Huntington Financing
Huntington bank of Columbus offers financing commonly referred to as Huntington Financing. In this blog post we learn about the company known as Huntington Bancshares Incorporated and their history as well as their financing options. From car loans to house loans and everything in between. Read this blog to be kept upto speed about The Huntington Bank Of Columbus Ohio.
What Is Huntington Bancshares Incorporated?
Huntington financing offered by Huntington Bank a,lso known as Huntington Bancshares Incorporated is an American bank holding company which has its headquarters in the city of Columbus, Ohio.
The Huntington Bank operates a total of 1047 offices, the majority of which are in the Midwest. The number of branches go from Ohio at 459, 290 in Michigan, 80 in Minnesota, 51 in Pennsylvania, 45 in Indiana, 35 in Illinois and so on.
Fortune 500 Company
The Huntington Bank is a part of the fortune 500 list and ranks at the 466th rank. The bank also holds many other accolades and distinctions among some are listed below
- Ranked Among The Largest Banks In America
- Largest Originator Of SBA 7(a) Loans
Other than the extensive awards and records it holds, Huntington Bancshares Incorporated has a large amount of heritage and history.
History
Huntington Bancshares Incorporated was founded in 1806 by the founder P.W Huntington. Mr P.W Huntington named his bank P.W Huntington & Company. The original operating address of the company was on the northwest corner of the High & Broad Streets.
Expansion
Huntington built its first five story building in 1878 on the southwest corner of the intersection. After P.W Huntington, four out of his five sons would become partners to take the company to new heights. This partnership started in the time between 1890s and the early 1900s.
The bank was incorporated in the year 1905 and was named “The Huntington National Bank Of Columbus”
After completely turning over the bank to this sons, Mr P.W Huntington passed away in the year 1918.
The next era of leadership was under Francis Huntington, he became president and provided his leadership skills for 14 years.
Trust Powers
In the year 1915 Huntington Bank received limited trust powers and in another 7 years the Huntington Bank had received complete trust powers by the Federal Reserve System.
Purchases Of Property
In the year 1923 Huntington Bank purchases a Columbus-based State Savings Bank & Trust Company and purchased alongside it, the Hayden-CLiton National Bank Of Columbus.
In 1958 Huntington Bank purchased another Columbus based company, this time it being the Market Exchange Bank Company.
In 1962, Huntington acquired both First National Bank Of Grove City & People’s Bank Of Canal Winchester.
In these years the bank spent its capital investing into these banks and outright purchasing them as to expand from their few offices to the many offices it has. These purchases all played a role in making Huntington Bancshares Inc. one of the largest banks of the USA. The later half of the 1900s was spent purchasing a large number of properties and other financial institutions. Some notable purchases are mentioned below.
In the year 1967 the Huntington Bank purchased another financial institution, this time it was the Washington Courthouse based Washington Savings Bank. In 1969 Huntington Bank acquired the Ashland based Farmers Bank. In 1970 another purchase was made this time for the Bowling-Green based Bank of Wood County, The Toledo based Lucas County State Bank. In 1971 Huntington bank acquired the Lagonda National Bank & Trust Company Of Lima and Portage National Bank
The next purchase after this one was made in the year 1972 where Huntington Bank acquired The First National Bank Of Wadsworth and the National Bank Of Kenton. In this time, the first fully automatic bank system was established that was operational for 24 hours.
In 1980, Farmers & Merchants Bank, Milford Center and the First National Bank of Burton all merged together with Huntington Banshares
Notable Changes
In the year 1975 the Huntington Bancshares Incorporated changed their logo to the current “Honeycomb” Logo.
Reorganization
In the year 1966, the P.W Huntington & Company reorganized into a holding company, being renamed to Huntington Bancshares Incorporated
Huntington & Financing
Huntington Bancshares Incorporated, offers financing which you can apply for here, Huntington offers auto financing and also offers financing for homes and other items. Some of these financing options are discussed below.
We will first discuss Huntington financing’s auto loans.
Huntington Financing: Auto Loans
Auto loan financing from Huntington has flexible terms and has very competitive rates. you can get pre-approved before going to the dealer. Their financing options are available for all types of cars: new, used and you can even refinance another existing loan.
Payment terms go upto 72 months and loan amounts go upto 100,000$. You can buy out your lease, get pre-approved, but a new or used car from a dealer or indvidual.
Recreational Vehicles
Want to buy a boat, motorcycle or some other vehicle like a powersports vehicle. The auto loan financing at huntington allows you to get a loan for all of these types of vechicles as well as other automobiles.
Bank Financing & Dealer Financing
When financing via a dealer you are securing a loan via a bank that the dealer you are purchasing from is partnered with instead when financing directly with a bank to get pre-approved you are directly financing with that financial institution.
Keep in mind that you should read all terms and conditions and also understand you current financial situation so you can be sure that you are able to afford the car you are purchasing.
Huntington Financing: Home Loans
Huntington Bank offers home loans and equity lending options. Their home loans range from 261,00$~ to a max of 328,000$~ At A Monthly 6,000$ Income. There are no fix financing options available or made mention of instead you get an interactive form to fill out on their website to learn, how much you may be loaned. These amounts can differ all based on the range of money you are willing to put down and your monthly income.
They also offer consultations with their finance specialists and are available for a phone call. More information is available on their website.
DISCLAMER
The Huntington Bank is a bank that has a long heritage and has been built over a century. Their name is conjoined with trust and their experience in America’s sector of banking. We would however like to clarify that anything mentioned in this article should not be taken as financial advice and we recommend you to do your own research.
We will not be responsible for any mishaps that happen or any other financial losses you may undergo. Anything you do will be on your own accord, nor do we suggest you do anything nor do we want any of our words to be interpreted as such. This page doesn’t offer any financial advice and is based off of the opinions of other people. This being said our history section of the Huntington Bank is factual and is based on true moments in history. All of the statements regarding our History of huntington bank are factual information taken from various sources such as Wikipedia and the official website of Huntington.
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