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Quick Facts

Phone Number:
1-800-480-BANK
Bank Website:
huntington.com
Assets Managed:
$51.99 Billion
Headquarters:
Columbus, OH
Date Established:
January 6th, 1866
Equal Housing Lender / Member FDIC
Huntington National Bank

Profile Information:

Bank Headquarters: Columbus, Ohio, United States
Stock Symbol: HBAN
CEO: Stephen D. Steinour

Huntington National Bank is a banking company located in Columbus Ohio that has numerous branches and banking facilities in the continental United States, however most of the banks facilities are located in the states of Ohio and Michigan where the bank has 345 banking offices and 115 offices respectively. The bank employs just over 10,000 people and reported operating revenues of $3.7M in the 2008 year. The bank has operated for 143 years and has a network of almost 1,400 ATMs throughout the Mid West.

The company started back in 1866 when P. W. Huntington & Company opened for business. This form of the business stayed the same for 39 years before it was incorporated as a bank in 1905. Since then the bank has grown to be the 24th largest American bank.

Huntington National has taken a different diffraction to banking in the modern era, as the bank has spent time focusing on their core values with diversity being the one they hold the most value on. The aim to create a business culture that lives with the value of the diversity of the customers every day. By broadening their customer base across many diverse ethnic groups the bank hopes to grow in both monetary terms but in social terms, too. As customer perception is one of the most important things in the finance industry, investment into creating a positive image for the company is paramount. The company also sponsors a lot of programs in Ohio with its work with Ohio Rehabilitation Services Commission and work with Latinos in the area most noticeable.

The Huntington National Bank was a recipient of a bailout package in the recent banking crisis, receiving $1.4B through the purchase of stocks. Reviews on websites state that the bank was not forthcoming with passing on its bailout money to the customers that lost massive amounts of money in the crisis, which has left the people and customers of the bank very angry and upset. The bank still owes the government $1.327B which shows that the recovery for the banking sector and the eventual full reimbursement of the Federal Government is very much a long term project as the banking sector growth has not been uniform across the financial markets.

The Huntington National Bank was at the forefront of technological innovation in the 1990’s in which it broke new ground by becoming the leader in internet based banking. The banks website went online in June, 1996. The move was a major coup for the company who had planned on making banking more convenient for customers and thus making the lives of busy people easier. Since then internet banking has become one of the preferred ways of banking around the world showing that the movement into electronic technologies was a good one on the part of The Huntington National Bank






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