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Huntington Equipment Finance Business Reaches Four-Year Record
COLUMBUS, Ohio -- May 30, 2006 -- Growth of Huntington Equipment Finance, a division of Huntington Bank, to more than $500 million in assets under management since 2001 spurred the enhancement of its business banking equipment finance product line and the addition of several industry veterans to support demand for specialized solutions for businesses with revenues up to $10 million. Jeffry Elliott, Huntington Equipment Finance Senior Vice President, attributes the record growth to a strong team and deeper integration with Huntington bankers to identify needs. The enhancements provide small business owners with specialized financing products, a team that includes dedicated experts, quick turn-around and closing as well as direct access to a wide array of banking resources. "Every business has equipment needs. They might be more basic needs, such as phones, computers or other technology. Or the need could be something more complex such as medical devices, machine tools or construction equipment," Elliott commented. "This new model allows us to anticipate needs and then customize financing solutions to help companies sustain their growth with current equipment and technology." Recently joining Huntington Equipment Finance to support small businesses in all local Huntington geographic markets are Thomas Ainsworth in West Michigan, Ed Franz in Toledo, David Koch in Canton, Ohio, Dale Lenzer in Northern Ohio, Chad Owens in Central Ohio, Alicia Malinowski in South Florida, Mark Schimmel in Detroit and Erik Morey in Cincinnati. All are banking and finance industry veterans with substantial experience working directly with business owners and through equipment vendors. Huntington Equipment Finance specializes in securing leasing and other financing structures for customers, allowing them to grow their business with new equipment, while reducing the cash flow constraints commonly associated with capital equipment and expansion. Huntington Equipment Finance now provides a variety of equipment financing products to small and medium size business customers throughout Indiana, Kentucky, Michigan, Ohio and West Virginia.
About Huntington Huntington Bancshares Incorporated is a $36 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 140 years of serving the financial needs of its customers. Huntington provides innovative retail and commercial financial products and services through more than 380 regional banking offices in Indiana, Kentucky, Michigan, Ohio, and West Virginia. Huntington also offers retail and commercial financial services online at huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of almost 1,000 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Arizona, Florida, Georgia, North Carolina, Pennsylvania, South Carolina, and Tennessee; Private Financial and Capital Markets Group offices in Florida; and Mortgage Banking offices in Maryland and New Jersey. International banking services are made available through the headquarters office in Columbus and an office located in the Cayman Islands and an office located in Hong Kong.
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