CINCINNATI - Star Banc Corp. said it has formed a wholly owned consumer finance company known as Star Banc Finance Inc.

The finance company will offer consumers a broad mix of credit products and services such as indirect new and used auto loans, second mortgages, personal loans, and sales finance, the bank said.

The new company will be based in Cincinnati.

Kenneth R. "Randy" Griffith was named president of the new subsidiary. Mr. Griffith, 47, most recently served as executive vice president, national operations, of Security Pacific Financial Services, San Diego.

Prior to that, Mr. Griffith was general manager of Sears Consumer Financial Corp.'s western region, based in Irvine, Calif.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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