Last update 2022-08-10 3386 Stocks (180 new)
Value $9.29 Bil Turnover 5 %
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Huntington National Bank is an American banking corporation that is based out of Columbus, Ohio. The Huntington National Bank was previously known as the Huntington National Bank of Columbus before deciding to shorten its name to the current Huntington National Bank in 1979. The bank was incorporated in 1866 and has grown significantly to become one of the major banking institutions in the U.S. The company operates as the banking affiliate of Huntington Bancshares Inc., which holds over $69 billion in total assets and is ranked within the Fortune 1000. Huntington National Bank provides a variety of banking services to its clients through the company itself and through related affiliates. The bank caters to a variety of clients, providing services such as checking accounts, money market accounts, health saving accounts, credit cards, auto loans, personal loans, retirement plans, treasury management, risk management, employee compensation, government lending and capital solutions, trust services, specialty banking, commercial real estate, mortgage banking, online services, payment collection, HARP refinance, and many others. The Huntington National Bank and its parent company Huntington Bancshares facilitates its growth through acquisitions, most recently merging with Sky Financial Group Inc. in 2007 and acquiring 11 offices of the Bank of America in 2014. The bank currently has over 700 branches with the most number of banking offices in the state of Ohio, which alone has over 400 Huntington National Bank branches, and also has offices located in Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, and Florida, in order of decreasing office locations. Huntington National Bank invests most heavily in the finance sector, which alone makes up over a quarter of its total asset allocations, and also invests in the information technology, health care, energy, consumer staples, industrials, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation.
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