Rochester,NY 7/10/2009 10:01:46 PM
HBAN - Huntington Bancshares honored Blakely as the newest Chief Risk Officer and got an Incentive - Sourced WhisperFromWallStreet.com
Huntington Bancshares Incorporated
HBAN - Huntington Bancshares honored Blakely as the newest Chief Risk Officer and got an Incentive - Sourced WhisperFromWallStreet.com
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Huntington Bancshares Incorporated,HBAN
Real-Time: 3.80 Up 0.13 (3.54%) 10:26AM ET
COMPANY NEWS
Huntington Bancshares Incorporated today announced that Kevin Blakely commenced his role as the new Chief Risk Officer, effective July 8, 2009. In accordance with NASDAQ rules, Huntington also announced that it has issued to Mr. Blakely, on July 8, 2009, an inducement award consisting of a restricted stock award for 40,000 shares of Huntington common stock that vests on the second anniversary of the date of grant, subject to Mr. Blakely's continued employment with Huntington through the vesting date. The restricted stock award was approved by the Huntington Board's compensation committee without shareholder approval as an "employee inducement" award under the NASDAQ rules.
COMPANY INFORMATION
Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services. It offers deposit products, including checking accounts, savings accounts, interest bearing and non-interest bearing demand deposits, time deposits, money market deposits, and brokered deposits and negotiable certificates of deposits. The company?s lending portfolio comprises home equity loans and lines of credit, first mortgage loans, direct installment loans, small business loans, automobile loans and leases, residential mortgage loans, commercial and industrial loans and leases, and commercial real estate loans. In addition, the company provides retail and commercial insurance agency services; and an array of insurance products, including individual life insurance products, such as basic term-life insurance, estate planning, group life and health insurance, property and casualty insurance, mortgage title insurance, and reinsurance for payment protection products.
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