Truist Financial is divesting its near-prime auto loan business. This action will lead to the closure of a facility in the East Valley. Approximately 120 jobs in Tempe will be eliminated as a result. The bank holding company is selling off this specific segment of its operations. This move impacts local employment and a specific financial service.
Tempe, Arizona
https://www.bizjournals.com/phoenix/news/2026/09/21/truist-subprime-loan-unit-closure-tempe-layoffs.html