Nicely engraved specimen stock certificate from the Foothill Group, Inc. dating back to the 1980's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the Security-Columbian Bank Note Company and measures approximately 12" (w) by 8" (h).
The Foothill Group, Inc. was incorporated in California on February 5, 1968. The company was founded by Don Gevirtz and John Nickoll and was based in Los Angeles.
Foothill Group was considered one of the premier players in its specialized field of lending to small and medium size companies with poor credit quality, but it ran into ferocious price competition from big commercial banks that could tap into their deposit bases for low-cost funds.
To hedge against the increased competitive pressure, the company agreed to a buyout from Norwest, Inc. in 1995.