is among the country`s most successful
retail lenders, with 80 years of experience in consumer financing. The business,
with its lending entity GE Capital Retail Bank, provides customized credit
programs to retailers and consumers in the United States and Canada that help
drive sales. This includes private label and bankcard credit programs to major
national, regional and independent retailers in the U.S., as well as private
label credit programs, promotional and installment lending, bankcards and
financial services for consumers through dealers; contractors; manufacturers;
healthcare practices; and service providers across nearly 20 industries. We are
not just bankers; we help clients build better businesses. More information can
be found at and 

GE Capital is one of the world`s largest providers of credit. For over one
million businesses, large and small, GE Capital provides financing to purchase,
lease and distribute equipment, as well as capital for real estate and corporate
acquisitions, refinancings and restructurings. For our 100+ million consumer
customers, GE Capital offers credit cards, sales finance programs, home, car and
personal loans and credit insurance. For more information, visit or follow company news via Twitter @GECapital. 

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at 

©2013 General Electric Company, All rights reserved.

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Copyright Business Wire 2013

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