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Share Name | Share Symbol | Market | Type |
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Huntington Bancshares Inc | NASDAQ:HBAN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.67 | 13.25 | 14.00 | 0 | 09:01:27 |
COLUMBUS, Ohio, July 15, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) has issued its 2019 Environmental, Social and Governance (ESG) Report, which highlights how Huntington's commitment to shareholders, customers, colleagues and communities enables its purpose of looking out for people in a time of increased economic uncertainty.
The ESG report provides a comprehensive review of Huntington's progress on performance dimensions that drive sustainable, long-term value for investors and support economic empowerment for customers and communities in the Midwest.
"We're pleased to share how we're serving all our stakeholders in the face of tremendous economic uncertainty," said Steve Steinour, chairman, president and CEO. "Our purpose of making people's lives better, helping businesses thrive and strengthening the communities we serve continues to guide us in all we do. Our purpose is especially meaningful as we examine our performance as a company and our larger role as a corporate citizen committed to driving positive change."
Huntington's multi-year focus on all aspects of ESG enabled the bank to help its customers and communities navigate the COVID-19 pandemic, which has created unprecedented economic concern and caused consumers and businesses to seek partners who can provide the solutions they need to secure their financial futures.
Huntington's historical leadership and advocacy for small businesses positioned it to support business owners through the Small Business Administration's Paycheck Protection Program, part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that became law in March 2020. As the No. 1 originator of SBA 7(a) loans by volume in our footprint for 11 consecutive years, Huntington leveraged its expertise to help nearly 40,000 businesses secure loans totaling more than $6 billion so they could continue operations and maintain payroll during the pandemic.
"Small businesses are the lifeblood of the U.S. economy. Our ability to leverage our sustained commitment to them when they needed us most is perfectly aligned with our purpose of helping businesses – and the communities they're in – thrive," Steinour said.
Key highlights from the 2019 ESG report that illustrate the progress Huntington is making under its "Delivering on Our Purpose" approach to serving stakeholders through ESG include:
Additional 2019 areas of focus that enabled Huntington's response on behalf of its stakeholders include:
About Huntington
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $114 billion of assets and a network of 839 full-service branches, including 12 Private Client Group offices, and 1,434 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small 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.
*Loans subject to credit application and approval. SBA loans subject to SBA eligibility. Huntington is the #1 SBA 7(a) lender in the number of loans in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, Western Pennsylvania and Wisconsin. Source: U.S. Small Business Administration (SBA) from October 1, 2008 to September 30, 2019. Huntington is #1 in the nation in number of SBA 7(a) loans for fiscal year ending September 30, 2019.
The Huntington National Bank is an Equal Housing Lender and Member FDIC.
View original content to download multimedia:http://www.prnewswire.com/news-releases/huntington-bank-2019-esg-report-highlights-commitment-to-shareholders-customers-colleagues-and-communities-301094215.html
SOURCE Huntington Bancshares Incorporated
Copyright 2020 PR Newswire
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