Wachovia Opening Auto Lending Offices on East Coast
Wachovia Corp.'s auto finance group will be expanding on the East Coast this year with business centers planned for Raleigh, N.C., Winston-Salem, N.C., and Fort Lauderdale, Fla.
Wachovia Corp.’s auto finance group will be expanding on the East Coast this year with business centers planned for Raleigh, N.C., Winston-Salem, N.C., and Fort Lauderdale, Fla. A new office in Washington, D.C., opened this month and an office in Austin, Texas, is also planned.
Under the name WFS Financial Inc., the auto-lending subsidiary of Westcorp, the company will provide auto loans to customers through relationships with car dealerships in those markets, reported the Triangle Business Journal in Raleigh.
Wachovia closed its $3.9 billion acquisition of Westcorp and WFS in March, creating a top-10 auto-loan originator in the United States, with 1.3 million auto-loan customers and 11,000 auto-dealer customers.
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