CHARLOTTE, N.C. –

Metrolina Credit Co. — which operates a network of branch offices throughout North and South Carolina to service installment contracts that it purchases from dealers in the local market — shared plans to open another location sometime in the second quarter of next year.

The company said its expansion effort into Winston-Salem, N.C., marks Metrolina’s fourth expansion market and the seventh overall dedicated market.  Metrolina intends to develop and service business from this market immediately through its branch office in nearby High Point.

“We believe Winston-Salem, N.C., is an excellent market for our brand and our product,” Metrolina Credit president and chief executive officer Doug Marohn said. 

“We already have a strong presence in the area through our High Point, N.C., branch.  Expanding into the Winston-Salem market with a full service branch operation will allow us to provide our borrowing customers as well as the area auto dealerships with the excellent level of service that has been the cornerstone of our success,” Marohn

In conjunction with the expansion effort into Winston-Salem, the company also announced the addition of Fritz Peters to its branch management team as the branch manager for Winston-Salem. 

Peters joins Metrolina Credit Company after spending seven years in the marketplace with North State Acceptance.  Prior to North State, Peters had many years of branch management experience in the auto finance industry with Nicholas Financial, JD Byrider, DriveTime and Regional Acceptance.

“Having Fritz Peters join the Metrolina Credit Company team is very exciting,” Marohn said. “For us to be able to attract such a high level of talent with his proven track record is a testament to the success we have been able to achieve over the last two years.

More information about Metrolina can be found at www.metrolinacredit.com.