Huntington Expands Auto Dealer Financing Business into Connecticut | Business Wire

COLUMBUS, Ohio–(BUSINESS WIRE)–Huntington (NASDAQ: HBAN; www.huntington.com)

has announced that it is expanding its successful auto dealer financing

business into Connecticut and has added key personnel into the state to

support the initiative.

“The addition of Connecticut completes Huntington’s expansion strategy

of providing auto dealer financing into the New England region,” said

Rich Porrello, director of Huntington Automobile Finance. “After

becoming a meaningful partner with the existing dealers in the New

England states we serve, we want to bring our indirect platform to the

Connecticut dealers who want to be affiliated with a bank that offers a

proven track record of consistent underwriting, rapid funding, and

superior customer service.”

Huntington has hired a seasoned team with local market knowledge for the

state. Huntington is processing applications now and expects to provide

financing solutions to more than 140 dealers throughout Connecticut.

“Our success in the Midwest and New England region proves we have a

successful business model, one that we now bring to auto dealers in

Connecticut,” Porrello added.

Huntington Automobile Finance (HAF) has continually met the financial

needs of automotive dealers for more than 60 years. This includes the

financing of new and used automobiles purchased by the dealer’s retail

customers, as well as commercial loans to the dealer primarily to

finance new and used vehicle inventory. Dealerships served are located

within Huntington’s primary banking markets of Ohio, Michigan,

Pennsylvania, Indiana, West Virginia, and Kentucky, and selected other

markets including, Minnesota, Wisconsin, Tennessee, New Jersey and six

New England states: Maine, Vermont, New Hampshire, Massachusetts, Rhode

Island and Connecticut.

About Huntington

Huntington Bancshares Incorporated is a $56 billion regional bank

holding company headquartered in Columbus, Ohio. The Huntington National

Bank, founded in 1866, provides full-service commercial, small business,

and consumer banking services; mortgage banking services; treasury

management and foreign exchange services; equipment leasing; wealth and

investment management services; trust services; brokerage services;

customized insurance brokerage and service programs; and other financial

products and services. The principal markets for these services are

Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania,

Indiana, West Virginia, and Kentucky. The primary distribution channels

include a banking network of more than 700 traditional branches and

convenience branches located in grocery stores and retirement centers,

and through an array of alternative distribution channels including

internet and mobile banking, telephone banking, and more than 1,300

ATMs. Through automotive dealership relationships within its six-state

banking franchise area and selected other Midwest and New England

states, Huntington also provides commercial banking services to the

automotive dealers and retail automobile financing for dealer customers.

The Huntington National Bank, Member FDIC. The logo mark and

Huntington^® are federally registered service

marks of Huntington Bancshares Incorporated.

The post Huntington Expands Auto Dealer Financing Business into Connecticut | Business Wire appeared first on 2014 Stingray.

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