Highland-Clarksburg Hospital Announces $34.8 Million Loan Through Huntington Bank and USDA

  Highland-Clarksburg Hospital Announces $34.8 Million Loan Through Huntington
  Bank and USDA

Business Wire

CHARLESTON, W.Va. -- January 18, 2013

Highland-Clarksburg Hospital officials are pleased to announce they have
closed on a $34.8 million construction loan syndicated through Huntington
National Bank for necessary renovation costs on the Highland-Clarksburg
Hospital (HCH). The newly formed Highland-Clarksburg Hospital Inc. (HCHI) was
approved to operate a 150-bed behavioral health facility in the former United
Hospital Center (UHC). More than 200 construction jobs will be created by the
renovation project. Once fully operating, Highland plans to employ 294 staff
members.

“With the funds in hand, we are finally prepared to begin the work,” said Mike
Casdorph, Director of Facility Development and Construction for Highland.
“Renovations and construction started on January 15, 2013,” he added.

Huntington and Highland-Clarksburg Hospital worked with USDA Rural
Development, which is providing the hospital with a $21 million loan through
its Community Facilities Program in addition to $13.8 million in permanent
financing provided by Huntington. Highland has secured the firm of Associated
Architects for the design plan and RC General Contractors as the Construction
Manager.

“Highland is profoundly dedicated to individual, family and community
well-being,” said Andy Paterno, Huntington Bank’s West Virginia Regional
President. “Huntington shares Highland’s commitment to West Virginia and to
helping finance a project that will bring jobs to the area. This is a great
example of a public and private partnership between state, federal programs
and local banks,” he added.

“The unwavering support from City of Clarksburg officials, Harrison County
officials and Governor Tomblin’s office has been remarkably steadfast,” said
Jim Dissen, Chairman and CEO of Highland Hospital. “Huntington is helping us
lead the way with a financial package that merges federal funding with a
sophisticated understanding of our approach to meeting the community’s
healthcare needs and the vital difference we will be able to make through this
expansion.”

UHC donated the facility to Highland in December of 2010. On December 1, 2011
the West Virginia Health Care Authority rendered their decision to approve
Highland’s Certificate of Need (CON).

Huntington expanded its specialized healthcare banking services in February of
last year with the appointment of Dan Storer as managing director. Huntington
for Healthcare delivers commercial, treasury management, wealth management,
business banking, insurance and equipment finance services to key healthcare
industry subsectors. These include hospitals, medical and dental groups,
senior living and long-term care facilities, home healthcare, medical device
manufacturers, specialty pharmaceuticals and other niche healthcare services.
Visit https://www.huntington.com/commercialhealthcare/ for more information.

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 700 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 1,300 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.

About Highland

Highland Hospital has been providing understanding, support and family-focused
behavioral health treatment since 1955. They operate a new 98-bed facility in
Charleston which treats children, adolescents and adults. The new 150-bed HCHI
will have 115 adult-beds and 35 youth-beds.

Contact:

Huntington Bancshares Incorporated
William Eiler, 412-227-4858
or
Highland Hospital
Jim Strawn, 304-348-1417
 
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