Huntington Bank sees growth in northern WV business - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Huntington Bank sees growth in northern WV business

Posted: Updated:
  • BusinessBusinessMore>>

  • 'Downtown Wheeling Inc.' Changes Name, Still Has Same Goals

    'Downtown Wheeling Inc.' Changes Name, Still Has Same Goals

    Thursday, August 21 2014 3:16 PM EDT2014-08-21 19:16:18 GMT
    One popular organization in Wheeling has changed their name. "Downtown Wheeling Inc.," will now be known as "Reinvent Wheeling." The group hosts many events in the Wheeling area such as the Wine and Jazz Festival, the Big Ideas Speaker series, and First Fridays. According to Reinvent Wheeling member Jake Dougherty, the name change is intended to reflect the organizations efforts to revitalize the downtown area. He said, "We were looking for a name that really expresses what was happening in d...
    One popular organization in Wheeling has changed their name. "Downtown Wheeling Inc.," will now be known as "Reinvent Wheeling." The group hosts many events in the Wheeling area such as the Wine and Jazz Festival, the Big Ideas Speaker series, and First Fridays. According to Reinvent Wheeling member Jake Dougherty, the name change is intended to reflect the organizations efforts to revitalize the downtown area. He said, "We were looking for a name that really expresses what was happening in d...
  • US existing home sales rise for 4th straight month

    US existing home sales rise for 4th straight month

    Thursday, August 21 2014 10:33 AM EDT2014-08-21 14:33:29 GMT
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
  • 2014 West Virginia Broadband Conference highlights NTIA grant

    2014 West Virginia Broadband Conference highlights NTIA grant

    Wednesday, August 20 2014 3:13 PM EDT2014-08-20 19:13:42 GMT
    At the West Virginia Broadband Conference: Investing in the Future, at the Charleston Mariott Town Center Aug. 19, presenters highlighted the multiple sectors in the Mountain State's 11 planning and development regions that received monetary funds through a grant by the National Telecommunications and Information Administration of the United State Department of Commerce.
    At the West Virginia Broadband Conference: Investing in the Future, at the Charleston Mariott Town Center Aug. 19, presenters highlighted the multiple sectors in the Mountain State's 11 planning and development regions that received monetary funds through a grant by the National Telecommunications and Information Administration of the United State Department of Commerce.

Huntington Bancshares on July 18 reported second quarter net income of $150.7 million, a decrease of $2.1 million, or about 1 percent, from a year ago and a decrease of $1.1 million, from this year's first quarter.

Huntington Bancshares is based in Columbus, Ohio. Andy Paterno, the company's West Virginia president, said the company is doing well in the state so far this year.

Year-over-year, Huntington has seen growth of about 10.6 percent in consumer household checking accounts and 7.4 percent growth in commercial checking accounts. Those numbers are companywide, but the West Virginia numbers track similarly, Paterno said.

Also, about 46.7 percent of the bank's consumer customers have six or more products with the bank, and 36.3 percent have four or more products, he said.

"Our mortgage lending has been really good. It's been a bright spot for us the first six months. I can't tell you what it's going to be the next six months because rates have gone up," Paterno said on a conference call.

The bank had previously announced a strategy to attract more business in northern West Virginia, particularly in areas active in the coal and natural gas industries. Huntington added people familiar with the energy industry to its commercial loan offices.

"We've started to see some activity. We're getting into that market much more than I the past," he said.

Todd Beekman, director of investment relations for Huntington, said credit charge-offs and past-due loans improved in the second quarter. Excluding government-guaranteed loans, about one-fourth of 1 percent of loans are 90 days or more past due, he said.