Huntington Expands Dealer Financing Business into Connecticut
COLUMBUS, Ohio — Huntington recently announced that it is
expanding its successful auto dealer financing business into Connecticut and added
key personnel into the state to support the initiative.
Huntington indicated that the company hired a seasoned team with
local market knowledge for the state. Huntington is processing applications now
and expects to provide financing solutions to more than 140 dealers throughout
Connecticut.
"The addition of Connecticut completes Huntington's
expansion strategy of providing auto dealer financing into the New England
region," said Rich Porrello, director of Huntington Automobile Finance.
"After becoming a meaningful partner with the existing
dealers in the New England states we serve, we want to bring our indirect
platform to the Connecticut dealers who want to be affiliated with a bank that
offers a proven track record of consistent underwriting, rapid funding, and
superior customer service,' Porrello continued.
"Our success in the Midwest and New England region proves we
have a successful business model, one that we now bring to auto dealers in
Connecticut," he went on to say..
For more than 60 years Huntington Automobile Finance has
handled the financing of new and used vehicles 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, Minnesota, Wisconsin, Tennessee, New
Jersey as well as six New England states including Maine, Vermont, New
Hampshire, Massachusetts, Rhode Island and now Connecticut.
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