Huntington Bancshares Increases Prime Rate to 7.00 Percent
Huntington Bancshares Incorporated has raised its prime rate from 6.75 percent to 7.00 percent, effective immediately. The decision reflects ongoing adjustments in response to broader economic conditions and monetary policy trends. As a major regional bank with over $284 billion in assets, Huntington serves millions of customers across multiple states through more than 1,400 branches. This rate increase may influence borrowing costs for consumers and businesses reliant on prime-rate-based loans or credit lines offered by the institution.
Tickers: $HBAN
Topics: banking prime rate