Wachovia Partners With Minority Auto Dealers

South Florida Business Journal, June 27

Wachovia Corp.’s Dealer Financial Services division said it is forming a partnership with the National Association of Minority Automobile Dealers (NAMAD) with a goal of lending $1 billion to minority dealers over the next five years.

Wachovia, which has branches throughout South Florida, also said it will work with the dealer association to build relationships with minority dealers and provide financial training and other educational opportunities to workers.

The announcement follows an apology from Charlotte, N.C.-based Wachovia (NYSE: WB) earlier this month for two predecessor banks’ ties to slavery. Wachovia said at the time that it would partner with and fund community organizations to increase awareness of African-American history.

{snip}

More on this story.

Topics:

Share This

We welcome comments that add information or perspective, and we encourage polite debate. If you log in with a social media account, your comment should appear immediately. If you prefer to remain anonymous, you may comment as a guest, using a name and an e-mail address of convenience. Your comment will be moderated.

Comments are closed.