#USA #Fort Lauderdale #Huntington Bank #Commercial Banking

Huntington Bank Expands Commercial Banking into Florida

The Huntington National Bank is taking significant steps to extend its commercial banking services into Florida, targeting the middle-market segment that is critical for economic growth and stability. This strategic move is marked by the opening of a new office in Fort Lauderdale, designed to cater to corporate clients seeking specialized banking solutions in one of the nation’s fastest-growing markets.

Leadership and Team Development

To spearhead this expansion, Huntington has appointed Josh Sheradsky, a seasoned banker with 16 years of experience in the Florida market, as the senior managing director. His knowledge and relationships in the region are expected to accelerate the bank’s ability to serve its clients effectively. Additionally, Huntington welcomes Monica Olsen as senior executive relationship manager. With 15 years of extensive commercial banking experience, her insights will further bolster the team’s capabilities to meet client needs.

Expansion and Growth

This Florida expansion is part of a broader growth initiative for Huntington Commercial Bank, which has recently entered other markets, including North Carolina, South Carolina, and Texas. The bank is diversifying its service offerings, introducing various industry verticals, including Fund Finance, Native American Financial Services, and Mortgage Servicing Lending. This diversification aims to enhance Huntington's ability to connect with a wider array of clients and deliver customized solutions.

Comprehensive Services for Mid-Sized Corporations

Huntington's middle-market banking division delivers a myriad of services such as lending, liquidity management, treasury management, payments services, and capital markets solutions. By maintaining local teams in each market, the bank ensures that clients have access to personalized services tailored to their unique challenges and goals.

Moreover, Huntington Commercial Bank prides itself on a relationship-focused and insight-driven approach, working closely with clients to provide holistic solutions that not only address immediate banking needs but also support broader business objectives. This approach is complemented by Huntington's wealth management services, facilitated through Huntington Private Bank, which assists business leaders in personal financial planning, including transition and succession strategies.

The Huntington Private Bank is also present in Naples, providing comprehensive wealth management guidance and elite client service, helping clients integrate their business and personal financial goals.

A Vision for Success

Huntington's commitment to its clients and its dedication to extending services into new markets reflects its overarching mission to support corporate success across the nation. Scott Kleinman, president of Huntington Commercial Bank, expressed confidence in the venture, stating, "At Huntington, our goal is to extend our commercial banking expertise to more clients across the country and ultimately help their businesses thrive."

The addition of an experienced middle-market team in Florida positions Huntington to effectively meet the complex needs of diverse companies, fostering economic growth in a dynamic marketplace.

Conclusion

Huntington Bancshares, headquartered in Columbus, Ohio, has a rich history dating back to 1866 and manages assets totaling approximately $210 billion. Their commitment to customers in small and mid-sized businesses, municipalities, and organizations is evident in the comprehensive suite of banking, payment, and wealth management services they offer. With recent expansions and a clear focus on service diversification, Huntington National Bank is poised to make a significant impact in Florida’s commercial banking landscape.

For more information, visit Huntington.com.