Huntington turnaround cements CEO's reputation
According to U.S. Banker, Huntington Bancshares was in freefall five years ago. Merger integrations have been botched. E-commerce initiative disappointed. Credit quality was middling and loan growth was stalled. Earnings, unsurprisingly, reflected the problems. Enter Thomas Hoaglin, who became CEO in early 2001. Since then, he has fixed some huge problems and gotten the bank on track--so much so that potential acquirers are eyeing the bank, which may or may not be a good thing.
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