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Home » Ford Credit looks to form own bank

Ford Credit looks to form own bank

If approved, Ford Credit Bank will be based in Salt Lake City, Utah

Amanda Harris and Riley WolfbauerbyAmanda Harris and Riley Wolfbauer
July 28, 2022
in Management
Reading Time: 2 mins read
0
ford dealership

© David Paul Morris/Bloomberg

Ford Credit applied July 22 for an industrial loan charter with the Federal Deposit Insurance Corporation (FDIC) to form Ford Credit Bank.  The proposed bank, a subsidiary of Ford Motor Credit, plans to offer financing and lease options for electric vehicles (EVs) and related services, as well as deposit accounts and financing for parts and accessories, […]

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Tags: Ford Motor Co.Ford Motor CreditGM FinancialPremium
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