FirstPlus Financial Corp. has executed a definitive
FirstPlus, a fast-growing subprime lender, would issue common stock in
The transaction would be accounted for as a pooling of interests.
Modern Finance, based in Columbus, Ohio, is an originator of small
As of Dec. 31, 1996, Modern Finance had assets of $27.3 million.
The company's net earnings from continuing operations in 1996 totaled