Fleetwood Credit Corp

Fleetwood Credit Corp. in Yorba Linda, the nation's largest lender to recreational-vehicle buyers and dealers, will be sold to a unit of BankAmerica Corp., the companies said Thursday. Details of the all-cash deal were not disclosed. BankAmerica, which recently merged with NationsBank, saw the Fleetwood acquisition as the logical way to expand its presence in the expanding recreational-vehicle, or RV, market, a spokeswoman said.

Fleetwood Enterprises, the second-largest U.S. maker of campers and motor homes, said it was in discussions with potential buyers for its insurance assets as it completed the sale of housing and finance units. The insurance assets are part of Fleetwood's HomeOne Credit Corp. unit, the company said. Fleetwood also said it had completed the sale of HomeOne's loan operations and Fleetwood's retail manufactured housing operations to Clayton Homes Inc., which is part of billionaire Warren E.

Fleetwood Enterprises, the second-largest U.S. maker of campers and motor homes, said it was in discussions with potential buyers for its insurance assets as it completed the sale of housing and finance units. The insurance assets are part of Fleetwood's HomeOne Credit Corp. unit, the company said. Fleetwood also said it had completed the sale of HomeOne's loan operations and Fleetwood's retail manufactured housing operations to Clayton Homes Inc., which is part of billionaire Warren E.

Fleetwood Credit Corp. in Yorba Linda, the nation's largest lender to recreational-vehicle buyers and dealers, will be sold to a unit of BankAmerica Corp., the companies said Thursday. Details of the all-cash deal were not disclosed. BankAmerica, which recently merged with NationsBank, saw the Fleetwood acquisition as the logical way to expand its presence in the expanding recreational-vehicle, or RV, market, a spokeswoman said.

BankAmerica Corp. agreed to buy Yorba Linda-based Fleetwood Credit Corp., a lender to buyers of recreational vehicles, from Associates First Capital Corp. as the largest U.S. bank expands its consumer finance group. The purchase will make BankAmerica the country's largest provider of loans for motor homes. Terms weren't disclosed.

NationsBank said Thursday it has completed its previously announced acquisition of Fleetwood Credit Corp., the recreational vehicle financing subsidiary of Associates First Capital Corp. Terms of the all-cash deal have not been disclosed. Fleetwood Credit, headquartered in Yorba Linda, is expected to retain its name and to be operated as a separate unit of the NationsBank Distribution Finance and Specialty Lending division unit, based in Alpharetta, Ga.