Huntington Bancshares Inc. continues to focus on its recreational lending business, following the expansion of subsidiary FirstMerit Corp. into 17 additional states earlier this year, according to the bank’s recent third-quarter earnings call.
Huntington Bank continues to “execute on the significant revenue enhancement opportunities,” which includes RV and marine lending expansions, Steve Steinour, Huntington’s president and chief executive, said on the call late last month.
“We really like the boat and RV book,” added Daniel Neumeyer, Huntington’s senior executive vice president and chief credit officer. “We think that is a real plus that we picked up through the acquisition, a business model and a team that are very skilled. We’ve supplemented that with external hires who have experience in the business.”
In August 2016, Huntington completed the acquisition of Akron, Ohio-based FirstMerit for $3.4 billion to enhance its footprint in the Midwest.
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