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Huntington Launches Business To Finance Tools for
COLUMBUS, Ohio -- August 15, 2006 -- Huntington Bank has launched a new business unit focused on financing equipment and tools for closely held, small- and medium-sized manufacturing businesses, it announced today. The launching of the Machine Tool Finance Group reflects Huntington's ongoing efforts to meet all the financial needs of business owners in order to help their companies grow. "At Huntington we understand the need of small- and medium-sized manufacturers to have access to financing so that they can buy equipment, replace equipment and remain competitive," said Robert Allanson, President, Huntington Equipment Finance. "Huntington's new unit has brought together tool financing specialists from throughout the industry who have the expertise and knowledge to advise business owners on the type of financing that is the best fit for their business strategy." Machine tool sales have continued to grow over the past two years. The most active customer markets for machine tool builders are likely to be in aerospace, appliance, automotive, heavy equipment and job shop industries. Many of these businesses are retooling with investments in high technology equipment. Huntington's new business is part of its Equipment Finance group, which continues to be ranked on the Monitor 100, a ranking of the 100 largest and fastest growing equipment equipment/leasing financing companies in the United States. 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 www.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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