Huntington Bank Provides $1.2 Million to Cleveland State University for Scholarships and Academic Programming; Opens Campus Branch to Help Support New Relationship
Community development, financial literacy, internships highlight multi-year commitment
CLEVELAND--(BUSINESS WIRE)-- Huntington Bank (NASDAQ: HBAN; www.huntington.com) and Cleveland State University have entered into an exclusive 10-year partnership that provides more than $1 million for scholarships and academic programming through an expanded banking program Huntington will offer as The Official Bank of Cleveland State University.
Huntington Bank Cleveland State University Vikings Debit Card (Photo: Business Wire)
Cleveland State University President Ronald M. Berkman and Huntington Bank Greater Cleveland Region President Dan Walsh announced the partnership at a press conference today at the opening of Huntingtons new full-service branch in the universitys Main Classroom building. Together they discussed the benefits of the program and unveiled the new Huntington Bank Vikings debit card.
We are very pleased to have Huntington as a banking partner, said Berkman. The scholarships and internships it has provided will be invaluable to many of our students throughout the next 10 years.
Over the life of the relationship, the university will receive $50,000 in scholarships, a minimum of three paid Huntington internships per year and $250,000 to support the universitys Allen Theatre Project, the Power of Three. Huntington will also work with the university to develop and deliver a financial literacy program to arm students with practical advice on how to build and sustain a strong financial foundation.
Huntington is proud to be a part of the community so well served by Cleveland State, said Walsh. This extraordinary university contributes significantly to the vibrancy and economy of our city. We are proud to make this investment in its academic, cultural and athletic excellence. With the opening of the new Huntington branch on campus, Cleveland State students, alumni, faculty and staff will have access to the full complement of Huntington products and services. In addition, they can bank conveniently at any of our branches throughout greater Cleveland.
Under the agreement, Huntington, which operates the largest branch network in the state of Ohio and greater Cleveland, receives exclusive rights to branch and ATM distribution on the Cleveland State University campus.
Huntington Bancshares Incorporated (HBAN) is a $56 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntingtons six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 700 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,400 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The Huntington National Bank, Member FDIC. The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated
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Huntington Bancshares Incorporated
William Eiler, 412-227-4858
Source: Huntington Bancshares IncorporatedCopyright Business Wire 2013