Press release
Huntington Bancshares completes acquisition of Capstone Partners
Combination adds investment banking and financial advisory capabilities, accelerates Huntington's full-service middle market capabilities in extended
About this update from Huntington Bancshares Incorporated
[{"type":"text","content":"Combination adds investment banking and financial advisory capabilities, accelerates Huntington's full-service middle market capabilities in extended geographies\nCOLUMBUS, Ohio, June 16, 2022 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced today it has completed its acquisition of Capstone Partners, a leading investment banking and advisory firm, creating a full-service banking experience for clients in Huntington's expanding capital markets and commercial banking franchise.\n\n \n \n \n \n \n \n\n \nWith primary offices in Boston and Denver and additional offices in 12 U.S. cities – including Chicago, Dallas, Detroit, Los Angeles, New York and Philadelphia – Capstone brings a national scale to serve middle market business owners throughout the corporate lifecycle, building on Huntington's strong regional banking foundation. Together, Capstone and Huntington provide a unified set of banking solutions across traditional commercial banking, investment banking and capital markets, specifically tailored for private business owners.\nDeal synergies:\nDeep Industry Expertise: Enables Huntington to deliver extensive domain expertise across 12 primary industry sectorsFull Lifecycle Capabilities: Expands and elevates Huntington's business owner solutions for M&A, financing and strategic advisory Broader Combined Footprint: Further expands Huntington's reach and strengthens its ability to deploy integrated, national teams at the local client levelCustomer-Centric Cultural Alignment: Reflects a common commitment to Huntington's client-first approach\"The combined industry expertise of Huntington and Capstone, along with our ability to serve our growing core middle market client base across the United States, enables us to expand our role as a trusted advisor to a wide variety of businesses,\" said Scott Kleinman, senior executive vice president and co-president of Huntington Commercial Banking. \"Our industry insights and full range of capabilities position us to provide a consistent, differentiated experience for our clients, who will benefit from an aligned culture that puts customers and communities at the center of everything we do.\"\nCapstone has four primary areas of expertise: Mergers & Acquisitions, Capital Advisory, Financial Advisory and Special Situations & Restructuring. Capstone consistently ranks...