Huntington Bank announces $20 billion plan to help Midwest communities

Huntington Bank announces $20 billion plan to help Midwest communities

Huntington Bancshares in Columbus, Ohio, has announced a five-year, $20 billion commitment in support of economic opportunities for consumers, businesses, and communities across its seven-state footprint.

Developed in cooperation with community-based organizations across the Midwest, the bank’s 2020 Community Plan reflects increased investments in small businesses ($7.6 billion), with a focus on those owned by minorities, women, and veterans; affordable housing and home ownership ($7.5 billion); and community lending and investment ($4.9 billion), including support for food security initiatives, workforce development, and social equity initiatives. The plan calls for an increase in spending of approximately $4 billion over the Community Development Plan launched by the bank in 2017, which it completed a year ahead of schedule.

"Huntington is a purpose-driven bank, and our purpose of looking out for people leads us to do more to support underserved people, businesses, and communities," said Huntington Bank chair, president, and CEO Steve Steinour. "Together, the COVID-19 pandemic and recession, as well as critical issues related to racial and social inequity, have highlighted the need for increased economic opportunity for people in our region and across America. As a bank, our desire is to help drive meaningful change and to improve the economic vitality and financial security of those we serve."