The increase impacts the institution’s suite of commercial and consumer banking products across its 21-state footprint. As a top 10 U.S. commercial bank with $284 billion in assets, Huntington’s rate adjustment serves as a bellwether for its diverse client base, ranging from individual consumers to middle-market businesses and municipalities. Founded in 1866, the bank maintains a network of over 1,400 branches, facilitating lending and wealth management services that are now pegged to this updated cost of borrowing.
Huntington Bancshares Adjusts Prime Rate to 7 Percent
Huntington Bancshares has raised its prime lending rate to 7.00 percent, marking a shift from the previous 6.75 percent benchmark. This adjustment by the Columbus-based regional bank arrives as financial institutions recalibrate their interest structures in response to broader shifts within the national economic landscape.
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