Huntington National Bank 2009 Annual Report Download - page 26

If our re
g
ulators deem it appropriate, they can take re
g
ulatory actions that could impact our ability t
o
com
p
ete
f
or new bus
i
ness, constra
i
n our ab
i
l
i
t
y
to
f
und our l
iq
u
i
d
i
t
y
needs, and
i
ncrease the cost o
f
ou
r
se
r
vices.
Hunt
i
n
g
ton an
di
ts su
b
s
idi
ar
i
es are su
bj
ect to t
h
e superv
i
s
i
on an
d
re
g
u
l
at
i
on o
f
var
i
ous State an
d
Fe
d
era
l
re
g
ulators, includin
g
the Office of the Comptroller of the Currenc
y
, the Federal Reserve, the FDIC, SEC
,
FINRA, and various state re
g
ulator
y
a
g
encies. As such, Huntin
g
ton is sub
j
ect to a wide variet
y
of laws and
re
g
u
l
at
i
ons, man
y
o
f
w
hi
c
h
are
di
scusse
di
nt
h
e “Re
g
u
l
ator
y
Matters” sect
i
on. As part o
f
t
h
e
i
r superv
i
sor
y
process, w
hi
c
hi
nc
l
u
d
es per
i
o
di
c exam
i
nat
i
ons an
d
cont
i
nuous mon
i
tor
i
n
g
,t
h
ere
g
u
l
ators
h
ave t
h
e aut
h
or
i
t
y
t
o
impose restrictions or conditions on our activities and the manner in which we mana
g
e the or
g
anization. Thes
e
act
i
ons cou
ld i
mpact t
h
eor
g
an
i
zat
i
on
i
navar
i
et
y
o
f
wa
y
s,
i
nc
l
u
di
n
g
su
bj
ect
i
n
g
us to monetar
yfi
nes
,
restr
i
ct
i
n
g
our a
bili
t
y
to pa
ydi
v
id
en
d
s, prec
l
u
di
n
g
mer
g
ers or acqu
i
s
i
t
i
ons,
li
m
i
t
i
n
g
our a
bili
t
y
to o
ff
er certa
i
n
pro
d
ucts or serv
i
ces, or
i
mpos
i
n
g
a
ddi
t
i
ona
l
cap
i
ta
l
requ
i
rements
.
The resolut
i
on o
f
s
ig
n
ifi
cant pend
i
n
g
l
i
t
ig
at
i
on,
if
un
f
avorable, could have a mater
i
al adverse a
ff
ect o
n
our results of o
p
erations for a
p
articular
p
eriod
.
Hunt
i
n
g
ton
f
aces
l
e
g
a
l
r
i
s
k
s
i
n
i
ts
b
us
i
nesses, an
d
t
h
evo
l
ume o
f
c
l
a
i
ms an
d
amount o
fd
ama
g
es an
d
penalties claimed in liti
g
ation and re
g
ulator
y
proceedin
g
sa
g
ainst financial institutions remain hi
g
h. Substantia
l
l
e
g
a
lli
a
bili
t
y
or s
ig
n
ifi
cant re
g
u
l
ator
y
act
i
on a
g
a
i
nst Hunt
i
n
g
ton cou
ld h
ave mater
i
a
l
a
d
verse
fi
nanc
i
a
l
e
ff
ects
or cause s
ig
n
ifi
cant reputat
i
ona
lh
arm to Hunt
i
n
g
ton, w
hi
c
hi
n turn cou
ld
ser
i
ous
ly h
arm Hunt
i
n
g
ton’s
b
us
i
nes
s
prospects. As more full
y
described in Note 24 of the Notes to Consolidated Financial Statements, certai
n
putat
i
ve c
l
ass act
i
ons an
d
s
h
are
h
o
ld
er
d
er
i
vat
i
ve act
i
ons were
fil
e
d
a
g
a
i
nst Hunt
i
n
g
ton, certa
i
na
ffili
ate
d
comm
i
ttees, an
d
/ or certa
i
no
fi
ts current or
f
ormer o
ffi
cers an
ddi
rectors. At t
hi
st
i
me,
i
t
i
s not
p
oss
ibl
e
f
o
r
mana
g
ement to assess the probabilit
y
of an adverse outcome, or reasonabl
y
estimate the amount of an
y
potential loss in connection with these lawsuits. Althou
g
h no assurance can be
g
iven, based on informatio
n
current
ly
ava
il
a
bl
e, consu
l
tat
i
on w
i
t
h
counse
l
,an
d
ava
il
a
bl
e
i
nsurance covera
g
e, mana
g
ement
b
e
li
eves t
h
at t
he
eventua
l
outcome o
f
t
h
ese c
l
a
i
ms a
g
a
i
nst us w
ill
not,
i
n
di
v
id
ua
lly
or
i
nt
h
ea
gg
re
g
ate,
h
ave a mater
i
a
l
a
d
vers
e
effect on our consolidated financial
p
osition or results of o
p
erations. However, it is
p
ossible that the ultimat
e
reso
l
ut
i
on o
f
t
h
ese matters,
if
un
f
avora
bl
e, ma
yb
e mater
i
a
l
to t
h
e resu
l
ts o
f
operat
i
ons
f
or a part
i
cu
l
ar per
i
o
d
.
Hunt
i
n
g
ton
f
aces other s
ig
n
ifi
cant operat
i
onal r
i
sks
.
Huntin
g
ton is exposed to man
y
t
y
pes of operational risk, includin
g
reputational risk, le
g
al and complianc
e
r
i
s
k
,t
h
er
i
s
k
o
ff
rau
d
or t
h
e
f
t
by
emp
l
o
y
ees or outs
id
ers, unaut
h
or
i
ze
d
transact
i
ons
by
emp
l
o
y
ees or outs
id
ers
,
or operat
i
ona
l
errors
by
emp
l
o
y
ees,
i
nc
l
u
di
n
g
c
l
er
i
ca
l
or recor
d
-
k
eep
i
n
g
errors or t
h
ose resu
l
t
i
n
gf
rom
f
au
l
t
y
or disabled computer or telecommunications s
y
stems. In addition, toda
y
’s threats to customer information an
d
i
n
f
ormat
i
on systems are comp
l
ex, more w
id
e sprea
d
, cont
i
nua
ll
y emerg
i
ng, an
di
ncreas
i
ng at a rap
id
pace
.
Hunt
i
n
g
ton cont
i
nues to
i
nvest
i
n
b
etter too
l
san
d
processes
i
na
ll k
e
y
secur
i
t
y
areas, an
d
mon
i
tors t
h
es
e
t
h
reats w
i
t
hi
ncrease
d
r
ig
or an
df
ocus
.
Ne
g
at
i
ve pu
bli
cop
i
n
i
on can resu
l
t
f
rom Hunt
i
n
g
ton’s actua
l
or a
ll
e
g
e
d
con
d
uct
i
nan
y
num
b
er o
f
act
i
v
i
t
i
es,
i
nc
l
u
di
n
gl
en
di
n
g
pract
i
ces, corporate
g
overnance an
d
acqu
i
s
i
t
i
ons an
df
rom act
i
ons ta
k
en
by
g
overnment re
g
ulators and communit
y
or
g
anizations in response to those activities. Ne
g
ative public opinion
can a
d
verse
l
ya
ff
ect Hunt
i
ngton’s a
bili
ty to attract an
dk
eep customers an
d
can expose
i
tto
li
t
i
gat
i
on an
d
re
g
u
l
ator
y
act
i
on
.
We esta
bli
s
h
an
d
ma
i
nta
i
ns
y
stems o
fi
nterna
l
operat
i
ona
l
contro
l
st
h
at prov
id
eusw
i
t
h
t
i
me
ly
an
d
accurate
i
n
f
ormat
i
on a
b
out our
l
eve
l
o
f
operat
i
ona
l
r
i
s
k
.W
hil
e not
f
oo
l
proo
f
,t
h
ese s
y
stems
h
ave
b
ee
n
d
es
ig
ne
d
to mana
g
e operat
i
ona
l
r
i
s
k
at appropr
i
ate, cost-e
ff
ect
i
ve
l
eve
l
s. Proce
d
ures ex
i
st t
h
at are
d
es
ig
ne
d
t
o
ensure that policies relatin
g
to conduct, ethics, and business practices are followed. While we continuall
y
mon
i
tor an
di
mprove t
h
es
y
stem o
fi
nterna
l
contro
l
s,
d
ata process
i
n
g
s
y
stems, an
d
corporate-w
id
e processes
an
dp
roce
d
ures, t
h
ere can
b
e no assurance t
h
at
f
uture
l
osses w
ill
not occur.
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