Huntington National Bank Expands Footprint in South Carolina
The Huntington National Bank has made a significant stride in its expansion strategy, with the opening of its first full-service branches in Charleston and Greenville, South Carolina. The move marks a key step in the bank’s plan to extend its presence across North and South Carolina, with an estimated 55 branches set to be launched in the region.
Details of the New Branches
The Charleston branch is strategically located at 677 King Street, while the Greenville branch finds its place at 606 South Main Street. Both branches are equipped to offer a range of services including teller services, personal banking, and ATM access. A unique feature of these branches is the provision of local advice and guidance to customers, reflecting Huntington’s commitment to customer-centric banking.
Leadership’s Take on the Expansion
Jennifer Schuchart, Huntington National Bank Charleston market president, expressed her enthusiasm towards this development, stating, “We are thrilled to open our first full-service branch in Charleston and enhance how we serve our customers and the community. It is with great pride that we mark this milestone and look ahead to continued investment in this market.”
In a similar vein, Huntington’s Greater Greenville market community president, Gary Daniels, reiterated the bank’s dedication towards serving the Upstate. He said, “Our first full-service branch in Greenville is the latest demonstration of our commitment to serving the Upstate. With the opening of this branch, we are creating more opportunities to deliver Huntington’s people-first, customer-centred approach to this community.”
Recent Developments at Huntington
Earlier this year, in May, Huntington opened its initial South Carolina branch in Spartanburg and its first North Carolina branch in Charlotte’s SouthPark district. This was followed by a significant deal in October when the bank agreed to acquire Cadence Bank, which boasts over 390 locations in Texas and the southern US, for a staggering $7.4 billion. This acquisition is projected to give Huntington immediate operational scale in Texas and Mississippi, thereby strengthening its position in the US banking sector.
In the same month, Huntington also completed its merger with Veritex Holdings, thereby expanding its footprint in the Dallas-Fort Worth and Houston areas. With the completion of these transactions, Huntington is expected to join the ranks of the top 10 banks in the US by size, with pro forma assets of $276 billion and deposits totalling $220 billion.
Future Plans and Challenges
Despite these advancements, challenges lie ahead. In a recent interview with Reuters, Huntington CEO Stephen Steinour revealed that there would be job cuts at Cadence Bank following the acquisition, which is scheduled to be completed in the first quarter of 2026. The exact number of positions to be eliminated at Cadence, which employs about 5,800 people, was not disclosed.
These developments signify Huntington National Bank’s strategic moves to expand its reach and influence across the US. The bank’s commitment to delivering customer-centered services, coupled with its strategic acquisitions, positions it well for future growth and success in the competitive banking industry.
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