Huntington National Bank 2011 Annual Report Download - page 34

In addition, international banking industry regulators have largely agreed upon significant changes in the
regulation of capital required to be held by banks and their holding companies to support their businesses. The
new capital rules have yet to be finalized by the banking regulators, but generally are expected to increase the
capital required to be held, narrow the types of instruments which will qualify as providing appropriate capital,
and impose a new liquidity measurement. The capital requirements are complex and will be phased in over many
years. Any permanent significant increase in our cost of capital could have significant adverse impacts on the
profitability of many of our products, the types of products we could offer profitably, our overall profitability,
and our overall growth opportunities, among other things. Other potential effects could include impacting our
ability to pay cash dividends and repurchase our common shares, higher dilution of common shareholders, and a
higher risk that we might fall below regulatory capital thresholds in an adverse economic cycle.
Item 1B: Unresolved Staff Comments
None.
Item 2: Properties
Our headquarters, as well as the Bank’s, are located in the Huntington Center, a thirty-seven-story office
building located in Columbus, Ohio. Of the building’s total office space available, we lease approximately 33%.
The lease term expires in 2030, with six five-year renewal options for up to 30 years but with no purchase option.
The Bank has an indirect minority equity interest of 18.4% in the building.
Our other major properties consist of the following:
Description Location Own Lease
13 story office building, located adjacent to the
Huntington Center ............................. Columbus, Ohio ✓
12 story office building, located adjacent to the
Huntington Center ............................. Columbus, Ohio ✓
3 story office building — the Crosswoods building ..... Columbus, Ohio ✓
A portion of 200 Public Square Building ............. Cleveland, Ohio ✓
12 story office building ........................... Youngstown, Ohio ✓
10 story office building ........................... Warren, Ohio ✓
10 story office building ........................... Toledo, Ohio ✓
A portion of the Grant Building .................... Pittsburgh, PA ✓
18 story office building ........................... Charleston, West Virginia ✓
3 story office building ............................ Holland, Michigan ✓
2 Building office complex ........................ Troy, Michigan ✓
Data processing and operations center (Easton) ........ Columbus, Ohio ✓
Data processing and operations center (Northland) ..... Columbus, Ohio ✓
Data processing and operations center (Parma) ........ Cleveland, Ohio ✓
8 story office building ............................ Indianapolis, Indiana ✓
In 1998, we entered into a sale/leaseback agreement that included the sale of 59 of our locations. The
transaction included a mix of branch banking offices, regional offices, and operational facilities, including certain
properties described above, which we will continue to operate under a long-term lease.
Item 3: Legal Proceedings
Information required by this item is set forth in Note 22 of the Notes to Consolidated Financial Statements
and incorporated into this Item by reference.
Item 4: Mine Safety Disclosures
Not applicable.
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