Associated Bank Expands Indirect Auto Lending

By Staff Writer October 12, 2021

Associated Banc-Corp, a Midwest banking franchise, has expanded its consumer loan offerings to include Associated Bank Auto Finance, an indirect auto lending channel available through eligible dealerships.

Initially, Associated Bank Auto Finance will be available to qualifying automobile dealerships in 13 states including Michigan, Indiana, Ohio, New York, Pennsylvania, New Jersey, Delaware, Connecticut, Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. A second phase is planned for early 2022, which will add Associated Bank’s three footprint states of Wisconsin, Minnesota and Illinois.   

Associated Bank Auto Finance will be led by Craig Stickney who comes to Associated with decades of experience in the space. Most recently, Stickney headed dealer finance at KeyBank and is bringing the majority of that team to Associated Bank to launch the indirect auto lending channel.

 “We are proud to welcome a core group of over 40 highly experienced colleagues and a leadership team with over 100+ years’ industry experience and existing dealer relationships who will run the business line,” said Tom Faughnan, executive vice president, director of consumer lending, Associated Bank. “Our team of auto financing professionals has extensive local market knowledge to meet dealers’ unique needs in a personal, professional and efficient manner.”

Associated Bank Auto Finance will be available 362 days per year including Saturdays, Sundays and most holidays.

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Last modified on Monday, 18 October 2021 15:00