HBAN rises 3.05% as it announces an agreement to offload its corporate trust business to AITC, sharpening its focus on core banking services.
TAMPA, Fla. , June 6, 2025 /PRNewswire/ -- Argent Institutional Trust Company (AITC), a Tampa, Florida-based trust company and a leading provider of corporate and institutional trust services, today announced it has entered into a definitive agreement to acquire the corporate trust and institutional custody business of The Huntington National Bank ("Huntington"), a wholly owned banking subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN).
Huntington Bancshares (HBAN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Banks - Regional Industry | Financial Services Sector | Mr. Stephen D. Steinour CEO | XMUN Exchange | US4461501045 ISIN |
US Country | 20,092 Employees | 18 Mar 2025 Last Dividend | 12 Jul 2000 Last Split | - IPO Date |
Huntington Bancshares Incorporated is a prominent bank holding company that underpins The Huntington National Bank in the United States. Established in 1866 and headquartered in Columbus, Ohio, it delivers a comprehensive suite of commercial, consumer, and mortgage banking services across the country. Huntington Bancshares Incorporated caters to a wide array of customer needs, spanning from everyday consumers to businesses, offering a vast range of financial products and services designed to aid in managing wealth, facilitating loans, and ensuring financial stability and growth for its clients.