United PanAm Financial Corp. Announces Share Repurchase

    NEWPORT BEACH, Calif.--Sept. 18, 2001--United PanAm Financial Corp. today announced that it would repurchase up to 140,000 shares of the company's outstanding stock prior to Sept. 21, 2001.
    "This move is a substantive indication of our belief in the long-term value of our franchise and in the financial industry generally," said Ray Thousand, president of United PanAm Financial Corp.
    United PanAm Financial Corp., a diversified specialty finance company, originates and acquires for investment retail automobile installment sales contracts and insurance premium finance contracts.
    The company's principal operating units include Pan American Bank, FSB, the largest Hispanic-controlled savings association in California, with four retail branch offices in the state and $383 million in deposits at June 30, 2001; United Auto Credit Corp. with 39 branch offices in 21 states; and the insurance premium finance division, which through a join consolidated venture is the largest non-insurance provider of financing for insurance premiums in California.