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Home » Inside Arra Finance’s acquisition of Crescent Bank’s auto business

Inside Arra Finance’s acquisition of Crescent Bank’s auto business

Arra to service Crescent’s existing $770M auto portfolio 

Truth HeadlambyTruth Headlam
September 17, 2025
in Risk Management
Reading Time: 3 mins read
0
Cars parked in a lot

(Photo/Canva)

Subprime auto lender Arra Finance on Sept. 15 completed its acquisition of Crescent Bank’s auto division.   Arra Finance acquired Crescent’s technology, IP, employees and portfolio servicing rights pertaining to the bank’s auto division, Arra Chief Executive Kenn Wardle told Auto Finance News. The transaction price was not disclosed for the deal, which was announced in […]

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