Huntington Bancshares Expands Commercial Banking into Florida

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the 11 most profitable NASDAQ stocks to buy now. Earlier in mid-May, Huntington Bancshares announced its expansion into Florida’s commercial banking sector. This move is part of the bank’s broader national growth strategy, following recent expansions in North Carolina, South Carolina, and Texas over the last 2 years.

Huntington’s Florida push will initially focus on providing middle-market services, with a new office established in Fort Lauderdale. To lead these efforts, Huntington has hired Josh Sheradsky as Senior Managing Director. Sheradsky brings 16 years of experience as a middle-market banker in South Florida.

Huntington’s commercial banking segment offers services to mid-sized corporate clients, such as lending, liquidity solutions, treasury management, payment services, and capital markets support. The teams adopt a relationship-based and insights-driven approach to provide holistic solutions. Additionally, the Florida team will aim to connect middle-market clients with Huntington’s other offerings, such as wealth management & investment banking.

Huntington Bancshares Incorporated (NASDAQ:HBAN) operates as the bank holding company for The Huntington National Bank, which provides commercial, consumer, and mortgage banking services.

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Disclosure: None. This article is originally published at Insider Monkey.