Huntington Broadens Auto Dealer Financing Business into Iowa
September 25, 2013
| Email this story Printer Friendly Version |
COLUMBUS, Ohio — Huntington announced this morning that it
is expanding its growing auto dealer financing business into Iowa and added key
personnel into the state to support the initiative.
"Huntington Auto Finance continues to expand its auto finance business in key states and is pleased to welcome dealerships in Iowa as our new valued customers," said Rich Porrello, director of Huntington Automobile Finance.
"We look forward to building strong relationships with these Iowa automobile dealerships and believe they will want to be affiliated with a bank that offers consistent underwriting, rapid funding and superior customer service," Porrello continued. "These dealers will find doing business with Huntington to be a rewarding experience."
Huntington highlighted that it hired a seasoned team with local market knowledge for the state. The bank is available to process loan applications now and expects to provide financing solutions to more than 300 dealers throughout Iowa.
"Our track record in the Midwest and New England, as well as part of the Upper Midwest, demonstrates a proven business model with auto dealerships, one that we now bring to auto dealers in Iowa," Porrello said.
Huntington Automobile Finance strives to meet the financial needs of dealers and their customers, a challenge the company has taken on for more than 60 years. This task includes the financing of new and used vehicle purchased by the dealer's retail customers, as well as commercial loans to the dealer primarily to finance new and used vehicle inventory.
Dealerships served are located within Huntington's primary banking markets of Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky, and selected other markets including, Iowa, Tennessee, New Jersey, Minnesota, and Wisconsin, and six New England states: Maine, Vermont, New Hampshire, Massachusetts, Rhode Island and Connecticut.
Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.
- DamageMAX Comprehensive Salvage Title Study Includes 3 Findings, 4 Recommendations
- Westlake Financial Receives Growth Accolades in Los Angeles County
- CarFinance Capital Completes $304M Asset-Backed Securitization
- Vendor Transparency Solutions to Review Key Compliance Developments During Free Webinar
- Experian: Subprime Volume Still Rising But Rate Is Slowing
- CNW: BHPH Sales Volume Jumps by Double Digits in November