Yahoo Finance Ohio bank expanding to Charlotte and the Carolinas with 350 jobs, dozens of branches
Ohio-based Huntington National Bank is expanding into the Carolinas with dozens of retail branches and about 350 jobs, including Charlotte, where three major banks dominate.
Huntington will “significantly invest” in North Carolina and South Carolina over the next five years as part of the bank’s long-term growth strategy, the Columbus-based company said Monday in a news release. The bank did not say how much it plans to invest in Charlotte but that it is part of a multimillion-dollar growth strategy.
The plan includes adding about 55 retail branches starting with Charlotte, Raleigh and Winston-Salem in North Carolina, and Charleston, Columbia and Greenville in South Carolina, Huntington said. The bank did not state when to expect its branches in Charlotte and elsewhere.
Bank of America, Truist and Wells Fargo dominate the local market in Charlotte. Bank of America and Truist are headquartered in Charlotte, and the city is the largest employment hub for San Francisco-based Wells Fargo.
Other banks also have been adding bank branches including New York-based Chase Bank, which plans to open 100 branches across the Carolinas by the end of next year, with four more opening this year in Charlotte.
Huntington officials did not immediately respond to requests for comment Monday.
Huntington National Bank in the Carolinas
Last year, Huntington opened its regional headquarters in Charlotte with about 40 finance employees at One South at 101 S. Tryon St. in uptown, the Charlotte Business Journal reported.
“We are a national bank that believes in investing locally,” Heath Campbell, executive managing director and regional president for the Carolinas said in a statement Monday.
Huntington’s expansion means bringing personal, wealth, business and commercial banking to customers throughout the region.
The Carolinas’ growth makes it ideal for Huntington to deepen its presence, Brant Standridge, Huntington’s consumer and regional banking president said in a statement.
More about Huntington National Bank
Huntington’s multimillion-dollar and multi-year plan branch presence expansion also includes Denver, Colorado; Minneapolis, and Chicago.
Huntington Bancshares Inc. is a $196 billion asset regional bank holding company. Founded in 1866, Huntington operates about 970 branches in 11 states.
