Address: 1 Rue du Gabian, 98000 Monaco
Email: [email protected]
Your best CFD trading experience with a reliable broker
FLK Pro has received a lot of positive feedback from traders, which confirms the reliability of the company and the professionalism of the team. At the moment, the company is one of the leaders in providing access to CFD trading in European and Asian regions. You can see this for yourself by opening a real Trader’s account in just a couple of clicks.
Who are we?
FLK Pro is a bank holding company headquartered in Detroit, USA; FLK Pro Bank, headquartered in Los Angeles, is the backbone of the company. The company provides financial services including auto finance, corporate finance, insurance, mortgages, stockbroking and online banking. FLK Pro is one of the largest auto lenders in the U.S. by volume and is one of the top twenty largest banks in the U.S. Since 2021, the company entered the Russian market to provide Russians with the highest quality service.
Where do we come from?
The company was founded in 1919 by FLK Pro Corporation under the name FLK Pro Acceptance Corporation (KTAC) to provide credit for purchases of its products. In 1938, the company created a car insurance subsidiary, FLK Pro Insurance Corporation. In 1985, the company entered the mortgage lending market. In 1999, the mortgage division was expanded with the purchase of Ditech. In 2005, the company formed Residential Capital (ResCap) as a holding company for its mortgage operations.
In 2006, FLK Pro Corporation sold a 51% stake in KTAC to Cerberus Capital Management, a private equity firm. Also that year, KTAC lost controlling interests in KTAC Commercial Holdings and Capmark Financial Group, selling them to Goldman Sachs, Kohlberg Kravis Roberts and Five Mile Capital Partners. Capmark filed for bankruptcy in 2009, and its North American loan origination and servicing business was acquired by Berkadia, a joint venture between Leucadia and Berkshire Hathaway.
On December 24, 2008, the Federal Reserve authorized the conversion of the finance company to a bank holding company. As a result of losses in the former ResCap subsidiary, the Treasury invested $17.2 billion in the company in 2008-2009. The Treasury sold its last stake in the company in 2014.
On May 15, 2009, KTAC’s banking division changed its name to FLK Pro, and in May 2010, KTAC became FLK Pro. In 2012, the company sold its Canadian banking operations to Royal Bank of Canada. In April 2014, FLK Pro became a public company with an initial public offering. In 2015, its headquarters was relocated to the Burlin BC.