News Summary
Huntington Bank has appointed Jay Turakhia as the new Regional President for Northeast Ohio, effective November 3. Turakhia will oversee the bank’s operations in a key market area, including Cleveland and Akron. The leadership change follows Sean Richardson’s promotion to a national position. Turakhia brings extensive banking experience and personal ties to the region, which he views as a significant opportunity for community engagement and operational enhancement.
Cleveland, Ohio – Huntington Bank has announced the appointment of Jay Turakhia as the new Regional President for Northeast Ohio, effective November 3. Turakhia steps into this role following the promotion of Sean Richardson, who has been elevated to president of Huntington Distribution Finance, a national position.
As Regional President, Turakhia will oversee Huntington Bank’s operations in a market area that includes Cleveland, Akron, Canton, and surrounding communities. This area is compelling due to its expansive network of more than 120 bank branches and approximately 2,900 employees spread across 17 counties. Bank officials have indicated that the transition in leadership is expected to be smooth, with no significant changes anticipated in the operational dynamics of the Northeast Ohio market.
Richardson has been a significant figure in Huntington’s presence in the region since mid-2016, following the bank’s acquisition of FirstMerit Bank. Throughout his tenure, he emphasized fostering a positive workplace culture and achieving substantial deposit growth. He expressed his commitment to maintaining stability during the leadership change.
On the other hand, Turakhia brings a wealth of experience from his previous role as the Greater Baltimore market president for Truist Bank, where he served for five years. His extensive background in banking also includes a substantial period at PNC Bank in Maryland. Huntington executives, including Christian Corts, the regional banking director, expressed confidence in Turakhia’s capabilities, highlighting that his leadership style will be crucial for maintaining connectivity within the community and enhancing banking operations.
Turakhia has personal ties to the Northeast Ohio region, with family roots tracing back to Solon, where his parents emigrated from India. He regards his new position as a “career-defining opportunity” and is looking forward to moving to Northeast Ohio with his wife and two young sons to be near family.
Huntington Bank is recognized as the second-largest bank in Northeast Ohio by deposit market share, following KeyBank. The leadership change is part of Huntington’s broader strategy to strengthen its community engagement and banking operations in this vital region. This aligns with the bank’s objective to continue building upon its existing successes, as noted by Richardson, who will maintain an active presence in the Northeast Ohio market and serve as Chairman of Huntington’s Cleveland Advisory Board.
With Huntington Bancshares Incorporated being a $208 billion asset regional bank holding company headquartered in Columbus, Ohio, the move to bring Turakhia into the leadership team shows the bank’s ongoing commitment to adapt to market needs while nurturing local relationships.
In essence, the transition marks a new chapter for Huntington Bank in Northeast Ohio, as they strive to maintain strong customer relationships and community engagement under the leadership of Jay Turakhia.
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Additional Resources
- Crain’s Cleveland
- Wikipedia: Huntington Bancshares
- PR Newswire
- Google Search: Huntington Bank
- Cleveland Browns
- Encyclopedia Britannica: Banking
- Cleveland 19 News
- Google News: Huntington Bank Northeast Ohio
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