Huntington National Bank
 |
|
| Public | |
| Traded as |
NASDAQ: HBAN S&P 500 Component |
| Industry | Finance and Insurance |
| Founded | 1866, P.W. Huntington |
| Headquarters | Columbus, Ohio |
|
Key people
|
Stephen D. Steinour, Chairman, President and CEO (2009) |
| Products | Banking |
| Revenue | 2,950,849,000 (2011) |
| Total assets | $72.64 billion (May 2016) |
|
Number of employees
|
14,511 |
| Website | www |
Huntington Bancshares, Inc. is an American bank holding company headquartered in Columbus, Ohio. As of June 2016, the company had $74 billion in assets, making it the 32nd largest bank holding company in the country. The company is a component of the S&P 500. It was ranked number 610 on the 2008 Fortune 1000.
The company's banking affiliate, The Huntington National Bank, provides retail and commercial financial services in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia; its 2016 acquisition of FirstMerit Corporation expands its presence into Illinois and Wisconsin. Huntington also provides retail services online.
There also are selected financial service activities in other states, including offices in Florida, Cayman Islands, and Hong Kong. Huntington also maintained retail banking offices in Florida until 2002, when it sold them to SunTrust Banks to focus on its core Midwestern operations.
P. W. Huntington formed P. W. Huntington & Company in 1866. Huntington built its first 5-story building in 1878. Four out of five sons of P. W. would become partners during the 1890s and early 1900s. The bank was incorporated in 1905 as The Huntington National Bank of Columbus. Huntington died in 1918 shortly after turning the bank over to his sons. Francis Huntington became president and provided active leadership for 14 years. In 1915, the bank receives limited trust powers. In 1922, the bank received full trust powers from the Federal Reserve System. In 1923, Huntington purchased Columbus-based the State Savings Bank & Trust Company and the Hayden-Clinton National Bank of Columbus, thus swelling its capital base considerably. In 1958, Huntington acquired the Columbus-based The Market Exchange Bank Company. In 1962, Huntington acquired both First National Bank of Grove City and The People's Bank of Canal Winchester. In 1963, Huntington acquired both The Columbus Savings Bank and the Columbus-based The Northern Savings Bank. In 1966, Huntington Bancshares Incorporated (HBI) was established as a bank holding company. In 1967, Huntington Bancshares acquired the Washington Court House-based The Washington Savings Bank. In 1969, Huntington Bancshares acquired the Ashland-based Farmers Bank. In 1970, Huntington Bancshares acquired the Bowling Green-based The Bank of Wood County Company, the Toledo-based The Lucas County State Bank, and Lagonda National Bank of Springfield. In 1971, Huntington Bancshares acquired First National Bank & Trust Company of Lima, The Woodville State Bank, and the Kent-based The Portage National Bank. In 1972, Huntington Bancshares acquired The First National Bank of Wadsworth and The First National Bank of Kenton also establishing the first ever 24-hour, fully automated banking office. In 1973, Alger Savings Bank merged into an affiliate in Kenton, Ohio. In 1976, The Huntington Mortgage Company formed as a subsidiary of Huntington Bancshares with The Pickerington Bank being merged into the bank. In 1977, Huntington Bancshares acquired The Bellefontaine National Bank, The Central National Bank of London, and Columbus-based The Franklin National Bank. In 1979, a loan production office opened in Dayton, Ohio.
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