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Home » Fifth Third scales back indirect auto lending

Fifth Third scales back indirect auto lending

Bank exited floorplan lending in April

Amanda Harris and Joey PizzolatobyAmanda Harris and Joey Pizzolato
September 18, 2024
in Risk Management
Reading Time: 5 mins read
0
a fifth third sign in front of a branch

© 2019 Bloomberg Finance LP

Fifth Third is pulling out of indirect auto lending in select western states on the heels of declining auto originations.  “Fifth Third Bank is not exiting indirect auto and specialty lending. We are paring back to reduce originations with the vast majority being in western states outside of Fifth Third’s footprint,” a bank spokesperson told […]

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