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# Truist agrees $5.5 billion auto-loan sale to exit near-prime lending business
- URL: https://www.theglobalbanker.com/truist-agreed-5-5-billion-auto-loan-sale-to-exit-near-prime-lending-business/
- Published: 2026-09-16T10:52:21.000Z
- Updated: 2026-10-02T01:12:50.000Z
- Description: Truist agreed to sell $5.5 billion of auto loans representing substantially all Regional Acceptance assets, expecting $5.2 billion in net proceeds as it moved to exit near-prime lending.
- Author: TGB Editorial Team
- Tags: M&A, Americas

Truist Financial agreed to sell $5.5 billion of auto loans as part of its exit from near-prime auto lending, according to disclosures released on 15 September. The portfolio represents substantially all assets of Regional Acceptance Corporation. Completion remains subject to customary conditions.

The disposal follows earlier reductions in consumer lending businesses. Truist stopped originating marine and recreational-vehicle loans in the second quarter, Banking Dive reported. It also “significantly reduced” originations in other “less strategic and less profitable” segments such as prime and nonprime auto, Maguire said in July.

#### CAPITAL AND RESERVE EFFECTS

The bank estimated net proceeds of $5.2 billion and a $535 million loan-loss reserve recapture. Its presentation projected $945 million of additional common equity tier 1 capital, equivalent to 22 basis points.

Truist described possible repayment of wholesale borrowing and repositioning of available-for-sale securities as illustrative deployment actions dependent on market conditions.

#### STRATEGIC REVIEW CONTINUES

Chief financial officer Mike Maguire said the wider review remained active, according to Banking Dive. Regional Acceptance’s limited opportunities for broader customer relationships were among the considerations behind the exit.

Truist expects closing late in the third quarter or early in the fourth quarter of 2026\. The bank projects modest earnings and return-on-tangible-common-equity benefits from its strategic actions in 2027.