Huntington Bank Climbs Again in Monitor's 100 List of Top U.S. Finance Leasing Companies
COLUMBUS, Ohio, Aug. 31 /PRNewswire-FirstCall/ -- Huntington Equipment Finance, a division of the Huntington National Bank, has once again been ranked among the largest and fastest growing equipment finance companies in the United States.
The Monitor's analysis of 2008, ranked Huntington 50th overall in the industry compared to 56 in the 2007 standings, with a 19.3% increase in net assets. Despite the overall industry volume trend falling 9.6%, Huntington climbed two spots in the Monitor's New Business Volume rankings from 45 in 2007 to 43 in 2008.
The rankings were based on net investment in equipment related loans and leases as reported in year-end 2008 data.
"Since entering the market in 2001, I believe our growth can be attributed to the support of the bank along with the longevity and strength of our team," said Huntington Equipment Finance President Robert Allanson. "With our focus on providing solutions that help our clients develop and grow their businesses, we are confident that we will continue to maintain our place in the industry as we face the economic challenges that lie ahead."
Launched in 1974, the Monitor is the most widely read publication in the equipment leasing and finance industry.
Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Huntington has more than 143 years of serving the financial needs of its customers. Through our subsidiaries, including our banking subsidiary, The Huntington National Bank, we provide full-service commercial and consumer banking services, mortgage banking services, equipment leasing, investment management, trust services, brokerage services, customized insurance service program, and other financial products and services. Our over 600 banking offices are located in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. Huntington also offers retail and commercial financial services online at huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of almost 1,400 ATMs. The Auto Finance and Dealer Services group offers automobile loans to consumers and commercial loans to automobile dealers within our six-state banking franchise area. Selected financial service activities are also conducted in other states including: Private Financial Group offices in Florida; and Mortgage Banking offices in Maryland and New Jersey. International banking services are available through the headquarters office in Columbus and a limited purpose office located in both the Cayman Islands and Hong Kong.
SOURCE Huntington Bancshares Incorporated
Released August 31, 2009