The community plan fosters financial opportunities for consumers, businesses, and communities served by Huntington, with a focus on affordable housing, small business loans and increased capital to historically under-resourced and low-to-moderate-income communities. Huntington Home for Good aligns with Huntington's 2021 Strategic Community Plan, a commitment of more than $40 billion to address social, racial, environmental and economic inequities across the bank's footprint. In addition, Huntington will offer closing cost assistance for all borrowers who qualify for the product. This solution offers features to help expand access to home lending options by modifying eligible credit criteria, including expanded use of alternative credit, more debt evaluation flexibility, low down payment requirements, and higher debt-to- income limits compared to traditional affordable lending programs. Huntington Home for Good will complement the bank's current mortgage programs while helping build generational wealth through homeownership in historically under-resourced communities. The Hispanic homeownership rate was 48.4 percent that same year. Census, as of the second quarter of 2021, the Black homeownership rate was 44.6 percent compared to 74.2 percent for Whites. Additionally, it creates an avenue of transferring wealth to succeeding generations, which is important to many consumers."Īccording to the U.S. "We believe Home for Good will help provide equitable access to credit for people who may have encountered barriers to fulfilling their dreams of homeownership. "Huntington Bank's Home for Good program is a direct reflection of our ongoing commitment to providing equal economic opportunity and access to all," said Brant Standridge, President of the Consumer and Business Bank, Huntington Bank. As of 2014, the fate of 925 Euclid Avenue, known popularly as the HUNTINGTON BUILDING, was still unclear.Huntington Bancshares Incorporated logo (PRNewsfoto/Huntington Bancshares Incorpora) In 2008, Huntington National Bank moved their headquarters from the historic 925 Euclid Avenue to 200 Public Square, known formerly as the BP America Tower. In 1991 Huntington Bancshares ranked 4th in the state with assets of $11.7 billion and had revenues of $1.2 billion. was able to contribute to the growth of its parent company during the 1980s. The reorganized bank had 43 branches, $1.2 billion in total assets and $884,186 in deposits at that time. The turmoil finally led to the purchase of Union Commerce by Columbus-based Huntington Bancshares in 1983, making Union Commerce part of the Huntington Bancshares subsidiary, Huntington National Bank. Union Commerce continued to support local businesses, although in the late 1960s and 1970s, the bank was periodically in financial trouble because of poor management and bad real estate loans. In the postwar period, the bank broadened its services, shortened its name to Union Commerce Bank, and began branch banking in response to suburban development. Huntington Bank Branch Location at 2631 East Main St, Columbus, OH 43209 - Hours of Operation, Phone Number, Routing Numbers, Address, Directions and Reviews. On, an entirely new firm, the Union Bank of Commerce, opened at the same location with $8 million in capital and quickly became a major financial institution. Huntington Bank, Photo Credit: Lisa DeJong/The Plain Dealer. Painter was convicted of misapplying $2 million of Union Trust funds in May 1935 and sent to prison. Huntington Corporate Headquarters Address is 41 S. Although the bank continued to grow, acquiring 21 branches by the early 1930s, financial problems forced its closure and liquidation in Mar. In May 1924 Union Trust completed its new home, a $17 million, 21-story building at E. The new firm, primarily serving the business community, was the nation's 5th largest trust company. with $322.5 million in resources and offices in the Citizens Bldg. 1920 when 20 area financial institutions merged to form the Union Trust Co. The original Cleveland bank was organized in Dec. The HUNTINGTON NATIONAL BANK OF NORTHEAST OHIO is one of Cleveland's major banks and a principal subsidiary of the Columbus-based Huntington Bancshares, Inc. Huntington Bank Branch Location at 4466 North High Street, Columbus, OH 43214 - Hours of Operation, Phone Number, Routing Numbers, Address, Directions and Reviews.
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