Huntington Bank Adds Senior Regional Directors To Asset Based Lending Management
COLUMBUS, Ohio, June 15 /PRNewswire-FirstCall/ -- Four experienced senior regional directors have joined Huntington Bank (Nasdaq: HBAN; www.huntington.com) in Asset Based Lending management, serving Ohio, Michigan, Indiana, and Kentucky. The new team members bring more than 95 years of combined experience to their new roles.
Serving northeastern and central Ohio will be Barry K. Sullivan and Timothy Griffin. James G. Farrell will oversee Michigan and northwestern Ohio, while R. Douglas Allen will manage Indiana, Cincinnati, and northern Kentucky.
"The addition of these four highly experienced people to our team will provide a robust level of service to our customers in these regions," said James Cannella, Huntington director of Asset Based Lending. "We are excited about the depth of experience and value they offer as we grow our asset based lending services."
Asset based lending is a type of financing in which the asset being purchased is used as collateral for the loan. Asset based loans are most commonly secured by inventory, accounts receivable, land, machinery, or other balance sheet assets.
Barry K. Sullivan
Sullivan has more than 25 years of experience in leveraged lending to mid-sized companies. He most recently worked at Webster Business Credit. He earned his MBA from Case Western Reserve University and has a bachelor's degree in finance from Cleveland State University. He is the former president of the Cleveland chapter of the Turnaround Management Association and current board member of the Ohio chapter of the Commercial Finance Association.
With more than 25 years of experience in asset-based lending, Griffin most recently worked at RBS Business Capital developing marketing programs and generating new business strategies. He earned his MBA and bachelor's degree in finance from Indiana University. He is the past president of the Ohio CFA and a former board member of the National Commercial Finance Association.
James G. Farrell
Farrell has more than 20 years of experience as a financial executive in capital formation and financing, turnaround management, and business development. Most recently, he worked at DW Associates, LLC providing consultative and business development services to a variety of business enterprises. He earned his bachelor's degree in finance from Michigan State University. Farrell is a member of the Turnaround Management Association and the Association for Corporate Growth. He was also the mayor of Williamston, Michigan.
R. Douglas Allen
Allen has nearly 25 years of experience advising medium-sized companies on issues of capital formation, turnaround management, and business development. Most recently, he worked at Raintree Capital Partners assisting clients with expansion acquisitions and shareholder liquidity events, restructuring, and business development. He earned his bachelor's degree in accounting from Indiana University's Kelley School of Business. He also holds certifications in FINRA Securities 62 & 63 examination and the Uniform CPA examination.
Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.
SOURCE Huntington Bancshares Incorporated
Released June 15, 2010