Stephen Hoffman to Lead Huntington Bank’s New Energy Initiative
COLUMBUS, Ohio -- November 20, 2012
Huntington Bank (NASDAQ: HBAN; www.huntington.com) today appointed Stephen
Hoffman managing director, energy banking. Hoffman will lead the expansion of
Huntington’s commercial banking services for the oil, gas, coal, shale and
other natural gas production industries across Huntington’s markets.
Hoffman joins Huntington from Bank of America where he spent more than 20
years leading various aspects of the organization’s energy, government and
natural resources divisions, most recently as managing director.
“Stephen brings a passion for the energy sector that’s marked by a
comprehensive understanding of the business cycles and financial challenges
associated with alternative energy, oil, and natural gas production,” said
Rick Remiker, executive vice president and managing director of Huntington’s
specialty banking division. “He has the ability to consistently mobilize
talent and resources for these industries. His track record to deliver a mix
of compelling products has resulted in a portfolio of energy customers
renowned for achieving profitable growth.”
Midwestern growth in shale and other natural gas production is expected to
skyrocket over the next 25 years. In Ohio alone the 31,462 shale-related jobs
in 2010 are projected to increase to 41,366 by 2015 and 81,349 by 2035
according to a study by IHS Global Insight for America’s Natural Gas Alliance.
Hoffman considers Huntington’s diverse infrastructure, expanding treasury
management and capital markets offerings, market presence and depth of talent
essential strengths for successfully helping energy companies prosper during
this latest surge.
“Huntington is well positioned to deliver the broad range of financial
expertise today’s energy companies need to weather operational challenges that
can accompany rapid growth,” said Hoffman. “From investments to cash
management strategies, access to capital is critical to addressing the supply
and drilling workforce and related issues.”
Hoffman earned his MBA from the Boston College Carroll School of Management
and bachelor’s degree in history from St. Anselm College.
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.
The Huntington National Bank, Member FDIC. The logo mark and Huntington® are
federally registered service marks of Huntington Bancshares Incorporated.
Huntington Bancshares Incorporated
Michael K. Sherman, 614-480-6114
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