And a Leader into the Payday Lending Industry

Adams Helps from the Board Of Community Financial Services Association Of America.

• Adams, Contributed $10,000 at a Bahamas Fundraising Event Organized because of the Community Financial Services Association for Ohio Senate Candidate Josh Mandel. “This separate campaign committee, as it happens, had been additionally the conduit for contributions from payday loan providers who went to a Mandel fund-raising event into the Bahamas during the early March. Mandel’s campaign in March didn’t launch the take from that occasion. But Federal Election Commission filings through the Mandel Senate Victory Committee now reveal that this event that is single at minimum $67,000 from payday loan providers and their PACs. Checks came from professionals and PACs representing such businesses as Advance America, $15,000; Axcess Financial (whose holdings consist of Check ‘n Go), $10,000; Speedy money, $5,000; CheckSmart, $10,000, and QC Holdings (aka fast Cash), $10,000. C. Dan Adams, a board person in the combined team sponsoring the Bahamas occasion, the Community Financial solutions Association of America, provided $10,000. Mandel additionally provided a message in the industry meeting, their campaign said. Experts associated with the industry state that with accrued interest, pay day loans can stick borrowers with prices of loannow loans fees 300 % and much more. Lenders say that as bankers of final resort, they push away evictions plus the repo guy by giving consumers money when they want it the many. The industry was fighting efforts that are ongoing states to restrict its techniques. The payday efforts into the Bahamas usually do not add a $30,000 donation provided in February by Lee Schear of Dayton, whoever financial solutions business has a joint venture partner, NCP Finance, that funds payday advances.”

Adams Also Served as Chairman for the Board of a Bank That Failed – Cost FDIC $75 Million

For many years, Adams Served as A user associated with the Board of First nationwide Bank regarding the Southern Including Chairman associated with Board

• Adams Served as Chairman of First National Bancshares in sc, Ceo of Southeastern Capital Partners and President associated with Capital Finance Group. “Mr. C. D. Adams is Chairman to start with nationwide Bancshares, Inc. (Southern Carolina), President & Chief Executive Officer at Southeastern Capital Partners LLC, and President during the Capital Finance Group, Inc. Mr. Adams once was used as Vice President by C&S nationwide Bank. He additionally served regarding the board in the beginning nationwide Bank associated with Southern. He received their undergraduate level through the University of South Carolina, an undergraduate level from Louisiana State University, and a graduate degree from Louisiana State University.”

• Adams had been Chairman associated with the Board of First National Bancshares, Served agreeable, Audit, Nominating and Compensation Committees. “C. Dan Adams, 50, Class III manager, could be the Chairman of our board of directors. Mr. Adams happens to be the president and owner that is principal of Capital Corporation of America, Inc., a good investment banking business situated in Greenville/Spartanburg, since 1991. Just before joining the main city Corporation, Mr. Adams served as vice president with C&S nationwide Bank, where he had been used by twelve years. Mr. Adams graduated through the University of sc Upstate in 1983 with a diploma running a business management. He graduated in 1989 through the Banking class for the Southern at Louisiana State University and it is an avowed Commercial Investment user.”

• 2008: Adams Was Elected Chairman of the Board of First National Bancshares april.