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Huntington Bancshares (HBAN) in Columbus, Ohio, has committed $25 million to help launch a microlending program for small businesses in Michigan.
November 5 -
Huntington Bancsharess efforts are paying off. It finally reached a 2013 goal of achieving positive operating leverage by cutting jobs, closing branches and reducing marketing and legal expenses.
October 17 -
Huntington Bancshares (HBAN) followed the lead of other banks and cut about 200 jobs amid a slowdown in residential mortgage lending.
October 17
Huntington Bancshares (HBAN) in Columbus, Ohio, is reorganizing its executive team.
Dan Benhase will retire next year as head of its wealth management, government and home lending group, Huntington said in a press release Tuesday. Benhase joined the $57 billion-asset Huntington in 2000.
Jim Dunlap, the director of regional and commercial banking, becomes head of wealth management and government banking. Dunlap will continue to manage Huntington's regional presidents and serve as the company's lead executive in Michigan, according to the release.
Rick Remiker, who launched Huntington's specialty banking division, will succeed Dunlap as the lead commercial banking executive.
Meanwhile, Huntington's mortgage business will move under the oversight of Chief Technology and Operations Officer Paul Heller. "By moving the business to technology and operations, the bank can leverage its digital and technological investments to better serve customers and shareholders," the release said.
Chairman and Chief Executive Steve Steinour praised Benhase for developing the wealth management unit and having "successfully managed our home lending division during a challenging time in the market." Steinour said Dunlap's "broad experience positions him well to drive improved profitability and deepen relationships within the highly competitive wealth and government banking industries."
