COLUMBUS, Ohio, June 20, 2019 /PRNewswire/ -- Furthering its
mission to be the nation's best bank for businesses, Huntington (Nasdaq: HBAN; www.huntington.com)
today announced the creation of a health care finance team
dedicated to helping private health care and medical practices
located east of the Mississippi.
The team is led by business banking expert and industry veteran
David Burch, who joined Huntington from Bank of America, where he led
one of the largest practice finance teams in the industry and
served as the division executive for all business activity across
the Northeast and mid-Atlantic states.
Huntington's new practice
finance team will focus on businesses with less than $20 million in yearly revenue, particularly
dentists, physicians and veterinarians who seek to expand their
practices and unlock long-term value. The new program offers
specialized loan products for multiple purposes, including
equipment finance, relocation and remodeling, practice acquisition
and startups.
"Health care practice finance is an exciting and rapidly growing
area of banking, as businesses often run by sole proprietors need
tailored, expert financial advice and tools to succeed," said
Andy Harmening, Huntington's Senior Executive Vice President
and Director of Consumer and Business Banking. "At Huntington,
we've long prided ourselves on being the best bank for businesses,
and now we've taken it a step further to ensure we have the unique
expertise to serve those businesses with clear specialization."
One of those businesses is The Animal Care Center at
Granville in Ohio. Owner Dr. Laurinda Morris said she chose Huntington's health care finance team because
of their local, personal and timely approach to refinancing.
"We're happy to be part of the family," Dr. Morris said. "It's
been a wonderful experience, and I would certainly recommend it to
any other professional that was looking forward to a
refinance."
Huntington's practice finance
team uses a high-touch approach that consists of extensive
monitoring and mentorship to establish the building blocks of a
successful practice. The hallmark of Huntington's offering is the financial pulse
program that benchmarks practice performance and recommends
strategies for improvement, helping practitioners optimize their
business.
"Our goal is to deliver more choice and long-term value for
private health care and medical practice owners," said Burch,
Huntington's Business Banking
Director of Sales and Specialty Banking. "We have a dynamic group
of the top business banking experts in the health care arena and
the conventional products and lending expertise our market expects,
along with the added value of being the top SBA1 lender
in the markets we serve when that tool is required."
Burch has been actively tailoring solutions for health care
practitioners and building a team of dedicated business development
officers, all of whom have extensive health care industry expertise
and deep experience delivering strategic insights for health care
practices. The team currently serve practices in the Northeast,
Southeast and Midwest.
About Huntington
Huntington Bancshares
Incorporated is a regional bank holding company headquartered in
Columbus, Ohio, with $108 billion of assets and a network of 898
full-service branches, including 12 Private Client Group offices,
and 1,727 ATMs across eight Midwestern states. Founded in 1866, The
Huntington National Bank and its affiliates provide consumer,
business, commercial, treasury management, wealth management,
brokerage, trust, and insurance services. Huntington also provides vehicle finance,
equipment finance, national settlement, and capital market services
that extend beyond its core states. Visit huntington.com for more
information.
1Business Administration (SBA) loans subject to
eligibility. Huntington is the #1
SBA 7(a) lender in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West
Virginia, Western
Pennsylvania and Wisconsin.
Source: U.S. Business Administration from October 1, 2008, to September 30, 2018. Huntington is #1 in the nation in number of
SBA 7(a) loans for fiscal year ending September 30, 2018.
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SOURCE Huntington Bancshares Incorporated