Regional Acceptance Corporation, a Truist Bank affiliate, told the Texas Workforce Commission it plans to permanently close its facility on East Bardin Road, according to a Sept. 15 WARN Notice. The company said its closure is tied to the sale of certain assets and that operations at the Arlington facility are expected to end around February 28, 2027.\u00a0<\/p>\n
About 205 full-time employees at the Arlington office are expected to lose their jobs, with the first separations set to begin around Nov. 30 and a second round of layoffs by Feb. 28.\u00a0<\/p>\n
Regional Acceptance is not a household name for many Texans, but its work may seem familiar: auto loans. On its website, the company describes itself<\/a> as a national auto finance company with more than 40 years of lending experience and says in the notice that it is an affiliate of Truist Bank.\u00a0<\/p>\n Truist, headquartered in Charlotte, N.C., describes itself<\/a> as a top-10 U.S. commercial bank with wholesale and consumer businesses including small business and commercial banking, wealth management, payments and specialized lending. The company reported $556 billion<\/a> in total assets as of June 30.\u00a0<\/p>\n