The Ohio State University and Huntington Bank today announced an exclusive 15-year partnership, making it the university’s official consumer bank. The agreement is the most comprehensive and innovative partnership of its kind in the country. Ohio State will receive $25 million from Huntington, which the university will use for academic scholarships and educational programming. Huntington is also committing $100 million in dedicated community lending and investments to support the economic development of Columbus’ University District and Near East Side. The partnership includes revenue sharing, which will mean additional funds for the university to invest in the academic core as the relationship expands.
The agreement provides Huntington exclusive access to directly offer tailored products and services to more than 600,000 students, faculty, staff and alumni. At Huntington, 20 Ohio State paid student internships are guaranteed for each year of the partnership. At Ohio State, Huntington will add up to four branches on the main campus and eventually operate 26 ATMs in the University District to give the Ohio State community easy access and convenience. Currently, Huntington has 10 ATMs on campus.