Huntington Reports Growing Finance Amounts

By Staff Writer January 29, 2019 471

Huntington Bancshares Inc. financed more expensive vehicles in the fourth quarter.

Average automobile finance increased $0.5 billion, the bank reported. Huntington reports that increase was driven by a change in origination volume and the bank targeting high credit consumers.

Huntington has been increasing its prime rate along with the Federal Reserve for the past year.

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Last modified on Tuesday, 29 January 2019 14:47