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| Huntington Bancshares Announces Sale of J. Rolfe Davis Insurance Agency, Inc. |
COLUMBUS, Ohio, July 2 /PRNewswire-FirstCall/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) ( http://www.huntington.com ) today announced the sale of the J. Rolfe Davis Insurance Agency, Inc. to members of its management team. This transaction, and the absence of any related net earnings contribution going forward, will not materially impact Huntington's financial results. Huntington acquired Orlando Florida-based J. Rolfe Davis in August of 2000 and operated it as a stand-alone property and casualty insurance agency within Huntington's insurance operations. Huntington's decision to sell J. Rolfe Davis at this time is consistent with its strategic refocusing plan, including the sale of its Florida banking operations in February. Huntington remains committed to growing its insurance business in markets served by its retail and commercial banking operations. About Huntington Huntington Bancshares Incorporated is a $25 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 136 years of serving the financial needs of its customers. Huntington provides innovative retail and commercial financial products and services through more than 300 regional banking offices in Indiana, Kentucky, Michigan, Ohio and West Virginia. Huntington also offers retail and commercial financial services online at http://www.huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of more than 900 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Florida, Tennessee, Pennsylvania and Arizona; Private Financial Group offices in Florida; and Mortgage Banking offices in Florida, Maryland and New Jersey. International banking services are made available through the headquarters office in Columbus and additional offices located in the Cayman Islands and Hong Kong. Huntington Forward-looking Statement This press release contains certain forward-looking statements, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. A number of factors, including but not limited to those set forth under the heading "Business Risks" included in Item 1 of Huntington's Annual Report on Form 10-K for the year ended December 31, 2001, and other factors described from time to time in Huntington's other filings with the Securities and Exchange Commission, could cause actual conditions, events, or results to differ significantly from those described in the forward-looking statements. All forward-looking statements included in this news release are based on information available at the time of the release. Huntington assumes no obligation to update any forward- looking statement.SOURCE Huntington Bancshares Incorporated
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