Magazine : Archives : 3rd Quarter 2013

The Top Performing Banks

If there’s a poster child for the rebound that many large, publicly traded banks have enjoyed since the Great Recession of 2007-2009 and the global financial crisis that precipitated it, that company could well be Huntington Bancshares Inc. In 2009, the Columbus, Ohio-based regional bank was writing off hundreds of millions of dollars in bad loans, laying off employees and feverishly raising capital to stay afloat. Three and a half years later, those tough decisions have paid off handsomely: Huntington is the winner of the Bank Director 2013 Bank Performance Scorecard for institutions with assets of $50 billion and above. ...