'Bank Director' Names Huntington Top U.S. Bank
Huntington National Bank was ranked as the top-performing bank in the nation by Bank Director magazine in its new Bank Performance Scorecard issue. The annual scorecard ranks the top-performing public banks according to asset size. This year, 289 banks participated.
Huntington moved to the top spot this year after placing at No. 2 last year. The bank, part of Huntington Bancshares Inc., has $56 billion in assets.
According to a news release from Huntington, Bank Director cited Huntington’s niche within the super prime indirect auto space as well as its Fair Play banking, which includes the bank’s “highly popular free checking product.” Also, the magazine wrote Huntington “saw a significant improvement in asset quality last year and the resulting credit leverage also boosted its 2012 earnings.”
“Huntington’s Board of Directors is extremely pleased to be recognized for the second consecutive year by Bank Director magazine,” said Steve Steinour, Huntington’s chairman, president and CEO, in the release. “With the board’s input, Huntington developed a strategic plan in 2009 that has resulted in the expansion of our customer base by 30 percent. The board also had the vision to make banking more convenient through the addition of in-store and extended hour banking as well as investments in key commercial products that reflect the needs of our Midwest markets including capital markets, treasury management, health care, energy and agriculture.
The Bank Performance Scorecard is available in the third quarter 2013 issue of Bank Director.