Citigroup Inc. said Monday that it had agreed to sell its auto finance unit to Dime Bancorp.

The unit has a $930 million loan portfolio and relationships with over 1,100 lenders. Terms of the deal were not disclosed, though Dime chief executive Lawrence J. Toal deemed it "attractive."

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.