Affinity Technology Group Inc., which makes automated loan terminals, issued $57 million of stock last month in an initial public offering.

The April 4 offering price for the 4.4 million shares was $13. They were trading around $20 on Tuesday.

The offering is underwritten by Montgomery Securities and Donaldson, Lufkin & Jenrette.

The loan terminals sold by Affinity are similar to automated teller machines. Consumers can use the terminals to get approved for a loan and receive a check in a matter of minutes.

Using the terminals, financial institutions can increase loan volume and revenue without adding staff.

Banks using Affinity loan terminals include Banc One Corp., Mellon Bank Corp., and Banco Popular in Puerto Rico.

- Jennifer Kingson Bloom and Matt Barthel

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