I was at a meeting this morning and heard about Huntington Bank (which, for full disclosure, is my bank and I love it) getting this award for lending to and supporting small businesses. I contacted them and got this press release. In terms of size, Huntington seems to be between the super-local credit unions and the too-big-to-fail national banks, so it’s great to see them both growing and putting an emphasis on supporting small businesses in their communities! If anyone knows of other banks that do this sort of thing please let us know in the comments so we can celebrate them.
January 26, 2012
HUNTINGTON NAMED “GRAND SLAM” WINNER FOR SBA LENDING IN CLEVELAND DISTRICT
Huntington also No. 1 in Midwest SBA lending; No. 3 in the nation for SBA 7(a) loans
CLEVELAND, Ohio – Today Huntington (NASDAQ: HBAN; www.huntington.com) announced that it has been named the “Grand Slam” winner in number of loans (701), loan volume ($102,382,685), minority lending and 504 lending in the Cleveland SBA District Office. These totals are more than six times higher than the SBA results of any other financial institution in the Northeast Ohio region.
This distinction reflects the bank’s commitment to small business lending in the Midwest, and follows Huntington having been named “Triple Play” award winner the past two years for number of loans, loan volume and minority lending. Huntington is also the third-largest SBA lender in the country in number of loans, and the leader in Ohio, and in the bank’s Midwest markets in both number of loans and overall dollar volume.
“I’m pleased to recognize Huntington Bank for their continued strong commitment to making capital available to Northern Ohio small-business owners,” stated Gil Goldberg, district director of the U.S. Small Business Administration’s Cleveland District Office. “Huntington recognizes that the success and growth of small-business is vital to our region’s economic recovery, and they work hard to meet the demand for loans from the small businesses in our area.”
“Huntington business bankers and SBA specialists in Northeast Ohio come to work each day with the firm belief that small business success is the heart of our country’s economic revival. Our SBA expertise assures Huntington will place entrepreneurs in the right SBA products, providing the access to capital to grow and sustain small businesses. As we move forward in this new year, our priorities remain job creation, business growth and expansion,” said Dan Walsh, president for Huntington in Northeast Ohio. “Huntington is proud of our SBA success and appreciates our long-standing partnership with Gil Goldberg and his Cleveland District SBA team.”
Huntington also announced last week that it has now lent more than $2.68 billion to small businesses since January 2010, which puts the bank well ahead of its goal to provide $4 billion in financing to small businesses in the Midwest over a three-year period.
For more information about Huntington and its small business lending programs, visit https://www.huntington.com or call 1-800-480-2001.