Huntington Bank to Integrate With RouteOne
FARMINGTON HILLS, Mich., Aug. 31, 2005 -- Huntington Bank, an industry leader in automotive lending, is now live on the RouteOne credit application management system. Huntington exited their test pilot successfully and will now be available to dealers with an existing relationship to the bank. RouteOne was created in 2002 by DaimlerChrysler Services, Ford Motor Credit Company, General Motors Acceptance Corporation, and Toyota Financial Services to streamline the automotive finance process for dealers.
Huntington Bancshares Incorporated is a $33 billion regional bank holding company headquartered in Columbus, Ohio. The company's Dealer Sales group has automobile lending activities and relationships with more than 3,500 automobile dealers in Ohio, Michigan, West Virginia, Indiana, Kentucky, Arizona, Florida, Georgia, Pennsylvania, and Tennessee. Its products and services include indirect consumer loans and leases, as well as dealer floor plan and other commercial financing and banking services.
"Many of our 18,500 dealership customers enjoy a relationship with Huntington Bank," said Mike Jurecki, RouteOne CEO. "Their 50-plus years of experience, coupled with their dedication to service, make them a welcome addition to the RouteOne system."
"One of our key objectives is to provide dealers and their customers with the best service possible," said Nick Stanutz, Huntington's Senior Executive Vice President, Dealer Sales. "Using the latest technology, such as that from RouteOne, helps us achieve our goals and is an important element in our continued success."
RouteOne offers service to more than 18,500 dealerships across the U.S. and Canada. With over 30 integrated finance source partners, the RouteOne system has set record application volumes every month since its launch in June of 2004. The system is free to dealers and offers a wide variety of tools to assist the dealer in managing the day-to-day business, such as a detailed reporting suite, DSP integration, and credit bureau access, all within a single desktop application.
About RouteOne
Established in April 2002, RouteOne LLC is a joint venture formed by DaimlerChrysler Services, Ford Motor Credit Company, General Motors Acceptance Corporation, and Toyota Financial Services to deliver vastly improved efficiencies in the credit application process for automobile dealers, their customers and participating finance institutions. The joint venture has developed a web-based system that will enable dealers and all their finance sources, including banks and other financial institutions, to manage the credit application and consumer financing process online. More information is available at http://www.routeone.com/ .
About Huntington
Huntington Bancshares Incorporated is a $33 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 139 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://huntington.com/ ; through its technologically advanced, 24-hour telephone bank; and through its network of approximately 800 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Florida, Georgia, Tennessee, Pennsylvania, and Arizona; Private Financial and Capital Markets 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 an office located in the Cayman Islands and an office located in Hong Kong.