Intent on becoming a major player in the indirect auto lending business, Bank of America is spending $25 million on a high-tech regional auto loan processing center in Las Vegas.

The 85,000-square-foot facility - expected to be completed in June - will house 560 employees handling loans generated from auto dealers in nine states. The center will be equipped with such leading-edge technologies as satellite communications, video conferencing, and imaging systems, all of which are expected to expedite the processing of an estimated 50,000 loan requests each month.

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