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Mechanics Bank exits indirect auto lending 

The bank had $3.6B in auto oustandings at yearend 2021 

Amanda Harris

Mechanics Bank this week is exiting the indirect auto lending business and ceasing originations.  The bank will stop originating auto loans through its dealer partners as of Wednesday, a bank spokesperson confirmed with Auto Finance News, noting Mechanics does not have a direct auto lending business in place. The lender will continue accepting applications through […]

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