Huntington Bancshares in Columbus, Ohio, has bolstered its consumer and business banking leadership team, adding an executive from Truist Financial and promoting an insider who it credits with overseeing a major boost in card revenue.
Shawn Lough, who served as head of client first solutions, branch and ATM transformation and performance enablement at the $545 billion-asset Truist, was named to the newly created post of business management director for Huntington's consumer and business banking unit. He will support the implementation and execution of projects, sales strategy and goals, as well as operations at the $178.8 billion-asset Huntington.
Lough will report to Consumer and Business Banking President Brant Standridge, who called him "a fantastic leader" with "extensive experience managing change within a big organization," in a press release Tuesday.
"He has a proven ability to get things done for the benefit of all stakeholders, but most importantly Shawn is an incredible developer and attracter of talent," Standridge said.
Lough joined SunTrust Banks as a strategic program manager in October 2013. After the announcement of the merger of equals between SunTrust and BB&T, which led to the creation of Truist in December 2019, Lough spent nearly three years helping oversee the merger of the SunTrust and BB&T consumer operations.
After naming a new CEO in March, the San Francisco bank has filled the second of two leadership voids created by executive resignations at the start of the year.
Lough, who graduated from the U.S. Military Academy with a degree in electrical engineering, served seven years as an Army aviation officer before joining Ernst & Young in 2010.
Huntington also announced a promotion for Digital Director Mark Sheehan, whose role is being expanded to include deposits for the community and business banking segment.
Sheehan, who joined Huntington in 2009, currently oversees online and mobile banking, as well as Huntington's card business. Under his management, expenses have been reduced significantly while card and payment processing revenues have increased 90%, totaling $96 million for the quarter ending June 30, a 20% year-over-year increase.
Consumer and business banking deposits represent Huntington's largest source of core funding, totaling $95.7 billion on June 30. Segment loans totaled $32.1 billion.
"Mark has a deep knowledge of Huntington, and he has grown our digital platforms in an incredible way," Standridge said in the press release. "In his new expanded role, Mark will be point for all information technology within CBB and will work on strategic planning to ensure we are on the leading edge of providing the services which keep Huntington relevant to our customers."
