Huntington National Bank plans to add approximately 55 retail branches in North and South Carolina over the next five years as it continues its expansion into new states. The Columbus, Ohio-based bank plans to open four branches next year, and has filed federal paperwork to open one branch in Charlotte, one in Winston-Salem and two more in South Carolina.
Huntington’s expansion plans follows the opening of a regional headquarters in downtown Charlotte last year, where about 40 employees now work. Huntington already has more than 200 employees in the two states. Over the next five years, Huntington expects to add 350 more workers across multiple business lines, according to a release.
Last year, Huntington hired Heath Campbell, who had been Truist Financial’s West regional market president, and is now Huntington’s executive managing director for the Carolinas. In April 2022, Huntington hired Brant Standridge, who had been one of Truist’s highest-ranking executives, and joined Huntington as president of regional and consumer banking. He moved from Charlotte and is now based in Columbus, Ohio.
“The Carolinas is a fast-growing, highly dynamic region and we are proud to deepen our presence and bring our expertise and capabilities to even more customers in this market,” says Standridge in a release.
Huntington’s nearest retail branches are in West Virginia, with most of its offices spread from Ohio to Minnesota, where it acquired TCF Financial for $22 billion in 2021. Huntington also has plans to expand its branch presence in Denver, Minneapolis and Chicago.
Huntington expects to open one branch at 6700 Fairview Road, Charlotte, according to a filing with the Office of the Comptroller of the Currency. That location had previously been a Fifth Third Bank branch. Huntington also has plans for a branch at 751 W. Fourth St., Winston-Salem, according to a filing with the Office of the Comptroller of the Currency.
“We are a national bank that believes in investing locally. We are thrilled to build on our Commercial Banking investment in the region and strengthen our dedication to serving the local customers and communities that are at the heart of our mission,” says Campbell in a release.
“Almost a year ago, we announced our commercial banking expansion. Our significant investment in retail branches will bring Huntington’s expertise and extensive suite of products and capabilities across personal, wealth, business, and commercial banking to customers throughout the region,” according to a statement from Huntington Bank.
Huntington is the 24th largest U.S. bank with about $196 billion in assets as of June 30, according to S&P Global Market Intelligence. Huntington operates about 970 branches in 11 states.