OSU, Huntington OK exclusive-banking deal
2/3/2012COLUMBUS — Ohio State University has entered into a $125 million partnership that gives Huntington National Bank exclusive rights to retail banking on campus in exchange for endowment funding and neighborhood investments.
The deal announced Thursday allows Columbus-based Huntington to open four more branches on campus and operate 26 ATMs on campus and nearby.
Ohio State will get $25 million for academic scholarships and educational programs, and the bank will provide another $100 million in loans and investments for economic development in the neighborhoods around the university. Huntington also will provide 20 paid internships annually for Ohio State students over the life of the 15-year arrangement.