PLS Financial

Chicago, United States

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Description

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Chicago-​based PLS Financial Services, Inc., manages more than 350 financial service centers in Alabama, Arizona, California, Illinois, Indiana, Mississippi, New York, Texas and Wisconsin, with more than 3,000 employees.

History

Established in 1997.

In 1997, Dan Wolfberg had a vision. He saw a need for affordable, friendly and convenient check-​cashing services in communities underserved by banks. Dan hailed from a long line of financial-​service entrepreneurs; his grandfather founded his own company in 1939, and his father’s company continues to prosper.

Dan chose to partner with the one man who shared his vision and his heritage: his brother Bob. Starting with a handful of Chicago currency exchanges, the two founded PLS Financial Services. Dan’s vision proved to be foresighted, and soon PLS was operating dozens of PLS Check Cashers in several states.

The company soon expanded into the lending business, filling a gap by providing small, short-​term loans not available from traditional lenders. As PLS Loan Store grew rapidly, so did the portfolio of financial services PLS offered customers.

The letters ‘PLS’ stand for ‘People, Location, Service.