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Finance company cutting 170 jobs in Evansville

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News,Business

EVANSVILLE, Ind. (AP) — A consumer finance company is planning to close its 170-worker mortgage servicing center in Evansville.

Springleaf Finance has told state officials that it will permanently close the center that's within the company's downtown Evansville headquarters by the end of September.

Springleaf was formerly known as American General Finance and has gone through major changes since the 2008 recession.

The Evansville Courier & Press reports that Springleaf in 2012 closed more than 200 branch offices and eliminated 820 jobs, including some at its Evansville headquarters. That year the company also ceased real estate lending, which had been a major part of its business.

Mayor Lloyd Winnecke's office tells WFIE-TV it is disappointed with the layoffs but believes other job opportunities are available in the city.

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