Truist Phasing Out Auto Lending Unit | Winston–Salem News
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Truist Phasing Out Auto Lending Unit | Winston–Salem News
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Truist Financial is quietly winding down its near-prime auto lending unit in Greenville, North Carolina — not for a fire sale, but as part of a five-year strategic pivot. Managing $9.1 billion and serving 300,000 customers across 30 states with 10,000 employees, this division is being phased out to streamline operations and boost efficiency. The move won’t dent 2026 earnings, though it will trim operations by 6.1%–7.1%, while still targeting $20 billion in sales that year. It’s a calculated step toward growth — and Truist’s future looks focused on what matters most.
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This is an automated, high-level news summary based on public reporting.
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https://journalnow.com/news/local/business/article_f8def749-a1fb-4645-bd84-5844431b338f.html
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