The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Huntington Bancshares Incorporated, Columbus, Ohio, a bank holding company, and the Federal Reserve Bank of Cleveland.
The Written Agreement addresses deficiencies relating to the company's corporate governance, internal audit, risk management and internal controls over financial reporting, accounting policies and procedures, and regulatory reporting.
In a separate, coordinated action, the Office of the Comptroller of the Currency announced the execution of a formal agreement with Huntington National Bank, Columbus, Ohio, a wholly owned subsidiary of Huntington Bancshares Incorporated.
A copy of the Written Agreement is attached.
Attachment (279 KB PDF)