Monday, Jan. 21, 2008, 07:00 PM UPDATED 11:59 AMBy Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced Monday that U.S. Bank, the sixth largest commercial bank in the United States, has joined its increasing list of finance sources on its Web-based credit application management system.
U.S. Bancorp, with $238 billion in assets, is the parent company of U.S. Bank. The company operates 2,518 banking offices and 4,867 ATMs. It provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions, executives indicated.
"We are pleased to welcome U.S. Bank to the RouteOne platform," said Mike Jurecki, RouteOne's chief executive officer. "They are a preferred finance source partner for many of our dealer customers. We look forward to assisting U.S. Bank in providing added value to their dealers."
Tom Wirth, president of U.S. Bank's Indirect Lending, added, "RouteOne has established itself as a premier credit application management system within the marketplace. A large number of our dealer customers already utilize RouteOne, and we believe that our integration with their platform will allow us to provide our dealer customers significant value and improve our level of customer service."
Along with the addition of U.S. Bank, RouteOne also recently announced that Union Bank & Trust Co. has also joined its growing list of finance sources.
According to officials, Union Bank & Trust offers complete banking, lending, investment and trust services. It is a prime lender and the third-largest privately owned bank in Nebraska, with bank assets of $1.5 billion and trust assets under management of $8.7 billion.
"Union Bank & Trust believes in arming their dealers with best-in-class tools for managing their business," Jurecki indicated. "We're proud to assist Union Bank & Trust in providing accelerated credit application management services to their dealer customers."
Jeff Vander Linden, senior vice president of consumer lending at Union Bank & Trust, added, "Union Bank and Trust is excited about our relationship with Route One and expanding our market in the Midwest. We are confident that Route One will enhance our ability to provide excellent service to the dealers in our market."
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