Huntington Bank to Add More Than 250 Jobs in Michigan in 2015 with Opening of Dozens More Meijer In-Store Branches
Huntington’s 2015 Meijer location opening plans will grow the bank’s Michigan branch network to third-largest in the state moving up two slots from the fifth largest
GRAND RAPIDS & TROY, Mich.--(BUSINESS WIRE)-- Huntington Bank announced today that its planned 2015 opening of 43 full-service branches in Michigan Meijer stores will add approximately 250 jobs throughout the state, bringing the number of jobs Huntington has added over five years in Michigan to 700 for a total of 2,300 Huntington employees in the state. Only last month Huntington announced the signing of a definitive agreement to purchase Michigan-based Macquarie Equipment Finance, Inc. and bring on more than 165 of its employees.
Huntington’s current expansion in Michigan will give the state more than 220 Huntington branches and rank the bank No. 3 in branches up from No. 5 in the state, according to Federal Deposit Insurance Corporation data.
“Huntington Bank’s continued commitment to job growth in Michigan has been important to our state’s economic comeback,” said Michigan Gov. Rick Snyder. “Both Huntington and Meijer have been standout community leaders throughout Michigan and it is exciting to see this great partnership expand. This expansion is another great example of our state’s momentum, strong economic climate, and demonstrates that Michigan is an ideal place to invest and grow a business.”
“Huntington has consistently focused on growing in Michigan. That’s why we continue to increase our Michigan branch network, bringing with it more jobs,” said John Irwin, Grand Rapids-based president of Huntington’s West Michigan region. “Our in-store branches are an important part of our strategy to give customers added convenience seven days a week. Our investment in these additional in-store branches further expands our statewide presence.”
“Our in-store branches are unique in that they are not just access points but full-service banking locations with extended hours, seven days a week,” said Mike Fezzey, Troy-based president of Huntington’s East Michigan region. “As such, we will be hiring highly capable bankers to service our customers’ needs. Huntington has been a valuable statewide employer for years, and we look forward to continuing to hire great Michigan people and connecting them to our growing customer base.”
Huntington’s commitment to offering a full-service in-store banking model that integrates with the traditional branch network is a significant contributor to the bank’s ongoing performance as a market leader attracting new customers. While in 2014 just 18 percent of Huntington’s branch network was composed of in-store locations, one in four new consumer household relationships were initiated at an in-store branch.
Unlike many other in-store branches, Huntington’s updated Meijer in-store design, which can be viewed on Huntington’s YouTube channel here or downloaded for broadcast here, increases private meeting space with two sit-down offices for confidential customer discussions. It also includes 24-hour access ATMs that welcome customers into the branch even outside of operating hours. All of Huntington’s Meijer branches are open seven days a week and offer banking services including mortgages, consumer and business loans and deposit accounts, and credit cards. Extended hours give Meijer shoppers the added convenience of banking in the evening and on the weekends.
Huntington’s 43 new Meijer in-stores will cover several locations, including: Allen Park, Alpena, Ann Arbor, Auburn Hills, Battle Creek, Canton, Clinton Township, Davison, Detroit, DeWitt, Fort Gratiot, Fraser, Grand Haven, Grand Rapids, Grandville, Greenville, Howell, Ionia, Jenison, Lapeer, Lowell, Madison Heights, Muskegon, Northville, Oxford, Portage, Rochester Hills, Saginaw, Southgate, Sterling Heights, Taylor, Traverse City, Warren, Waterford, Westland, White Lake, Williamsburg, Wixom, Woodhaven, and Wyoming.
Today’s announcement is the sixth major commitment Huntington has made to Michigan in the last five years. They include:
- In 2011 Huntington made $2 billion in lending available to Michigan commercial and small businesses, working with the Michigan Economic Development Corporation (MEDC).
- In 2012 Huntington announced a $100 million statewide commitment to affordable housing investment.
- In 2013 Huntington helped launch the Pure Michigan Micro Lending Initiative.
- In 2014 Huntington added 22 branch locations expanding into new markets in Mid- and East Michigan including Saginaw, Bay City, Midland and Monroe.
- In February 2015, Huntington announced the signing of a definitive agreement to purchase Bloomfield Hills, Michigan-based Macquarie Equipment Finance, Inc. With approximately $500 million of annual originations, MEF-US is the largest standalone, vendor independent provider of specialized technology financing with customer-centric asset management services in the United States.
Huntington also offers unique products including new interest-bearing accounts such as Huntington 5 Checking™ and Huntington 25 Checking™, which come with 24-Hour Grace® providing the opportunity to avoid overdraft fees. Huntington’s Voice Credit Card® comes with Late Fee Grace™1 and the ability to choose between rewards or a lower purchase APR.2 Customers can also access their accounts on the go with Huntington Mobile Deposit and Quick Balance, and make purchases with their Huntington debit or credit card by using Apple Pay™.
For more information on Huntington products and services, customers can call 1-800-480-BANK (2265) or visit www.huntington.com.
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a $66 billion asset regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, and its affiliates provide 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 retail 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 1,500 ATMs. Through automotive dealership relationships within its six-state retail banking franchise area and selected other Midwest and Northeast states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
1With Late Fee GraceTM the Bank must receive the required minimum payment by the day after the due date listed on the monthly billing statement in order to avoid a late charge. Regular payment cutoff times apply. Cutoff times vary by payment channel (via mail, in-branch, telephone, and Internet.)
2The Voice Credit Card lets you choose between the option to earn rewards or get a 3% lower purchase APR instead of rewards.
Apple and iPhone are registered trademarks of Apple Inc., registered in the U.S. and other countries. Apple PayTM is a trademark of Apple Inc.
Member FDIC. The logo mark, Huntington® ,24-Hour Grace® and Voice Credit Card® are federally registered service marks of Huntington Bancshares Incorporated. Huntington 5 CheckingTM ,Huntington 5 CheckingTM and Late Fee GraceTM are federally registered service marks of Huntington Bancshares Incorporated. The 24-Hour Grace® system and method are patented: US Pat. No. 8,364,581.
Source: Huntington Bancshares Incorporated
Released March 17, 2015