Inside Arra Finance’s acquisition of Crescent Bank’s auto business

Subprime auto lender Arra Finance on Sept. 15 completed its acquisition of Crescent Bank’s auto division.   Arra Finance acquired Crescent’s technology, IP, employees and portfolio servicing rights pertaining to the bank’s auto division, Arra Chief Executive and Chief Revenue Officer Kenn Wardle told Auto Finance News. The transaction price was not disclosed for the deal, […]