Huntington Is Top Auto Lender in Ohio for Second Quarter in a Row
Experience in auto dealer financing boosts Huntington to top spot above other industry leaders
COLUMBUS, Ohio, May 5 /PRNewswire-FirstCall/ -- Huntington Bank (Nasdaq: HBAN; www.huntington.com) has announced that it is the number-one auto lender in Ohio for the second consecutive quarter.
The number-one ranking places Huntington ahead of other well-known banks and finance companies, such as Toyota Financial Services, GMAC, Ford Motor Credit, and JPMorgan Chase. Huntington captured 12.06 percent market share for all of Ohio for new and used cars and light trucks sold through franchised automobile dealers, in the quarter ending March 30, 2010.
"We are pleased for two consecutive quarters to be the number-one lender in Ohio. We see our ability to provide financing through our dealership network to vehicle purchasers throughout the state as a top priority, since transportation needs are so critical to the daily livelihood of Ohioans," said Nick Stanutz, senior executive vice president and auto finance and dealer services group executive.
In 2009, the bank was awarded an Auto Finance Excellence award by Auto Finance News. The award is presented annually to companies that have achieved notable success or contributed greatly to the auto finance industry.
Since the early 1950s, Huntington has provided new and used automobile financing and dealer services business. The bank currently provides financing for 2,000 dealerships in the Midwest, as well as other comprehensive banking services for many dealers.
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 May 5, 2010