Huntington Bancshares announced that Huntington National Bank will serve as the official consumer bank for the University of Michigan, a partnership that will provide more than 100,000 students, faculty and staff with personalized banking services, financial education, and on‑campus support.
The agreement includes six new ATMs on the Ann Arbor campus, the ability to link the university’s MCard to a Huntington account for debit‑card use, and a $250,000 commitment to scholarships and sponsorships of student organizations. Huntington will also partner with the university on financial‑literacy programming and offer internship and RISE career opportunities to students.
Huntington’s Michigan presence is already substantial, with 300 branches, 4,000 employees and $279 billion in assets. The bank is the state’s largest originator of SBA 7(a) loans and has recently completed the integration of Veritex, further expanding its regional reach.
The partnership aligns with Huntington’s strategy of organic growth and market‑share expansion. In Q1 2025 the company reported earnings per share of $0.34, up $108 million from the prior year, while Q4 2025 earnings per share were $0.30, a $11 million decline. Revenue in Q4 2025 was $2.18 billion, slightly below the $2.20 billion forecast, reflecting modest pressure on fee income. These results demonstrate Huntington’s ability to generate earnings growth while managing revenue volatility, positioning the bank to capitalize on the new deposit base from the university community.
Gary Torgow, chairman of Huntington’s board, said, “Huntington is the bank of choice across the state of Michigan and we are proud to be the bank of choice for students, faculty and staff of the University of Michigan. Through this partnership, we provide exceptional banking services to the university community and deepen our commitment to making people’s lives better, helping businesses thrive, and strengthening the communities we serve across the state.” Drew Smith, interim vice president for finance at the university, added, “We selected Huntington to be the university’s official consumer bank after a thorough and competitive bid process. It was important for us to partner with a bank that has a strong local presence and is committed to offering outstanding customer service and access to a variety of financial services and benefits.”
The partnership is expected to strengthen Huntington’s position in Michigan, enhance deposit growth and fee income, and reinforce its brand visibility among a key demographic. For the University of Michigan, the collaboration offers students and staff convenient banking options, financial‑education resources, and scholarship support, furthering the institution’s commitment to student success and community engagement.
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