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Huntington Bank Presents The Ohio State University with an Additional $1 Million for Academic Programming

* Reuters is not responsible for the content in this press release.

Thu Feb 14, 2013 6:00am EST

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130214:nBw145250a

The $1 million payment was driven by the success of an innovative partnership
Huntington and Ohio State launched one year ago this month
COLUMBUS, Ohio--(Business Wire)--
Slam dunks and fast breaks won`t be the only things fans will witness at the
Schottenstein Center tonight when Ohio State`s men`s basketball team takes on
the Northwestern Wildcats. 

During the game, Huntington Bank`s chairman and CEO will present Ohio State
President E. Gordon Gee with a $1 million check for academic programming and
scholarships, making for a total of $26 million given to the school by
Huntington over the past year. The check was generated as the result of the
early success of the Huntington-Ohio State partnership, which is celebrating its
one-year anniversary. 

Last February, Huntington and Ohio State launched a $125 million, 15-year
partnership that made Huntington the university`s Official Consumer Bank and
included $25 million to the university for academics, athletics, the alumni
association and student life. In turn, Huntington obtained exclusive rights to
market financial products and services to more than 600,000 students, faculty,
staff and alumni. 

The agreement also provided for additional revenue to be generated annually
based on the number of Ohio State student, faculty and staff who have chosen to
bank with Huntington. The bank also committed to more ATMs, and branches on
campus as well as $100 million in investments and lending to the University
District and Near East Side. Already, more than $20 million in loans has been
made to community development groups and businesses in that area. 

"We are delighted to celebrate the first year of our extraordinary partnership
with Huntington, which has wholly exceeded our expectations," said Gee. "Thanks
to this collaboration, we are able to enrich the student experience and our
academic programs in myriad ways. I am grateful to Huntington for investing in
our University`s core purpose of educating young people and enhancing our
community." 

Over the summer months as part of the partnership, Huntington hired 35 OSU
student interns -15 more than promised - giving students valuable learning and
mentoring experiences. The internships were in departments throughout Huntington
and were geared toward helping students as they prepare to enter the job market.
Huntington has committed to 20 paid internships for each year of its 15-year
partnership. 

"Our partnership with Ohio State is working as evidenced by the new revenue
stream we are creating together," said Steinour. "We applaud Ohio State for
entering this innovative partnership with us. With the additional funds, Ohio
State can continue to educate the next generation and fund its strategic
investments. We look forward to working with the university for many years to
come." 

Also over the past year, Huntington has added 12 ATMs as well as two new
branches on the Columbus campus. Eventually, Huntington will add two additional
branches on main campus in the Wexner Medical Center. Huntington also is
supporting new financial literacy programs with the university`s Student
Wellness team. 

About Huntington
Huntington Bancshares Incorporated 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 Huntington`s 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 1,300 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. 

About The Ohio State University
Founded in 1870, The Ohio State University is a world-class public research
university and the leading comprehensive teaching and research institution in
the state of Ohio. With more than 63,000 students (including 56,000 in
Columbus), the Wexner Medical Center, 14 colleges, 80 centers, and 175 majors,
the university offers its students tremendous breadth and depth of opportunity
in the liberal arts, the sciences, and the professions.

Huntington Contact:
Maureen M. Brown, 614-480-5512
maureen.brown@huntington.com
OR
Ohio State Contact:
Elizabeth G. Saunders, 614-292-5962
saunders.372@osu.edu

Copyright Business Wire 2013

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