The Times West Virginian

Local News

March 26, 2013

Huntington Bank lends $4 billion to small businesses

FAIRMONT — Huntington Bank wants to play an integral role in the economic recovery and in helping companies grow.

Huntington recently reported that it has surpassed its goal of lending $4 billion to small businesses in West Virginia, Ohio, Kentucky, Pennsylvania, Indiana and Michigan. The company awarded loans to more than 24,000 small businesses in its markets over the past three years.

“We definitely met the goal more quickly than we expected to,” said Chad Prather, Huntington’s senior vice president and commercial region manager for West Virginia. “It was a positive move.”

The company made this commitment in 2010 as the country was coming out of the recession, he said. At a time when many banks weren’t lending, Huntington wanted to set itself apart and show that it supported small businesses through all economic cycles.

Small businesses create new employment and are the backbone of the economy. When these companies grow, communities and the overall economy are impacted positively, Prather said.

In West Virginia, 800 businesses received loans from Huntington Bank. Loans also went to 15,400 businesses in Ohio, 5,200 in Michigan, 1,800 in Indiana, 1,300 in Western Pennsylvania and 400 in Kentucky.

At the end of 2012, Huntington was recognized as the No. 1 lender among Midwest states for the U.S. Small Business Administration’s 7(a) loans. Not only was the bank the top lender in that territory, but in West Virginia it was No. 1 in the number of loans and No. 2 in dollar amount.

 

Full story

1
Text Only
Local News
  • Military Kids 1 - CB.jpg Military children honored for their sacrifices: PHOTOS

    Military children were honored for their sacrifices Tuesday at the Hershel “Woody” Williams Fairmont Armed Forces Reserve Center.
    The event was planned to coincide with Purple Up! Day, a nationwide initiative that encourages everyone to wear purple in honor of military children across the country.

    April 16, 2014 4 Photos

  • Child health: ‘Room for improvement’

    Children living in Marion County are doing better in some respects than children in other counties in the state, according to a national study released Tuesday.
    “The 2013 West Virginia Kids Count Data Book,” published by the Annie E. Casey Foundation, compares states and their counties to each other and to the national average of various areas of child health.

    April 16, 2014

  • Another civil suit filed by Marple

    Though a civil case in already pending in U.S federal court, former state Superintendent of Schools Jorea Marple has filed another civil suit over her 2012 termination.
    The main difference between the two cases, apparently, is that in addition to naming the West Virginia Board of Education as a plaintiff, former president of the board and current member Wade Linger is individually named in the suit as a defendant.

    April 16, 2014

  • County man indicted for murder of infant

    A Marion County man has been indicted on charges for the death of an infant.
    Marcus Curtis Lewis, 55, was indicted for charges of first-degree murder and death of a child by a parent, guardian of custodian by Taylor County grand jurors Monday. Judge Alan D. Moats is expected to arraign Lewis on Friday.

    April 16, 2014

  • Three arrested on charges stemming from armed robbery

    Three men were arrested in the Fairmont area on charges stemming from an armed robbery.
    Corey Joseph Richardson, 35, of Montgomery Village, Md.; Stephen Joseph Brewington, 26, of Allston, Mass.; and Wallace Anthony Booth Jr., 21, of Fairmont, were arrested on Tuesday and charged with robbery, burglary and conspiracy to commit a felony.

    April 16, 2014

  • marcus lewis.jpg Marion County man indicted in murder of infant

    A Marion County man was indicted by the Taylor County grand jury Monday on charges for the death of an infant.

    April 15, 2014 1 Photo

  • Weather Pic 1 - CB.jpg Marion County soaks up the warm rays of spring

    Spring is in the air.
    Trees are beginning to blossom in Fairmont, sprinkling the streets with pink, white and yellow blossoms.

    April 15, 2014 2 Photos

  • White Hall to address Route 250 traffic woes

    Possible traffic patterns in White Hall could change.

    April 15, 2014

  • Fairview adding more customers to water system

    The Town of Fairview hopes to add more new customers to its water system as soon as possible.

    April 15, 2014

  • Arrests made on burglary and possession charges

    Two Fairmont men were arrested after one of them allegedly broke into a home.

    April 15, 2014

Featured Ads
TWV Video Highlights
NDN Editor's Picks
House Ads