trending Market Intelligence /marketintelligence/en/news-insights/trending/QDqTRbQHIk9ZHUq-XGd7cg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Santander Consumer acquires $1.1B indirect auto loan portfolio

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Santander Consumer acquires $1.1B indirect auto loan portfolio

Santander Consumer USA Holdings Inc. completed the acquisition of a $1.1 billion indirect auto loan portfolio from Gateway One Lending & Finance LLC.

An additional conversion of $500 million of indirect auto loan assets, which the company will sub-service for Gateway One Lending, is included in the deal.

As of Sept. 30, Santander Consumer serviced approximately $10 billion in auto assets for six financial institutions.

Gateway One Lending is a subsidiary of TCF National Bank, the banking unit of TCF Financial Corp.