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"Many companies in Northern Ireland have benefitted from the investment of individual or small groups of business angels, but we believe that bringing active investors together in a larger syndicate or forum creates new opportunities for joint investment and also gives early-stage companies access to a pool of expertise that can greatly benefit their business," Bryan Keating, chair of the HBAN Business Angel Syndicate, said.
HBAN's rating affirmation is supported by the company's solid financial profile, including improved earnings performance, a stable funding profile and sound asset quality, in-line with 'A-' rated large regional peers.
Nonetheless, HBAN's capital position will decline, however, Fitch views this decline in the context of the transaction coupled with HBAN's ability to return to stronger capital levels.
During 2014 alone, 48 companies that received such funds via HBAN announced they would create around 700 jobs by 2017.
Huntington Bancshares Incorporated (NASDAQ: HBAN) has reported that net income for the first quarter was USD126.4m, or USD0.14 per common share, as compared with net income of USD122.9m, or USD0.05 per common share in the fourth quarter of 2010.
Tickers featured: BAC, BMO.TO, CBSH, CMA, EFSC, FHN, FMER, HBAN, INCB, LKFN, MBFI, ONB, PVTB, TCB, USB.
Associated Banc-Corp (ASB) has said that it has received approval from the Office of the Comptroller of the Currency to acquire the Wisconsin operations of Huntington Bancshares' HBAN arm - The Huntington National Bank (NASDAQ: HBAN), according to an online report.
Before joining SunTrust, he had worked with Huntington National Bank (NASDAQ: HBAN) and also with Barnett Bank.
Tickers featured: BMO, CYN, FITB, FMER, FRC, HBAN, PG.
Financial services firm, Huntington Bancshares Incorporated (NASDAQ: HBAN) has announced new digital capabilities in its newly-introduced digital platform.
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