NEWS RELEASE OF HUNTINGTON BANCSHARES INC.

Exhibit 99.1


FOR IMMEDIATE RELEASE
July 17, 2001

Contacts:
Investors Media
Laurie Counsel (614) 480-3878 Jeri Grier (614) 480-5413
Cheri Gray (614) 480-3803 Laura Bowers (614) 480-4433


HUNTINGTON BANCSHARES REPORTS
SECOND QUARTER 2001 EARNINGS


Reports operating earnings of $.30 per share

After-tax charge of $72 million taken in the quarter related to previously
announced restructuring and strategic refocusing

Net interest income increased 7% from the year-ago quarter

Fee income up 13% from the year-ago quarter


COLUMBUS, Ohio - Huntington Bancshares Incorporated (NASDAQ: HBAN;
www.huntington.com) today reported second quarter operating earnings, excluding
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restructuring and other charges, of $74.5 million, or $.30 per share. These
results compare with $67.9 million, or $.27 per share for the first quarter and
$97.5 million, or $.40 per share in the prior year's quarter.

On July 12, Huntington announced a comprehensive restructuring and
strategic refocus on its core Midwest markets. In conjunction with the
restructuring, Huntington said it would record restructuring and other charges
of approximately $140 million after tax to be taken in the second, third, and
fourth quarters of 2001. The portion of the total charge taken in the second
quarter of 2001 was $72.1 million after tax, primarily related to credit and
asset impairment. Including the restructuring and other charges, the company
reported earnings of $2.4 million, or $.01 per share in the second quarter.

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Excluding the restructuring and other charges, the return on average assets
for the quarter was 1.05% and the return on average equity was 12.43%, versus
ratios of .97% and 11.53% in the prior quarter and 1.37% and 17.79% for the same
quarter a year ago.

Year-to-date, operating earnings were $142.4 million, or $.57 per share,
compared with six-month results of $201.7 million, or $.82 per share, for the
same period a year ago. Year-to-date, reported earnings were $70.2 million or
$.28 per share. Subsequent results discussed in this press release are on an
operating basis and exclude the impact of the restructuring and other charges.

"While our second quarter results excluding charges were in line with
expectations, this earnings performance is clearly not satisfactory," said
Thomas Hoaglin, president and chief executive officer of Huntington Bancshares
Incorporated. "As we announced last week, we are taking a series of strategic
and financial restructuring actions aimed at strengthening the company and
positioning it for future growth. The entire Huntington management team is
committed to our plan - including sharpening our focus on our core Midwest
markets, streamlining operations and reducing costs, and creating a more
customer-centric organization - in order to improve our core earnings, capital
position and operating efficiency. With the announced restructuring plan, we
have taken only the first step to improving Huntington's performance and
returning the company to its position as a premier regional bank. We will now
focus aggressively on the execution of our plan with the ultimate goal of
delivering enhanced value to our shareholders."

Net interest income increased $4.9 million from the first quarter to $248.0
million and was up 7% from the second quarter a year ago. Over the last two
quarters, the net interest margin has expanded 27 basis points from 3.70% to
3.97%. This expansion resulted from the reduction of lower-yielding investment
securities and the decline in short-term interest rates. In the second quarter,
the net interest margin increased 4 basis points from the previous quarter.

Total managed loan growth continued to moderate as a result of the general
slowdown in economic activity. Annualized loan growth was 5% in the second
quarter, compared with 6% in the first quarter and 11% in the fourth quarter of
2000. Reduced demand for automobile dealer floor plan financing caused
commercial loan growth to decline to 4% in the second quarter from 9% in the
previous quarter. Consumer loan growth remained stable at 6%, as home equity
lines of credit grew at an annualized rate of 16%.

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Non-interest income, excluding securities gains, was $130.7 million, up
$15.2 million, or 13%, from the second quarter of 2000. Mortgage banking income
increased significantly during the quarter to $18.7 million, as origination
volume increased to $951 million from $363 million in the second quarter a year
ago. Brokerage and insurance income increased 39% from the year-ago quarter,
driven primarily by strong annuity sales and insurance activity. Trust income
increased 15%, reflecting increased revenue from the company's proprietary
mutual funds. Non-interest income in the second quarter increased $15.1 million
from the previous quarter.

Non-interest expense totaled $233.3 million in the second quarter, up $35.2
million from the year-ago quarter. The year-over-year increase was driven by a
low level of expenses in the prior year's quarter, higher personnel expenses,
and premiums paid on residual value insurance for the auto lease portfolio.
Operating expenses declined slightly from the previous quarter, with the
efficiency ratio improving to 58.6% in the second quarter from 62.0% in the
previous quarter.

Net charge-offs, as a percent of average loans, totaled .73% in the second
quarter versus .55% in the previous three months. Charge-offs increased in the
commercial and indirect loan and lease portfolios, reflecting weakened financial
conditions resulting from the slower economy. Non-performing assets increased
$41.1 million from the first quarter to $166.0 million, representing .79% of
total loans and other real estate at quarter-end versus $124.9 million or .60%
at the end of the first quarter. The allowance for loan losses was increased to
1.67% of total loans from 1.45% in the previous quarter as a result of
additional credit reserves associated with the aforementioned charges.

At June 30, 2001, Huntington's tangible equity to assets ratio was 5.97%,
essentially unchanged from the previous quarter. Huntington expects to improve
this ratio to a minimum of 6.5% following the completion of its previously
announced restructuring plan.

Webcast Information

A conference call to discuss second quarter results will be held today at
2:00 p.m. Eastern and will be available via a live Internet Webcast at
www.streetfusion.com. A replay of the Webcast will be archived at that same
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address until midnight July 31. The supplemental financial tables as well as the
slides for the conference call are available at www.huntington-ir.com and
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will be filed, along with management's comments, with the Securities and
Exchange Commission on Form 8-K.

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About Huntington

Huntington Bancshares Incorporated is a $28 billion regional bank holding
company headquartered in Columbus, Ohio. Through its affiliated companies,
Huntington has more than 135 years of serving the financial needs of its
customers. Huntington provides innovative products and services through more
than 500 offices in Florida, Indiana, Kentucky, Maryland, Michigan, New Jersey,
Ohio and West Virginia. International banking services are made available
through the headquarters office in Columbus and additional offices located in
the Cayman Islands and Hong Kong. Huntington also offers products and services
online at www.huntington.com; through its technologically advanced, 24-hour
telephone bank, and through its network of more than 1,400 ATMs.

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This press release contains certain forward-looking statements, including
certain plans, expectations, goals, and projections, which are subject to
numerous assumptions, risks, and uncertainties. Actual results could differ
materially from those contained or implied by such statements for a variety of
factors including: changes in economic conditions; movements in interest rates;
competitive pressures on product pricing and services; success and timing of
business strategies; the successful integration of acquired businesses; the
nature, extent, and timing of governmental actions and reforms; and extended
disruption of vital infrastructure. All forward-looking statements included in
this news release are based on information available at the time of the release.
Huntington assumes no obligation to update any forward-looking statement.

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HUNTINGTON BANCSHARES INCORPORATED
CONSOLIDATED RESULTS OF OPERATIONS
(in thousands, except per share amounts)