Huntington Broadens Auto Dealer Financing Business into Iowa
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.
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