Who is Huntington Bancshares Incorporated (NASDAQ:HBAN) New President?
Michael DiCecco, a banking veteran has been named the president of Huntington Bancshares Incorporated (NASDAQ:HBAN) Equipment Finance division. Over the past ten years, he has helped launch the equipment finance division of the bank and driven its growth to over $2.4B in assets and over $1.4B in new business volume, annually.
DiCecco had first joined Huntington Bancshares Incorporated in 2001. Very recently, he served as a CCO and equipment finance product-line executive. In this new role, he will now be reporting to the executive vice-president and executive managing director of the Specialty Banking division, Rick Remiker. DiCecco is in charge of 68 professionals who offer the banks clients expertise in railcar, business aviation, municipal finance and lender finance.
Remiker said that Michael understands the equipment needs that the business has and also about what works for them in terms of cost-effectiveness as far as financing and leasing of the equipment is concerned. He added that DiCecco has been a long-time resident of Cleveland, Ohio and that he knows the opportunities and the challenges of the Midwestern economy. He has worked incessantly to concentrate Huntington Bancshares’ talent in the key industry segments and position the bank as a value add to various business that operate in the Midwest.
In Tuesday’s trading session Huntington Bancshares Incorporated (NASDAQ:HBAN) rose 1.57%. The opening price of the shares was $8.65 which touched an intraday high of $8.72 and closed at $8.71. Approximately 15.56 million shares were traded on Tuesday which was higher than the average volume of 9.11 million that was traded over a 30 day period. The company has a market capitalization of $7.23 billion.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a regional bank-holding company with its headquarters in Columbus, Ohio. It was founded in 1866 and provided full service, small business, commercial and consumer-banking services