Huntington Bank to Join City Skyline with Cincinnati Regional HQ Move
Move to Fountain Square will consolidate Huntington regional operations with long-term commitment to the heart of downtown Cincinnati
CINCINNATI--(BUSINESS WIRE)-- Huntington Bank (www.huntington.com) announced plans today to move its regional headquarters to 525 Vine Street on Cincinnati’s Fountain Square. The move is planned for mid-year 2015 to consolidate Huntington’s Cincinnati-area operations downtown by 2016. With the move, the building will become Huntington Center at 525 Vine and feature crown signage adding Huntington’s brand to the downtown skyline.
Huntington’s planned move would add 45 jobs to its downtown workforce with the relocation of its existing Rookwood-based office staff in 2016. A request for consideration of tax abatements in conjunction with the downtown employment increase is before Cincinnati City Council. Huntington anticipates a consolidated Cincinnati workforce of 153 or more with staff relocations to the new Huntington Center at 525 Vine. The Fountain Square property that will serve as the company’s new operations flagship for greater Cincinnati, Dayton, Springfield and surrounding areas is managed by McKnight Realty Partners.
“Huntington’s move to Fountain Square highlights our ongoing commitment to a strong presence in Cincinnati and the surrounding region, while supporting the continuing transformation of downtown,” said Kevin Jones, Huntington Southern Ohio-Kentucky region president. “We are excited to be a part of reenergizing the downtown workforce as we create new opportunities for our employees to maximize collaboration in a shared setting.”
Huntington plans to occupy three floors at Huntington Center at 525 Vine – 14 and 20-21 – for total square footage of approximately 50,000. A permanent branch will open in the building in 2016 with an interim location opened in conjunction with the 2015 move. In addition to planned crown signage on the east and south sides of the building, Huntington will also pursue opportunities for signage at the building’s street level.
“Huntington will be a welcome addition as our property becomes Huntington Center at 525 Vine,” said Bill Rudolph, McKnight Realty Partners principal. “We are pleased to add to the vitality of the building, including the enhancement to banking service availability on Fountain Square. We look forward to the transformation of Huntington’s space into a state-of-the-art modern, open work setting.” Huntington and McKnight have a track record of working together that includes Huntington’s long-term commitment to maintain its Pittsburgh regional headquarters at The Grant Building in that city’s downtown, Rudolph said.
“I am pleased Huntington Bank has selected Cincinnati for its new regional headquarters,” said Mayor John Cranley. “Huntington is a well-known and well-liked brand in the Queen City, and I think it’s a perfect fit to grow in the heart of our downtown. We appreciate the company moving its jobs here and we look forward to having it increase its presence as a corporate citizen.”
Huntington’s Cincinnati office is home to the company’s enterprisewide equipment leasing team and international banking program leadership. Huntington is the top SBA lender and also a leading auto bank lender in the surrounding region, as well as throughout its footprint. The bank has a network of 57 locations within its Southern Ohio-Kentucky region and 720 regional employees.
Huntington Bancshares Incorporated is a $64 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.
Huntington Bancshares Incorporated
Brent Wilder, 614-480-5875
Source: Huntington Bancshares Incorporated
Released November 7, 2014