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SEARCHCLEVELAND -- National City Corp. said it will exit from its indirect retail auto and motorsports lending business due to continued low returns and volume challenges.
CLEVELAND -- National City Corp. said it will discontinue its indirect retail auto and motorsports lending business due to continued low returns and volume challenges.
National City will continue to serve the auto dealer community with commercial and cash management banking products, including floor plan and real estate lending, treasury management, employee banking and private client services.
The company said it will continue to pursue growth in its national Recreation Finance lending business for both indirect retail and wholesale products. National City also will continue to originate direct auto and motorsports loans through its retail branch network.
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