Huntington Lends $300M to Columbus Communities
- Nov 24, 2016
by Laura Calugar
Columbus, Ohio—Huntington, a regional bank holding company headquartered in Columbus, recently announced its intention to lend $300 million within the city’s low-to-moderate income neighborhoods during the next five years.
The $300 million lending commitment is composed of $175 million in small business lending in low-to-moderate income census tracts with focused outreach in Linden and Northland communities; $25 million in mortgage lending in the two neighborhoods (including small home improvement unsecured borrowing opportunities of up to $3,000); and $100 million in community development loans and investment throughout the city’s low-income neighborhoods. Linden is a neighborhood situated in the northeastern part of Columbus, with a total land area of almost 6 square miles. Northland is a 14-square-mile neighborhood with a population of more than 70,000 residents.
Huntington’s lending commitment is boosted by a $500,000 donation that the Mayor’s office and City Council will use to fund investment deployment in the Mayor’s priority neighborhoods.
Huntington Bancshares Inc. has $101 billion of assets and a network of 1,103 branches and 1,979 ATMs across eight 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 auto dealer, equipment finance, national settlement and capital market services.
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