Regions Financial Corp. said Thursday that it would stop making auto loans through dealerships this year.

A spokesman for the $144 billion-asset Birmingham, Ala., company said the plan to close its indirect auto business followed a decision to focus more on originations made within its bank branches.

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.