Truist Bank to close Tempe facility and lay off 120 Regional Acceptance workers
SOURCENews reportView the filing ↗
What we know
Location: Tempe, Arizona, USA.
Department affected: Regional Acceptance Corp. (near-prime auto loan subsidiary).
A specific layoff date has not been disclosed.
Based on news reporting.
Summary
Truist Bank, the retail banking arm of Truist Financial Corp., notified the Arizona Department of Economic Security via a WARN letter that it will permanently close its facility at 1700 North Desert Drive in Tempe and lay off 120 employees who work for its near-prime auto loan subsidiary, Regional Acceptance Corp. The letter, dated Sept. 15, states the layoffs will be spread from Nov. 30 through Feb. 28, 2027, when the Tempe facility will close. The notice was issued under the Worker Adjustment and Retraining Notification Act. The action affects workers at the Tempe facility specifically and is a company-planned workforce reduction tied to the facility closure.
Truist Financial Corporation cut 120 jobs in AZ affecting its Regional Acceptance Corp. (near-prime auto loan subsidiary) team.
That is roughly 0.3% of the 37,867 people Truist Financial Corporation employs.
LayoffTalk has tracked 4 layoff events at Truist Financial Corporation since September 2025, including 205 jobs documented in official WARN filings, with 3 additional events known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by Truist Financial Corporation.
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