Huntington holds top spot in SBA lending in Midwest states far
outpacing competitors
Company Website:
http://www.huntington.com
COLUMBUS, Ohio -- (Business Wire)
Once again, the U.S. Small Business Administration (SBA) has recognized
Huntington (NASDAQ: HBAN;
www.huntington.com)
as the No. 3 lender in the nation for number of SBA 7(a) loans.
Huntington continues to deliver on its promise to lend to small
businesses throughout the Midwest, a firm commitment made three years
ago when it mattered most.
In addition to its high national ranking, Huntington also remains the
No. 1 lender among Midwest states for both the number and dollar amount
of SBA 7(a) loans provided to small businesses1.
According to the SBA, Huntington made 2,557 SBA 7(a) loans for a total
of $417.43 million for the period from October 1, 2011 through September
30, 2012. Huntington far exceeded its closest market competitors in the
Midwest with more than five times the number of loans, and more than
four times the dollar volume.
“As we have continued to demonstrate, lending to the small business
community in the Midwest is a priority at Huntington, and we remain
dedicated to this mission because we believe a strong business
foundation makes for resilient Midwest communities and an even healthier
U.S. economy,” said Steve Rhodes, Huntington’s director of business
banking. “Our commitment to this belief is underscored in the loans we
have made and the positive impact those loans have had on our
surrounding communities including job growth.”
The new SBA results pinpoint Huntington as the top lender in Ohio and
Michigan, in both number of loans and total loan amount, and the top
lender in volume and second in loan amount in Indiana, West Virginia,
and Western Pennsylvania. Huntington's performance by state:
-
Ohio: 1,496 loans with a dollar volume of $223.84 million, No. 1 both
in number of loans and dollar amount
-
Michigan: 611 loans with a dollar volume of $128.8 million, No. 1 both
in number of loans and dollar amount
-
Indiana: 222 loans with a dollar volume of $28.42 million, No. 1 in
number of loans and No. 2 in dollar amount
-
Western Pennsylvania: 128 loans with a dollar volume of $21.1 million,
No. 1 in number of loans and No. 2 in dollar amount
-
West Virginia: 52 loans with a dollar volume of $9.90 million, No. 1
in number of loans and No. 2 in dollar amount
-
Kentucky: 45 loans with a dollar volume of $5.06 million, No. 2 in
number of loans and No. 5 in dollar amount
To date, Huntington has now lent more than $3.8 billion to small
businesses since February 2010, positioning the bank well ahead of pace
in providing $4 billion in financing to small businesses in the Midwest
over a three-year period.
“Huntington made this important three-year lending goal in 2010, at a
time when businesses needed help, and when it mattered most,” noted
Rhodes. “Huntington is proud to have kept its commitment and we will
continue to support small businesses by providing credit and financial
advice, which will further drive our already strong Midwest recovery
forward.”
For more information about Huntington and its small business lending
programs, visit https://www.huntington.com
or call 1-800-480-2001.
About Huntington
Huntington Bancshares Incorporated is a $56 billion regional bank
holding company headquartered in Columbus, Ohio. The Huntington National
Bank, founded in 1866, provides full-service commercial, small business,
and consumer banking services; mortgage banking services; treasury
management and foreign exchange services; equipment leasing; wealth and
investment management services; trust services; brokerage services;
customized insurance brokerage and service programs; and other financial
products and services. The principal markets for these services are
Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania,
Indiana, West Virginia, and Kentucky. The primary distribution channels
include a banking network of more than 690 traditional branches and
convenience branches located in grocery stores and retirement centers,
and through an array of alternative distribution channels including
internet and mobile banking, telephone banking, and more than 1,380
ATMs. Through automotive dealership relationships within its six-state
banking franchise area and selected other Midwest and New England
states, Huntington also provides commercial banking services to the
automotive dealers and retail automobile financing for dealer customers.
1Huntington is the #1 SBA 7(a) lender in the region
made up of Indiana, Kentucky, Ohio, Michigan, West Virginia and Western
PA, Source: U.S. Small Business Administration fiscal year, ending
September 30, 2012.
The Huntington National Bank, Member FDIC. The logo mark and
Huntington® are federally registered service
marks of Huntington Bancshares Incorporated.
Contacts:
Huntington Bancshares Incorporated
Matthew Samson, 614-480-3763
matthew.samson@huntington.com
Source: Huntington Bancshares Incorporated
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