Huntington National Bank 2009 Annual Report Download - page 9

Huntin
g
ton Bancshares Incorporated
PART I
W
h
en we re
f
er to “we,” “our,” an
d
“us”
i
nt
hi
s report, we mean Hunt
i
n
g
ton Bancs
h
ares Incorporate
d
an
d
our consolidated subsidiaries, unless the context indicates that we refer onl
y
to the parent compan
y
, Huntin
g
to
n
Bancs
h
ares Incorporate
d
.W
h
en we re
f
er to t
h
e “Ban
k
”
i
nt
hi
s report, we mean our on
ly b
an
k
su
b
s
idi
ar
y
T
he
Hunt
i
n
g
ton Nat
i
ona
l
Ban
k
,an
di
ts su
b
s
idi
ar
i
es.
Item 1
:
B
u
s
in
ess
We are a multi-state diversified financial holdin
g
compan
y
or
g
anized under Mar
y
land law in 19
66
an
d
headquartered in Columbus, Ohio. Throu
g
h our subsidiaries, we provide full-service commercial and consume
r
b
an
ki
n
g
serv
i
ces, mort
g
a
g
e
b
an
ki
n
g
serv
i
ces, automo
bil
e
fi
nanc
i
n
g
, equ
i
pment
l
eas
i
n
g
,
i
nvestment mana
g
e
-
ment, trust serv
i
ces,
b
ro
k
era
g
e serv
i
ces, custom
i
ze
di
nsurance serv
i
ce pro
g
rams, an
d
ot
h
er
fi
nanc
i
a
l
pro
d
uct
s
and services. The Bank, or
g
anized in 1866, is our onl
y
bank subsidiar
y
. At December 31, 2009, the Bank had
:
• 340 bankin
g
offices in Ohi
o
•11
5
bankin
g
offices in Michi
g
an
•
5
6 bankin
g
offices in Penns
y
lvani
a
•
5
0 bankin
g
offices in Indiana
•28
b
an
ki
n
g
o
ffi
ces
i
n West V
i
r
gi
n
ia
• 13 bankin
g
offices in Kentuck
y
• 9 private bankin
g
office
s
• one forei
g
n office in the Ca
y
man Island
s
• one forei
g
n office in Hon
g
Kon
g
We con
d
uct certa
i
n act
i
v
i
t
i
es
i
not
h
er states
i
nc
l
u
di
n
g
Ar
i
zona, F
l
or
id
a, Mar
yl
an
d
, Massac
h
usetts, Neva
d
a,
New Jerse
y
, New York, Tennessee, Texas, and Vir
g
inia. Our forei
g
n bankin
g
activities, in total or with an
y
individual countr
y
, are not si
g
nificant. At December 31, 2009, we had 10,272 full-time equivalent emplo
y
ees
.
Our business se
g
ments are discussed in our Mana
g
ement’s Discussion and Anal
y
sis of Financial
Con
di
t
i
on an
d
Resu
l
ts o
f
Operat
i
ons an
d
t
h
e
fi
nanc
i
a
l
statement resu
l
ts
f
or eac
h
o
f
our
b
us
i
ness se
g
ments ca
n
b
e
f
oun
di
n Note 27 o
f
t
h
e Notes to Conso
lid
ate
d
F
i
nanc
i
a
l
Statements
,b
ot
h
are
i
nc
l
u
d
e
di
n our Annua
l
Report to shareholders, which is incorporated into this report b
y
reference
.
C
om
p
et
i
t
i
o
n
Com
p
et
i
t
i
on
i
s
i
ntense
i
n most o
f
our mar
k
ets. We com
p
ete on
p
r
i
ce an
d
serv
i
ce w
i
t
h
ot
h
er
b
an
k
san
d
financial services companies such as savin
g
s and loans, credit unions, finance companies, mort
g
a
g
e bankin
g
compan
i
es,
i
nsurance compan
i
es, an
db
ro
k
era
g
e
fi
rms. Compet
i
t
i
on cou
ld i
ntens
ify i
nt
h
e
f
uture as a resu
l
to
f
i
n
d
ustr
y
conso
lid
at
i
on, t
h
e
i
ncreas
i
n
g
ava
il
a
bili
t
y
o
f
pro
d
ucts an
d
serv
i
ces
f
rom non-
b
an
k
s,
g
reater tec
h
no
l
o
g-
ical developments in the industr
y
, and bankin
g
reform
.
Re
g
ulatory Matter
s
Genera
l
We are a
b
an
kh
o
ldi
n
g
compan
y
an
d
are qua
lifi
e
d
as a
fi
nanc
i
a
lh
o
ldi
n
g
compan
y
w
i
t
h
t
h
eFe
d
era
l
Reserve. We are sub
j
ect to examination and supervision b
y
the Federal Reserve pursuant to the Bank Holdin
g
Company Act. We are requ
i
re
d
to
fil
e reports an
d
ot
h
er
i
n
f
ormat
i
on regar
di
ng our
b
us
i
ness operat
i
ons an
d
t
h
e
b
us
i
ness o
p
erat
i
ons o
f
our su
b
s
idi
ar
i
es w
i
t
h
t
h
eFe
d
era
l
Reserve
.
1