Truist explores sale of Afco Credit specialty lending unit - Bloomberg

Investing.com -- Truist Financial Corp (NYSE:TFC) is exploring a sale of its specialty lending unit Afco Credit Corp., according to a Bloomberg report, marking the latest move by the regional lender to streamline balance-sheet exposure and refocus on core commercial banking operations. The Charlotte-based bank is collaborating with financial advisers to gauge buyer interest for the insurance premium finance provider, which manages roughly $6 billion to $7 billion in assets.