FirstPlus Financial Corp. has executed a definitive agreement to acquire Modern Finance Co. in a tax-free exchange of stock.

FirstPlus, a fast-growing subprime lender, would issue common stock in exchange for all of the outstanding shares of Modern Finance.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.