Remove Lending Remove Ohio Remove Regional
article thumbnail

A small-dollar business lending scheme finds a niche at Huntington

American Banker

The Columbus, Ohio-based regional launched Lift Local Business in October 2020 with a $25 million ceiling. Four years and $133 million later, the program is still going strong.

article thumbnail

Momentum continues for Huntington, but slower pace ahead

American Banker

The Ohio-based regional bank continued to drive loan and deposit growth in the second quarter. But lending activity is expected to ease while funding costs remain high, tempering net interest income expectations for the full year.

Ohio 69
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Huntington profit slips but rebound expected in 2025

American Banker

The Columbus, Ohio-based regional bank reported solid growth in loans, deposits and fee income and is projecting record levels of spread income next year.

article thumbnail

Auto lending up more than 30 percent at credit unions since 2012

Abrigo

And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. Across the country used vehicle loans nearly doubled their new counterparts by lending volume. Regionally, the rocket-like momentum remains clear.

Lending 150
article thumbnail

CRE risk management: Navigating hazards and opportunities

Abrigo

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. Certainly, one asset class, the regional mall, is quite dead,” Kirby said. at big banks.

article thumbnail

Huntington targets Carolinas for commercial banking push

American Banker

The Ohio-based regional bank has laid out an ambitious expansion blueprint, including new health care asset-based lending, a Native American financial services unit and a push into commercial banking in North Carolina and South Carolina.

article thumbnail

Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

Lending 150