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Huntington National Bank Expands Its Commercial Banking Segment

Huntington National Bank is making significant strides in expanding its commercial banking segment by introducing new specialty verticals within its corporate, specialty, and government banking divisions. This development not only enhances its service offerings but also aims to cater to a more diverse clientele nationwide.

Introduction of New Specialties

On January 8, 2025, it was announced that the bank is adding two new verticals: the Financial Institutions Group and the Aerospace & Defense Group. These additions are part of Huntington’s broader strategy to expand geographically and vertically within its commercial banking operations. The bank has recently increased its presence in middle-market banking across states such as North Carolina, South Carolina, and Texas. Other recently launched industry verticals designed to better serve clients include Fund Finance, Native American Financial Services, Healthcare Asset-based Lending, and Specialized Mortgage Solutions.

The Financial Institutions Group

The Financial Institutions Group is focused on providing tailored financial support to a variety of financial entities, including insurance companies, asset and wealth management firms, broker-dealers, clearing houses, and exchanges. This group aims to address the unique financial complexities faced by these institutions. Leading this segment is Senior Managing Director Benjamin Los, who brings a wealth of experience from his previous roles at Bank of America and Citizens Financial Group. His leadership is expected to drive innovative financial solutions tailored to this sector's needs.

The Aerospace and Defense Group

The Aerospace & Defense Group is set to serve clients engaged in commercial aerospace supply chains, aviation aftermarket services, and defense product manufacturing. Jeff Harrick, an Army veteran and seasoned corporate banker with over two decades of experience at Wells Fargo and Citizens Financial Group, leads this team. Under his direction, the group will offer financial strategies designed specifically for the unique challenges within the aerospace and defense sectors.

Focus on Advisory Services and Banking Solutions

With the establishment of these new teams, Huntington aims to provide a comprehensive suite of corporate banking capabilities that include liquidity and treasury management, capital markets, and corporate finance. Both teams will work collectively to deliver advisory services that meet the intricate financial demands of their respective industries.

Tizu Menelik, the bank's executive managing director of corporate, specialty, and government banking, expressed enthusiasm about these new offerings, stating, "Within these sectors, there's a meaningful opportunity for Huntington to assist companies with their complex financial needs. We are excited to leverage our expertise to support diverse clients in these vital growth industries."

A Legacy of Service

Founded in 1866, Huntington Bancshares Incorporated has built a reputable legacy as a ($201 billion asset) regional bank holding company. Headquartered in Columbus, Ohio, Huntington provides a broad suite of financial products and services, including banking, payments, wealth management, and risk management to a range of clients from consumers and small businesses to large corporations and municipalities. With approximately 975 branches operating across 12 states, Huntington continues to grow its footprint while ensuring that clients receive personalized financial solutions tailored to their needs.

For more information on their expanding services, visit Huntington.com.

In conclusion, Huntington National Bank’s expansion into new specialty verticals demonstrates its commitment to addressing the evolving needs of its clients, particularly in highly specialized industries. As these new teams ramp up their operations, the bank is poised to make a significant impact in commercial banking services across the country.