Business Strategy and Outlook
| Eric Compton |Huntington Bancshares is a midsize U.S. regional bank concentrated in the Midwest. It did not fare well in the aftermath of the financial crisis, largely because of the poorly timed acquisition of Sky Financial in 2007. Although it seemed like a reasonable combination at the time with significant footprint overlap, the potential for considerable synergies turned into massive losses due to the subprime mortgage business and bad commercial loans, which nearly broke the bank.