Huntington Bank Expands Middle-Market Services to Florida

Huntington National Bank is extending its commercial banking footprint by launching middle-market banking operations in Florida. This strategic expansion is aimed at providing comprehensive financial services to mid-sized businesses in one of the country’s fastest-growing markets.

Highlights

1. Leadership for Florida Expansion

• Huntington appoints Josh Sheradsky as Senior Managing Director to lead the Florida market.
• Sheradsky brings over 16 years of middle-market banking experience in Florida.
• Monica Olsen joins as Senior Executive Relationship Manager, contributing 15 years of industry expertise.
• The team will operate from the new Fort Lauderdale office.

2. Track Record of Strategic Growth

• Florida is the latest in a series of expansions that include North Carolina, South Carolina, and Texas.
• Demonstrates Huntington’s ongoing commitment to nationwide commercial banking growth.

3. New Industry Verticals Introduced

• Huntington Commercial Bank has expanded into multiple new sectors:
  • Fund Finance
  • Native American Financial Services
  • Mortgage Servicing Lending and Deposits
  • Financial Institutions Group
  • Aerospace & Defense
• Each vertical is designed to support specific industry needs with targeted expertise.

4. Full-Spectrum Banking Services

• Offers lending, liquidity solutions, treasury management, payments services, and capital markets expertise.
• Connects clients with Capstone Partners, Huntington’s in-house investment banking and advisory firm.
• Emphasizes holistic, insights-driven solutions tailored to the unique needs of mid-sized companies.

5. Integrated Wealth Management Support

• Collaborates with Huntington Private Bank to support clients’ personal financial needs.
• Provides services such as wealth planning, business transition support, and succession strategies.
• Huntington Private Bank already has a strong presence in Florida, with an office in Naples.

6. Client-Centric Philosophy

• Focused on building strong, relationship-based partnerships.
• Advises clients on maximizing efficiency, managing risk, and pursuing new opportunities.
• Local teams ensure that services are responsive and regionally relevant.

7. Executive Insight

• Scott Kleinman, President of Huntington Commercial Bank, emphasizes the bank’s mission to help clients thrive.
• Florida’s economic dynamism positions it as a prime market for Huntington’s commercial banking services.

Huntington National Bank’s expansion into Florida marks a pivotal step in its national growth strategy. By leveraging experienced leadership and a broad range of specialized financial services, the bank is poised to deliver value to middle-market clients in a booming economic landscape. With localized service and a relationship-first mindset, Huntington is set to become a key player in Florida’s commercial banking sector.