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Auto Financing Veteran To Head Hibernia's Indirect Lending Area

December 26, 2004

NEW ORLEANS -- Hibernia Corp. has named Gary Perdue senior vice president and manager of Indirect Lending. Perdue has been in the automotive financing industry for 20 years.

Most recently, Perdue served as vice president for sales at DealerTrack. He has also held senior management positions at TranSouth, a provider of automotive financing headquartered in Dallas.

Hibernia's Indirect Lending business purchases automobile loans from a network of franchised new car dealers in Louisiana and Texas.

Perdue was also a founding member and former chairman of the National Auto Finance Association.

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