as nasdaq hban s & p 500 component industry finance and insurance founded 1866 1 2 p.w. huntington 1 2 headquarters columbus ohio 1 2 key people stephen d. steinour chairman president and ceo 2009 1 products banking 1 revenue 2 950 849 000 2011 1 total assets 72.6 billion 2016 3 number of employees 12 243 1 website www.huntington.com huntington bancshares inc. is an american bank holding company headquartered in columbus ohio . as of september 2015 the company had 69 billion in assets making it the 33rd largest bank holding company in the country . 4 the company is a component of the s & p 500 . it was ranked number 610 on the 2008 fortune 1000 . 5 the company s banking affiliate the huntington national bank provides retail and commercial financial services in indiana kentucky michigan ohio pennsylvania and west virginia . huntington also provides retail services online . there also are selected financial service activities in other states including offices in florida cayman islands and hong kong . 1 huntington also had retail banking offices in florida until 2002 when it sold these branches to suntrust banks to focus on its core midwestern operations . 6 contents 1 history 1.1 founding 1.2 1980 present 1.3 historical checks 1.4 huntington preferred capital 2 banking offices 2.1 services 3 sponsorship 4 references 4.1 sources 5 external links history edit founding edit the huntington national bank building foreground 1926 and the huntington center background 1984 in downtown columbus ohio p. w. huntington formed p. w. huntington & company in 1866 . 2 huntington built its first 5 story building in 1878 . four out of five sons of p. w. would become partners during the 1890s and early 1900s . the bank was incorporated in 1905 as the huntington national bank of columbus . 7 huntington died in 1918 shortly after turning the bank over to his sons . 8 francis huntington became president and provided active leadership for 14 years . 9 in 1915 the bank receives limited trust powers . 10 in 1922 the bank received full trust powers from the federal reserve system . 10 in 1923 huntington purchased columbus based the state savings bank & trust company and the hayden clinton national bank of columbus thus swelling its capital base considerably . in 1958 huntington acquired the columbus based the market exchange bank company . in 1962 huntington acquired both first national bank of grove city and the people s bank of canal winchester . 10 in 1963 huntington acquired both the columbus savings bank and the columbus based the northern savings bank . 10 in 1966 huntington bancshares incorporated hbi was established as a bank holding company . in 1967 huntington bancshares acquired the washington court house based the washington savings bank . in 1969 huntington bancshares acquired the ashland based farmers bank . 10 in 1970 huntington bancshares acquired the bowling green based the bank of wood county company the toledo based the lucas county state bank and lagonda national bank of springfield . in 1971 huntington bancshares acquired first national bank & trust company of lima the woodville state bank and the kent based the portage national bank . in 1972 huntington bancshares acquired the first national bank of wadsworth and the first national bank of kenton also establishing the first ever 24 hour fully automated banking office . 10 in 1973 alger savings bank merged into an affiliate in kenton ohio . in 1976 the huntington mortgage company formed as a subsidiary of huntington bancshares with the pickerington bank being merged into the bank . in 1977 huntington bancshares acquired the bellefontaine national bank the central national bank of london and columbus based the franklin national bank . in 1979 a loan production office opened in dayton ohio . 10 1980 present edit mckinley monument and huntington building in may 2009 in 1980 farmers & merchants bank milford center and the first national bank of burton were merged with huntington bancshares . 10 in 1981 huntington bancshares announced it would acquire alexandria bank company and renaming it the huntington state bank with a loan production office opening in cincinnati ohio . in 1982 huntington bacshares merged with the reeves banking and trust company . 10 huntington acquired the tiny savings bank of chillicothe ohio in the early 1980s which gained some fame in 2011 when 100 year old june gregg revealed to huntington officials that her father had opened a savings account for her as a baby with savings bank in 1913 and that she had subsequently kept the account open to the present day . huntington officials after doing research on the account in question later confirmed it and gave her account a temporary increase in her interest rate to 5 % as a centenarian present for her 98 year loyalty to huntington and the chillicothe branch s predecessor savings bank . 11 12 in 1983 huntington announced it would acquire cleveland based union commerce bank . 13 huntington also had retail banking offices in florida until 2002 when it sold these branches to suntrust banks to focus on its core midwestern operations . 6 on january 27 2004 huntington bancshares announced it would buy unizan financial corp. based in canton ohio . 14 on december 20 2006 huntington bancshares announced it would buy sky financial group inc. based in bowling green ohio . 15 16 this merger completed on july 1 2007 although sky branches did not change their branding until late september . 17 18 huntington formerly owned atm s installed at locations of pittsburgh based restaurant chain eat n park . 19 these are now operated by third party atm providers . in 2009 huntington bid against rival fifth third bank to acquire national city branches in the pittsburgh region from pnc financial services . the justice department ordered pnc to sell the branches to avoid anti trust concerns after it acquired national city . huntington which had entered the pittsburgh market by way of the sky acquisition has been expanding in that market and had considered the national city branches as a way to expand its market share . 20 ultimately pnc sold the overlapping branches to first niagara bank . 21 on october 3 2009 the federal deposit insurance corporation named huntington as receiver of a 400 million deposit portfolio from the bank failure of warren bank in warren michigan . 22 on december 18 2009 huntington signed a 45 day lease with the fdic to run a bridge bank for the failed citizens state bank in new baltimore michigan . in 2012 huntington was in merger discussions with flint michigan based citizens republic bancorp. discussions stalled and firstmerit which would itself be acquired four years later by huntington purchased citizens republic in september 2012 . 23 on october 10 2013 huntington announced it would acquire ohio based camco financial holding company for advantage bank ; 24 the merger was completed by march . 25 in april 2014 huntington announced it would acquire 11 offices of bank of america in central michigan including the port huron and saginaw markets . this raised the number of huntington branches in michigan to 173 including over 40 locations housed in meijer stores . 26 the following month huntington bought 13 additional offices from bank of america in michigan mostly in the flint market . the locations became huntington branches in september . 27 in 2015 huntington bancshares announced it would acquire michigan based macquarie equipment finance inc. from sydney australia based macquarie group ltd. . the transaction was completed on march 31 2015 . 28 in january 2016 huntington announced it would purchase akron based firstmerit subject to regulatory approval in a deal that would make huntington the largest bank in ohio . 29 due to anti trust concerns by the justice department 11 branches in canton and two in ashtabula were to be sold to first commonwealth bank . 30 additionally 107 branches located within 2.5 miles of other huntington firstmerit branches will be closed . 31 all remaining firstmerit branches and accounts are expected to be converted to huntington in early 2017 . 32 historical checks edit in 2012 huntington started displaying old checks that were written by famous historical people including 24 former u.s. presidents such as abraham lincoln george washington thomas jefferson andrew jackson theodore roosevelt franklin roosevelt and niles ohio native william mckinley . other famous historical people featured were checks signed by charles dickens thomas edison ernest hemingway and susan b. anthony among others . 33 the most notable check was one written by lincoln to self for 800 dated april 13 1865 the day before his assassination . 34 the checks are estimated to be worth over 75 000 today . huntington acquired the checks in 1983 when it purchased union commerce bank and received several boxes of old documents but weren t discovered until 2011 when a huntington employee was looking through the documents . 35 huntington preferred capital edit huntington bancshares also operates huntington preferred capital inc. this entity serves as a real estate investment trust reit . huntington preferred capital was organized under ohio law in 1992 and designated as a reit in 1998 . four related parties own hpci s common stock huntington capital financing llc ; huntington preferred capital ii inc. ; huntington preferred capital holdings inc. ; and huntington bancshares incorporated . all these entities are tied via ownership and or interlocking directorships to huntington bancshares either directly or through huntington national bank . 36 in addition to the common stock huntington preferred capital also issued 2 million shares of preferred stock paying a quarterly cash dividend of 0.4925 per share . this stock is largely held by the same companies as the common stock but a small fraction of the available shares are sold on the open market . huntington preferred capital had one subsidiary hpcli inc. a taxable reit subsidiary formed in march 2001 for the purpose of holding certain assets primarily leasehold improvements . on december 31 2007 huntington preferred capital paid common stock dividends consisting of cash and the stock of hpcli to its common stock shareholders . after the stock dividend was paid hpcli became a wholly owned subsidiary of huntington preferred capital holdings which holds all the shares of hpcli . 36 banking offices edit huntington bank location in springboro ohio . number of banking offices by state 1 state banking offices ohio 403 florida 2 indiana 52 kentucky 14 michigan 129 pennsylvania 62 west virginia 34 services edit huntington bancshares provides retail and commercial financial services in indiana kentucky michigan ohio pennsylvania and west virginia . 37 huntington also provides retail services online . in the first quarter of 2013 huntington changed its atms to new ones that allow customers to make deposits without fumbling with deposit slips and envelopes ; instead they insert cash and checks directly into the atm . 38 the bank started in 2014 offering atm deposits from mobile phones and through online transfers until 11 59 p.m. and post them that day . 39 in another move the bank will no longer count pending debit card transactions against available funds for purposes of calculating overdrafts or non sufficient funds fees . 39 there also are selected financial service activities in other states including offices in florida cayman islands and hong kong . 1 sponsorship edit huntington owns the naming rights to the huntington center in toledo ohio 40 huntington park in columbus ohio as well as a 10 year sponsorship with michigan state university that began in 2012 and includes huntington financing upgrades to spartan stadium in exchange for acknowledgement on scoreboards programs and videos in football hockey and basketball venues . 41 on april 6 2016 huntington announced that it would purchase the naming rights for the cleveland convention center from firstmerit corporation . the new name is huntington convention