Huntington National Bank is part of the regional bank holding company, Huntington Bancshares Incorporated. With assets of over $64 billion, the holding company based in Columbus, Ohio provides small business, consumer and commercial banking services along with its affiliates. Mortgage banking, foreign exchange, treasury management, equipment leasing, investment and wealth management, brokerage and trust services are also provided by the holding company.

Efficient Banking services

Founded in 1866, the company ranks in the 37th place in the list of largest bank holding companies in the United States. It held 610th rank in the Fortune 1000 companies list in 2008. Huntington National Bank, the banking affiliate of the company provides banking services in the commercial and retail markets in states including Kentucky, Indiana, Michigan, Pennsylvania, West Virginia and Ohio. The bank also provides online retail banking services. Additionally the bank also provides financial services through its offices located in Cayman Islands, Hong Kong and Florida. Though it had banking offices in the retail division in Florida, to focus on Midwestern operations it sold its branches to Sun Trust Bank in 2002. huntington national bank

Diversified financial services

Huntington National Bank has primary distribution channels, which include over 700 conventional and convenience branches situated in retirement centers and grocery stores via an arrangement of alternative financial service channels including mobile and internet banking and telephone banking. There are over 1,400 ATMs of the bank operating now. The bank also has ATM’s installed in all the branches of Eat’n Park, a restaurant chain based in Pittsburgh.

The restaurant chain was acquired by Huntington National Bank via its acquisition of the Sky Financial Group in 2007. The ATMs are now operated by third party providers. The bank also offers commercial banking services via its automobile dealership present in the banking franchise held by it in six states along with New England and Midwest region. Retail financing for its automobile dealer customers is also provided.

Major acquisitions

Huntington has had some major acquisitions in its long banking history. In the year 2006, Huntington Bank merged with Unizan Financial Corp. 2007, the bank merged with Sky Financial Group Inc. In the year 2009, the bank acquired Warren Bank in Macomb County in Michigan belonging to FDIC. In 2012, Huntington National Bank acquired Fidelity Bank situated in Southeastern Michigan belonging to FDIC (Federal Deposit Insurance Corporation). After the acquisition, Huntington has over 115 branches in Michigan with over 50 in Southeast Michigan region and over 600 branches in Midwest region.

The acquisition of Camco Financial Corp., Advantage Bank’s parent company based in Cambridge, Ohio marked its major expansion in Ohio in 2014. All offices of Advantage banking have been reopened as Huntington branches. Huntington also acquired 11 offices belonging to Bank of America in the Saginaw and Port Huron markets of Central Michigan raising the branches to 173 in Michigan State. Of the branches, 40 are present in Meijer supermarket centers. The bank is continuing with its expansion in Great Lakes area.

Investment venture

Huntington Bancshares is also involved in real estate investment via Huntington Preferred Capital, Inc. (HPCI) established in 1992. The stock of HPCI is owned by Huntington Preferred Capital II, Inc., Huntington Bancshares Incorporated, Huntington Preferred Capital Holdings, Inc. and Huntington Capital Financing LLC. All these companies are linked to Huntington Bancshares either via Huntington National Bank or directly. Huntington also owns the rights to Huntington Park in Columbus, Ohio, Huntington Center situated in Toledo, Ohio and a decade long sponsorship of Michigan State University from 2012. The company also provides financial upgrades of Spartan Stadium as an exchange for acknowledgement in the basketball, hockey and football venues, programs, scoreboards and videos.