Huntington Bank Participates in FDIC Renewal of Unlimited Insurance Protection Program

Mon Nov 2, 2009 6:00am EST
 
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Huntington Bank Participates in FDIC Renewal of Unlimited Insurance Protection
Program
Huntington Bank provides unlimited insurance coverage on certain business
accounts through FDIC's optional Transaction Account Guarantee Program (TAGP)

COLUMBUS, Ohio, Nov. 2 /PRNewswire-FirstCall/ -- The Huntington National Bank
has chosen to continue its participation in the Federal Deposit Insurance
Corporation's (FDIC) Transaction Account Guarantee Program (TAGP). Created in
2008 under the Temporary Liquidity Guarantee Program (TLGP), the TAGP program
was recently extended for six months, through June 30, 2010. The extension is
valid only to financial institutions that choose to remain in the program.

"Huntington has been involved with the TAGP since the very beginning, and we
are pleased that the FDIC has decided to extend this program," said Stephen D.
Steinour, chairman, president and chief executive officer of Huntington Bank.
"Coupled with Huntington's strong capital position, our participation in the
TAGP enhances our ability to provide a safe, sound and secure banking
experience for all customers."

The TAGP provides insurance coverage in addition to and separate from the
coverage provided through the FDIC's general deposit insurance fund, which
covers balances up to $250,000 per depositor through December 31, 2013.

The TAGP provides unlimited insurance protection for:
    --  Commercial, personal and business checking accounts that do not pay
        interest
    --  Negotiable order of withdrawal (NOW) accounts with interest rates at
or
        below 0.5%

    --  Interest on Lawyer's Trust Accounts (IOLTAs), regardless of interest
        rates


For more information about the Transaction Account Guarantee Program, visit
the FDIC Web site at www.fdic.gov.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $53 billion regional
bank holding company headquartered in Columbus, Ohio. Huntington has more than
143 years of serving the financial needs of its customers. Through our
subsidiaries, including our banking subsidiary, The Huntington National Bank,
we provide full-service commercial and consumer banking services, mortgage
banking services, equipment leasing, investment management, trust services,
brokerage services, customized insurance service program, and other financial
products and services.  Our over 600 banking offices are located in Indiana,
Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. Huntington also
offers retail and commercial financial services online at huntington.com;
through its technologically advanced, 24-hour telephone bank; and through its
network of almost 1,400 ATMs. The Auto Finance and Dealer Services group
offers automobile loans to consumers and commercial loans to automobile
dealers within our six-state banking franchise area.  Selected financial
service activities are also conducted in other states including: Private
Financial Group offices in Florida and Mortgage Banking offices in Maryland
and New Jersey. International banking services are available through the
headquarters office in Columbus and a limited purpose office located in both
the Cayman Islands and Hong Kong.



SOURCE  Huntington Bancshares Incorporated

Analysts: Jay Gould, +1-614-480-4060, or Jim Graham, +1-614-480-3878; or
Media: Maureen Brown, +1-614-480-5512

 

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