Premier Bankcard has closed its call center in Spearfish, S.D., and laid off 330 staff. The handled collections and customer service for the Company. These tasks will be re-distributed among the company's existing locations in Sioux Falls, Dakota Dunes, Watertown and Huron, South Dakota.
Miles Beacom, Pres. & CEO of First Premier Bank, said that the closure of the facility is a direct result of federal regulations that restrict how and when fees can be assessed on accounts.
First Premier Bank, headquartered in Sioux Falls, South Dakota, is the 10th largest issuer of Visa and MasterCard brand credit cards in the United States. The bank is known for specializing in a wide range of subprime credit cards that are designed to individuals with "less than perfect" credit.
Information is provided by the Plant Prospector. For more information on the product, follow this link http://bankrupt.com/periodicals/pp.html.
The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.
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