Huntington’s Expansion into Financial Institutions and Aerospace Sectors

Huntington National Bank's Expanding Horizons

Huntington National Bank is taking bold steps in enhancing its commercial banking segment. The bank has introduced two new specialty verticals: the Financial Institutions Group and the Aerospace & Defense Group. This exciting development demonstrates Huntington's commitment to serving clients across diverse sectors while broadening its national footprint.

Introduction of Specialty Verticals

These new verticals are designed to boost Huntington’s capabilities in corporate, specialty, and government banking. By focusing on these niches, the bank aims to cater to a wider client base. In addition to this strategic move, Huntington has also expanded its middle-market banking presence in various regions, ensuring they are well-equipped to meet the needs of clients across the nation.

Details of the Financial Institutions Group

The Financial Institutions Group at Huntington plays a crucial role in supporting a variety of financial entities. These include insurance companies, asset management firms, broker-dealers, and clearinghouses. Senior Managing Director Benjamin Los leads this group, having previously honed his experience in similar roles at significant financial institutions. His leadership is expected to facilitate a seamless approach tailored to the complex financial needs of clients in this sector.

Focus on the Aerospace & Defense Sector

Equally as significant is the Aerospace & Defense Group, which focuses specifically on commercial aerospace suppliers and defense-related entities. This specialized team also supports government service providers. Under the leadership of Jeff Harrick, a seasoned professional with extensive experience in corporate and investment banking, this group is positioned to offer in-depth financial solutions and expertise. Harrick’s background as an Army veteran adds a unique perspective to their operations.

Comprehensive Banking Services

Not only do the new teams focus on advisory services, but they also provide a full range of corporate banking capabilities. These include liquidity and treasury management, capital markets, and corporate finance. The recent recruitment efforts aim to enhance Huntington's capabilities even further, bringing in talent from various financial institutions with specialized skills.

Leadership Insights on Growth Opportunities

According to Tizu Menelik, the executive managing director of corporate, specialty, and government banking at Huntington, there exists a significant opportunity to address the complex financial needs within these sectors. Menelik emphasizes how the bank looks forward to utilizing their expertise to benefit a diverse range of clients, thus strengthening their service offerings in vital industries.

About Huntington National Bank

Huntington Bancshares Incorporated operates as a regional bank holding company with assets exceeding $201 billion. Established in 1866 and headquartered in Columbus, Ohio, Huntington National Bank, along with its affiliates, delivers a comprehensive suite of banking, payments, wealth management, and risk management services. With 975 branches across 12 states, Huntington also offers services in extended geographies, solidifying its role as a crucial player in the financial sector.

Frequently Asked Questions

What new verticals has Huntington National Bank introduced?

Huntington National Bank has introduced the Financial Institutions Group and the Aerospace & Defense Group to enhance its services.

Who leads the Financial Institutions Group at Huntington?

The Financial Institutions Group is led by Benjamin Los, who has a strong background in financial services.

What types of clients does the Aerospace & Defense Group serve?

This group serves commercial aerospace suppliers, defense product suppliers, and government service providers.

What services are offered by these new banking verticals?

The new verticals provide advisory services, liquidity and treasury management, capital markets, and corporate finance.

How many branches does Huntington operate?

Huntington operates 975 branches in 12 states across the country, highlighting its extensive reach.

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