ARLINGTON, Texas — Southside Financial Group, an auto finance receivables purchaser, has changed its name from Southside Financial Group to SFG Finance.

“Since the founding of Southside Financial Group, the majority of our customers, vendors, and employees have informally referred to us as simply SFG Finance and, frankly, we like it. Therefore, we have decided to formally change our name to reflect what the public has already thoughtfully given us,”said Henry Gonzalez, SFG Finance COO.

The company recently launched a nationwide program to purchase existing nearprime and subprime auto loan portfolios, ranging from $500,000 to $40 million, from franchised and independent auto dealers. For more information, visit www.southsidefg.com.