January 25, 2010

Regional Acceptance Corporation Joins Loan Platform

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FARMINGTON HILLS, Mich. — RouteOne LLC has completed integration with North Carolina-based Regional Acceptance Corporation, allowing dealers to process credit applications electronically to Regional Acceptance through RouteOne.

Regional Acceptance is a wholly owned subprime auto lending subsidiary of BB&T Corp., a financial holding company with assets in excess of $110 billion, headquartered in Winston-Salem. Regional manages business operations in six regions, with approximately 25 branch offices in 23 states.

“We are extremely pleased to welcome Regional Acceptance Corporation to the RouteOne platform,” said Mike Jurecki, RouteOne CEO. “They are a very significant participant in the auto finance industry, and one that is continually requested by our dealer customers. Their national coverage allows us to make the financing process even easier for our dealer users. Further, the reduction of their loan process fees for deals originated on RouteOne demonstrates their commitment to supporting our shared customers’ business – we are extremely pleased to have them participating on our platform.”

“Our integration with RouteOne greatly expands our ability to service our dealers,” said Fred Reherman, senior vice president of Regional Acceptance Corporation. “We pride ourselves on personalized dealer service and satisfaction, and our integration with RouteOne, where dealers will now enjoy a fee consistent with all other channels, will certainly enhance our servicing capacity. We look forward to utilizing RouteOne to assist in strengthening our dealer relationships.”

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