A California thrift holding company is selling off the car leases and loans of a recently acquired thrift.

The plan is to convert the acquisition, California Thrift and Loan, Santa Barbara, into a finance company that would focus on auto loans but sell them to investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.