Huntington Bank Increases Detroit Area Investment with Two New Branches in the City and One in Pontiac
New branches follow Huntington’s $2 billion lending commitment to Michigan businesses
DETROIT--(BUSINESS WIRE)-- Huntington Bank (NASDAQ: HBAN:www.huntington.com) will open two branches in Detroit and one in Pontiac this fall as part of its ongoing investment in Michigan.
The announcement was made today at a news conference by Huntington’s Southeast Michigan President Michael Fezzey and Mayor Dave Bing. They were joined by Compuware CEO Peter Karmanos, Wayne County Executive Robert Ficano, and Dave Blasciewicz, president of Invest Detroit and president and CEO of the Downtown Detroit Partnership.
Fezzey also announced today that Huntington will donate $5,000 to the Downtown Detroit Partnership to benefit Campus Martius Park as another sign of its commitment to the city of Detroit. Today’s announcement was held at the Compuware Building in Campus Martius where the first new branch will open on Oct. 31. Community leaders and elected officials from Southeast Michigan also joined today’s announcement.
“Huntington believes in Detroit’s future and leadership,” said Fezzey, a Detroit native, who has been active in the Detroit community for 30 years. “Huntington has been dynamically investing in and growing our business in Southeast Michigan. We look to the future for further expansion by providing our customers with more convenience and innovative products. We see many opportunities in Detroit and look forward to further investment in the city.”
In addition to the Campus Martius branch, Huntington will open a branch at 1821 N. Perry Street on Dec. 5 and one in the Glory Supermarket at 8000 W. Outer Drive in Detroit also on Dec. 5. The new branches will bring the number of Huntington branches in the Southeast Michigan to 52.
"We are thrilled that Huntington Bank is making this commitment and recognizing that Detroit is a great place to invest," said Mayor Dave Bing. "We need the support of our lending institutions to help small businesses create jobs and strengthen our neighborhoods. Huntington Bank is an important partner in this effort."
In June, Huntington announced a groundbreaking public-private lending partnership with the state of Michigan and the Michigan Economic Development Corporation (MEDC) by committing $2 billion in commercial and small business lending throughout the state. The four-year commitment is aimed at generating jobs and attracting businesses to Michigan. Huntington is the first Michigan bank to enter into this partnership.
Huntington’s expertise in small business lending has made it the No. 1 SBA lender in Michigan and the 3rd largest SBA lender in the country.
For more information about Huntington, visit www.Huntington.com.
Huntington Bancshares Incorporated is a $53 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 product 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 over 600 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 over 1,300 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
Huntington Bancshares Incorporated
Maureen Brown, 614-480-5512
Source: Huntington Bancshares Incorporated
Released October 5, 2011