Huntington Originates More Than $1.5 Billion in Loans to over 2,500 Michigan Businesses in One Year

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--

Huntington Bank has originated more than $1.5 billion in loans to businesses around Michigan in the first year of a four-year, $2 billion program, the banks Michigan leaders announced today. The loans have aided more than 2,500 Michigan businesses.

The early results of Huntingtons lending initiative and our partnership with the state are exceeding all expectations, said Mike Fezzey, president of Huntingtons Southeast Michigan region. Businesses around the state are encouraged by the availability of credit and the economic growth taking place here.

Huntingtons lending program is part of an $8 billion public-private initiative, announced in June 2011 by Michigan Gov. Rick Snyder as part of the states Pure Michigan Business Connect Program.

Huntington is committed to helping the state economy move forward, said Jim Dunlap, president of Huntingtons West Michigan region and regional and commercial banking director. We are pleased by the positive momentum we are seeing throughout Michigan.

We are delighted to partner alongside Gov. Snyder as we continue to invest in Michigan, Dunlap said. We look forward to continuing to support sustained economic growth in the state.

Examples of Michigan businesses, which have obtained loans through the program include:

Earlier this year, Huntington announced a partnership with Meijer that will increase the number of Huntington branches in the state to over 200a 65 percent increase. It will also add up to 500 jobs.

Huntington has also rolled out a $100 million affordable housing program aimed at helping Michigan residents. And last year, it opened a new branch in downtown Grand Rapids, two branches in downtown Detroit and one in Pontiac.

For more information on accessing lending through the Pure Michigan Business Connect Program, business leaders can call 1-888-509-1017, Monday-Friday from 7:30-6:30 p.m. and Sat. 8:00 a.m. to 5:00 p.m. or visit http://www.MichiganAdvantage.org/business-connect.

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Huntington Originates More Than $1.5 Billion in Loans to over 2,500 Michigan Businesses in One Year