Huntington Bank, after carving out a big new area for its auto lending operation last year and adding two more states this year, says it probably won't expand into many more states.
"We could add a state or two, but it won't be anything broad-based," Chairman Stephen Steinour said in an Oct. 20 conference call. He said the bank has no plans to go nationwide.
Huntington Bank, of Columbus, Ohio, says it is one of the biggest indirect auto lenders in Ohio and Kentucky. The bank has a long-standing auto lending presence in Indiana, Michigan, Pennsylvania and West Virginia. Indirect loans are offered through dealerships.