The Huntington National Bank continues to expand its commercial banking segment across the country by bringing its middle-market banking capabilities to Florida.
To lead its efforts in the state, Huntington has hired veteran middle-market banker Josh Sheradsky who has supported clients there for 16 years. As senior managing director at Huntington, he will lead a team of commercial bankers at the bank's new office in Fort Lauderdale.
Middle-market banker Monica Olsen also has joined the team as senior executive relationship manager, bringing 15 years of commercial banking experience.
The Florida expansion is the latest growth initiative for Huntington Commercial Bank, which has expanded its middle-market banking presence into North Carolina, South Carolina and Texas over the last two years.
Huntington Commercial Bank also has recently launched a diverse range of new industry verticals as part of its focus on serving more clients across the U.S. The new verticals include Fund Finance, Native American Financial Services, Mortgage Servicing Lending and Deposits, Financial Institutions Group and Aerospace & Defense.
Through local teams in each of its markets, Huntington Commercial Bank's middle-market banking business supports mid-sized corporate clients with comprehensive commercial banking services, including lending, liquidity, treasury management and payments services, and capital markets. The business also connects clients with Capstone Partners, Huntington's investment banking and advisory firm.
The middle-market banking teams take a relationship-based, insights-driven approach by looking at holistic solutions, from capitalizing on new opportunities and improving efficiency to navigating uncertainty and mitigating risks. The teams also work closely with Huntington's wealth management segment, Huntington Private Bank, to support business leaders with their personal needs, including transition and succession planning.
Huntington Private Bank has an office in Naples that provides financial guidance, comprehensive wealth planning and elite client service.
"At Huntington, our goal is to bring our commercial banking expertise and capabilities to more clients across the country and ultimately help their businesses thrive," said Scott Kleinman, president of Huntington Commercial Bank. "With our experienced middle-market team in Florida, we're well positioned to meet the complex needs of a diverse range of companies in one of the fastest-growing markets in the nation."