- June 17, 2021
- Posted by: Stratford Team
- Category: Business
Fresh off its acquisition of TCF Financial Corp., Huntington Bank on Wednesday announced a lending pledge for minority businesses and individuals that includes a $1 billion commitment to Detroit and Wayne County.
The $1 billion in the Detroit area and $11 billion for Michigan as a whole is part of a larger $40 billion effort by the Detroit- and Columbus, Ohio-based Huntington to “help improve financial opportunities for the consumers, businesses and communities it serves, with a focus on affordable housing, small business loans and increased capital to historically disadvantaged and low- to moderate-income communities,” according to a news release.
“In many respects, what Huntington Bank is doing today, with this announcement is precisely what banks and corporate America must do,” Huntington Bank Chairman Gary Torgow said during a Wednesday afternoon news conference at Aretha Franklin Amphitheater on Detroit’s east riverfront. “To stand up … and to…
