Argent Institutional Trust Company Agrees To Acquire Corporate Trust And Institutional Custody Business Of Huntington National Bank; Terms Not Disclosed

Huntington Bancshares Incorporated -0.57%

Huntington Bancshares Incorporated

HBAN

15.79

-0.57%

Argent Institutional Trust Company (AITC), a Tampa, Florida-based trust company and a leading provider of corporate and institutional trust services, today announced it has entered into a definitive agreement to acquire the corporate trust and institutional custody business of The Huntington National Bank ("Huntington"), a wholly owned banking subsidiary of Huntington Bancshares Incorporated (NASDAQ:HBAN).

This strategic acquisition will significantly expand AITC's institutional trust footprint, deepening its capabilities and strengthening its position as a national leader in corporate trust and custody services. The transaction includes the transfer of key client relationships, personnel, and operational infrastructure from Huntington to AITC.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.