Huntington Recommits to Ohio Affordable Housing Investment Partnership, Breaks Own Historic Investment Record

  Huntington Recommits to Ohio Affordable Housing Investment Partnership,
  Breaks Own Historic Investment Record

  Huntington tops previous $100 million investment commitment with new $150
  million support announcement, providing a quarter-billion dollars for Ohio
                       affordable housing through 2015

Business Wire

CINCINNATI -- March 15, 2013

Huntington Bank (NASDAQ: HBAN; www.huntington.com) today announced it will
extend its already historic investment commitment to Ohio affordable housing
by funding $150 million in new and refurbished affordable rental housing
development statewide over the next few years. With the announcement,
Huntington breaks its own record for the single-largest Ohio affordable
housing investment in state history, and commits a 2010-2015 total of $250
million to improved housing opportunities projected to positively impact more
than 7,000 low- to moderate-income Ohio residents.

Huntington’s newly announced $150 million investment, targeted through 2015,
will generate approximately 2,000 new or refurbished affordable housing units
for nearly 4,500 Ohio residents statewide, and is anticipated to support 1,000
construction jobs. Huntington’s recently completed $100 million investment
program announced in summer 2010 supported more than 1,000 new or improved
affordable housing units housing 3,000 Ohio residents, and approximately 700
construction jobs.

Steve Steinour, Huntington’s chairman, president and CEO, joined Ohio Capital
Corporation for Housing (OCCH) President Hal Keller, Cincinnati Mayor Mark
Mallory, and other elected officials in Cincinnati today at a North Rhine
Heights Apartments building to make the $150 million affordable housing
investment commitment announcement, which continues Huntington’s and OCCH’s
partnership. A 14-building, 65-unit rehabilitation project in Cincinnati’s
downtown Over-the-Rhine neighborhood, North Rhine Heights Apartments is the
final, recently completed investment project supported by Huntington’s initial
$100 million commitment partnership with OCCH.

“Over the past three years, families, individuals, seniors and veterans have
benefited from Huntington's affordable housing investment,” said Steinour.
“With the state still experiencing a shortage of safe, affordable housing, we
are once again investing in housing. Along with our partner OCCH, we want to
help those displaced by the housing crisis and aid our communities as they
continue their economic recovery.”

“Every Cincinnatian deserves to live in a high quality, safe home that they
can afford. And every time that you build new quality housing in any
Cincinnati neighborhood, you are improving the quality of life for the whole
neighborhood,” said Mallory. “Huntington’s announcement today will have a huge
impact on countless Cincinnati families and families across Ohio.”

In committing $150 million in partnership with OCCH, Huntington will again
provide a funding resource by investing equity in affordable housing
properties throughout the state through tax credits issued by the Ohio Housing
Finance Agency. A new element of the partnership will focus on leveraging a
joint Huntington-OCCH investment of more than $1 million to provide physical
recreational services to affordable housing project residents, encouraging
better health and wellness.

“Huntington is taking yet another unprecedented step to support a better Ohio
by providing a renewed commitment to affordable housing that bests an already
impressive start,” said Keller. “This fresh investment infusion will energize
Ohio affordable housing by planting a new flag alerting developers that
another major capital pool is now available.”

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.

Contact:

Huntington contact:
Brent Wilder, 614-480-5875 o./614-935-8547 m.
brent.wilder@huntington.com
or
OCCH contact:
Mary Kay Meagher, 614-224-8446
mmeagher@occh.org
 
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