Huntington Bank Receives National Award
Member News
Wednesday, June 26 2013 00:00

Huntington is a winner of the 2013 President’s “E Star” Award for Export Service. Presented by the Department of Commerce’s International Trade Administration, the award is the highest recognition any U.S. entity may receive for supporting export activity. Huntington stands out as the only banking institution among a handful of corporate America’s top companies to receive the award presented at the 51st annual President’s “E” Award Ceremony in Washington D.C. on May 20 during World Trade Month. This Program was established by Executive Order on December 5, 1961.

“Huntington has demonstrated a sustained commitment to export expansion,” said Acting Secretary of Commerce Rebecca M. Blank in her congratulatory letter. “The ‘E’ Awards Committee was very impressed with Huntington’s achievement with regional business and trade promotion groups. The company’s development of creative financing solutions for exporters was particularly compelling. Huntington’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”

Among its most notable contributions to Midwest export expansion, Huntington began offering manufacturers the ability to finance foreign buyers that want to buy American products. The bank also developed an export finance capability by actuating its delegated lending authority under the U.S. Export-Import Bank Working Capital Program. Huntington’s leadership in helping companies increase their export activity is directly tied to the bank’s broader efforts to help drive economic growth and recovery across the Midwest. It’s estimated that 5,400 direct and indirect jobs are created for every $1 billion in new exports.

“As a Midwest company, Huntington is at the heart of the economic recovery,” said Spradlin Reich. “Exporters are playing a vital role in creating and sustaining our economy as evidenced by those who’ve weathered the recession. We’ve deepened our international banking expertise at Huntington and are committed to helping exporters and the Midwest continue to benefit from their expansion and growth.” Huntington will expand its export-import business relationships in 2013 and beyond with plans of rolling out customized solutions including a new foreign buyer finance program that provides foreign borrowing with loans guaranteed through Export-Import Bank of the United States.

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