Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,522.38 20.73 0.13%
S&P 500 1,882.73 7.34 0.39%
NASDAQ 4,152.97 26.00 0.63%
Ticker Volume Price Price Delta
STOXX 50 3,189.81 13.84 0.44%
FTSE 100 6,703.00 28.26 0.42%
DAX 9,548.68 4.49 0.05%
Ticker Volume Price Price Delta
NIKKEI 14,404.99 -141.28 -0.97%
TOPIX 1,164.90 -8.91 -0.76%
HANG SENG 22,562.80 53.16 0.24%

Huntington Expands Auto Dealer Financing Business into Connecticut



  Huntington Expands Auto Dealer Financing Business into Connecticut

Business Wire

COLUMBUS, Ohio -- June 17, 2013

Huntington (NASDAQ: HBAN; www.huntington.com) has announced that it is
expanding its successful auto dealer financing business into Connecticut and
has added key personnel into the state to support the initiative.

“The addition of Connecticut completes Huntington’s expansion strategy of
providing auto dealer financing into the New England region,” said Rich
Porrello, director of Huntington Automobile Finance. “After becoming a
meaningful partner with the existing dealers in the New England states we
serve, we want to bring our indirect platform to the Connecticut dealers who
want to be affiliated with a bank that offers a proven track record of
consistent underwriting, rapid funding, and superior customer service.”

Huntington has hired a seasoned team with local market knowledge for the
state. Huntington is processing applications now and expects to provide
financing solutions to more than 140 dealers throughout Connecticut.

“Our success in the Midwest and New England region proves we have a successful
business model, one that we now bring to auto dealers in Connecticut,”
Porrello added.

Huntington Automobile Finance (HAF) has continually met the financial needs of
automotive dealers for more than 60 years. This includes the financing of new
and used automobiles purchased by the dealer’s retail customers, as well as
commercial loans to the dealer primarily to finance new and used vehicle
inventory. Dealerships served are located within Huntington’s primary banking
markets of Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky,
and selected other markets including, Minnesota, Wisconsin, Tennessee, New
Jersey and six New England states: Maine, Vermont, New Hampshire,
Massachusetts, Rhode Island and Connecticut.

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
Cynthia Kincaid, 614-480-5415
cynthia.kincaid@huntington.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement