DALLAS - First USA Inc. announced the formation of First USA Financial Services Inc., an industrial loan company.
First USA expects to issue commercial credit cards pending receipt of Federal Deposit Insurance Corp. insurance for the newly formed entity.
First USA Financial Services, based in Salt Lake City, will offer business cards, corporate cards, and purchasing cards to business customers nationwide.
Chihchih C. Lin, who has 18 years of experience in credit, operations, financial, and business planning, will be president of First USA Financial Services. Mary Francovilla Dees, with 15 years of financial services sales and marketing experience, has been appointed senior vice president of product, marketing, and sales.