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Exclusive: Merrick Bank to exit powersports lending 

Change could open opportunity for other lenders, especially in nonprime 

Amanda Harris

Merrick Bank is exiting powersports lending at the end of this month, potentially providing an opportunity for lenders who operate in similar credit tiers and markets.   The South Jordan, Utah-based financier made the “strategic decision” to stop originating powersports loans for all collateral types, according to a Sept. 22 letter sent to industry participants […]

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