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Huntington Bancshares Incorporated - Recent Material Event
Item 8.01 Other Events.
On March 8, 2012, The Huntington National Bank, a wholly owned subsidiary of Huntington Bancshares Incorporated, sold $1.3 billion of automobile loans and installment sales contracts to Huntington Auto Trust 2012-1, a newly formed statutory trust established by The Huntington National Bank, in a transaction that was accounted for as a sale under generally accepted accounting principles.
Huntington Auto Trust 2012-1 acquired the loans with proceeds of the issuance of $1.3 billion of asset-backed notes in transactions exempt from registration under the Securities Act of 1933, as amended.
The Huntington National Bank will service the loans on behalf of Huntington Auto Trust 2012-1.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Huntington Bancshares Incorporated|
|March 8, 2012||By:||
/s/ Richard A. Cheap
|Name: Richard A. Cheap|
|Title: Executive Vice President and Secretary|