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Insurance

Truist Weighs Sale of Insurance Lender Afco Credit

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Truist is seeking a buyer for specialty lender Afco Credit as the bank sharpens its focus on banking operations, Bloomberg reported Monday (Oct. 26), citing unnamed sources. Afco handles insurance premium financing, and Truist is unloading noncore lending businesses, according to the report. Truist is looking to sell the business outright, or its assets, per […]

The post Truist Weighs Sale of Insurance Lender Afco Credit appeared first on PYMNTS.com .

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