The Huntington National Bank (Huntington) and the University of Michigan announced today that Huntington has been designated as the Official Consumer Bank of the University of Michigan in an exclusive deal that deepens the bank’s commitment in the state.
As the university’s official consumer bank, Huntington directly offers a variety of unique banking benefits and opportunities, financial education, and on-campus support to the more than 100,000 students, faculty and staff of the University of Michigan-Ann Arbor and Michigan Medicine, including:
- Special checking account benefits, including waived monthly maintenance fees for certain accounts.
- Co-branded debit cards and the ability to link the MCard, the official University of Michigan identification card, to their Huntington account. This allows the MCard to be used as a debit card.
- Mortgage closing cost discounts, as well as access to Huntington’s full suite of products and services.
- Convenient local banking with the addition of six ATMs on the university’s campus, including one in the new D. Dan and Betty Kahn Health Care Pavilion hospital.
Huntington has also recently invested in new programming at the university, including:
- Partnering with the university to expand financial literacy programming on campus and in the community.
- Career initiatives that offer opportunities for University of Michigan students to participate in Huntington’s award-winning internship program and its RISE (Recognizing Individuals for Sustained Excellence) program aimed at introducing students to career opportunities in the financial services industry.
- $250,000 in University of Michigan scholarships and sponsorships of student organizations.
“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,” said Gary Torgow, chairman of Huntington’s board of directors. “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.”
“We selected Huntington to be the university’s official consumer bank after a thorough and competitive bid process,” said Drew Smith, interim vice president for finance at the University of Michigan. “It was important for us to partner with a bank like Huntington that has a strong local presence and is committed to offering outstanding customer service and access to a variety of financial services and benefits.”
Huntington has approximately 4,000 employees and 300 branches in Michigan, including eight branches in or near Ann Arbor that serve the University of Michigan community. The bank has also been the largest originator, by volume, of Small Business Administration (SBA) 7(a) loans in Michigan since 2008.
