What is Huntington bank rating?
It was established in 1866 and as of December of 2023, it had grown to 18,595 employees at 1,056 locations. Huntington National Bank's money market rates are 10X the national average, and it has an A health rating.
At Huntington, we take your account security very seriously. We are an FDIC-insured bank, which means your money is protected up to the FDIC insurance limits. The standard insurance amount provided by the FDIC is $250,000 per dispositor, per insured bank, for each account ownership category‡.
Financial Info
On April 14, 2022, S&P affirmed The Huntington National Bank's rating at A- and outlook increased to stable. On December 10, 2021, DBRS Morningstar confirmed The Huntington National Bank's rating at A (high) and trend was revised to stable.
Huntington Bank has a robust selection of banking products, including checking, savings, money market, and CD accounts. While some of these accounts come with relationship benefits -- like waived account fees and increased interest rates -- the bank's APYs are unimpressive and rank low among banks.
| Rank | Bank | Assets (domestic) |
|---|---|---|
| 16 | Huntington National Bank | $186.36 billion. |
| 17 | Ally Bank | $185.72 billion. |
| 18 | Key Bank | $185.57 billion. |
| 19 | American Express National Bank | $174.80 billion. |
| Bank | Forbes Advisor Rating | ATM Network |
|---|---|---|
| Chase Bank | 5.0 | 15,000+ Chase ATMs |
| Bank of America | 4.2 | 16,000+ ATMs in the U.S. |
| Wells Fargo Bank | 4.0 | 11,000 |
| Citi® | 4.0 | 65,000 |
The 2021 merger of Detroit-based TCF Financial Inc. into Columbus, Ohio-based Huntington Bancshares Inc. created the second-largest bank operating in Michigan.
Fitch Ratings - Chicago - 10 Oct 2023: Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings (IDR) of Huntington Bancshares, Inc. (HBAN) and its operating subsidiary, The Huntington National Bank, at 'A-' and 'F1', respectively. The Rating Outlook remains Stable.
Banks with an AAA rating are considered the lowest risk and highest quality, with AA clocking in slightly less. BBB and below represent a moderate risk, and so on.
Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services.
Why is so many Huntington Banks closing?
Huntington, which is headquartered in Columbus, said in its presentation to investors that it would consolidate its branch footprint in an effort to cut expenses. The 34 locations, scheduled to close in the first three months of 2024, represent about 3% of Huntington's branches.
The Probability of Bankruptcy of Huntington Bancshares Inc (HBAN) is 5.5% . This number represents the probability that HBAN will face financial distress in the next 24 months given its current fundamentals and market conditions.
| Institution | Daily ATM Withdrawal Limit |
|---|---|
| Huntington Bank | $400 |
| Ally Bank | $1,000 (may be limited to $500 in the first 90 days) |
| BMO Bank | $1,000 |
| HSBC Bank | $500–$1,000, depending on the account type |
J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
1: Wells Fargo
Of concern to consumers are the high percentage of unresolved complaints, several recent high-profile scandals and settlements with the Consumer Financial Protection Bureau, and the loss of its Better Business Bureau accreditation in 2016.
- Capital One Bank: Best online checking account.
- Chase: Best for a large branch network.
- Axos Bank: Best for online account options.
- Discover® Bank: Best for doing all of your banking at one place.
- Synchrony Bank: Best high-yield savings account.
- TD Bank: Best for customer service.
Branch locations, ATMs and online services managed by TCF are now part of the Huntington family. We're the bank that looks out for people. We look forward to showing you how.
What was the old name of Huntington Bank?
In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton were merged with Huntington Bancshares. In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati.
All required regulatory approvals to complete the Huntington-TCF transaction have now been received and the transaction is expected to be completed on or around June 9, 2021, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement between Huntington and TCF.
MOODY'S UPGRADES THE CREDIT RATINGS OF HUNTINGTON BANCSHARES INCORPORATED (SENIOR TO A2 FROM A3). MOODY'S ALSO RAISES THE RATING ON SUBORDINATED DEBT ISSUED BY ITS LEAD BANK TO A2 FROM A3. MOODY'S CONFIRMS ALL OTHER BANK RATINGS (DEPOSITS AT A1).
Based on the latest financial disclosure, Huntington Bancshares Incorporated has a Probability Of Bankruptcy of 6.0%.
| Acquisition Date | Company Name | Founded Year |
|---|---|---|
| Jan 26, 2016 | FirstMerit Corporation | 1845 |
| May 12, 2022 | Digital Torana | 2020 |
| Dec 14, 2020 | TCF Bank | 1923 |
| Mar 01, 2022 | Capstone Partners | 2001 |
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