Banking Financial News

Huntington Bancshares Declares Dividend

COLUMBUS, Ohio, — The Board of Directors of Huntington Bancshares Incorporated has declared and set aside a quarterly cash dividend on the company’s 5.70% Series I Non-Cumulative Perpetual Preferred Stock of $356.25 per share (equivalent to $0.35625 per depositary share) payable March 1, 2023, to shareholders of record on February 15, 2023.

Prime Rate Increases

CHICAGO, — BMO Financial Group, KeyCorp,  Associated Banc-Corp, Huntington Bank, and M&T Ban each increased its US$ prime lending rate from 7.00 percent to 7.50 percent, effective on or about December 15, 2022.

Isabella Bank Increases Q4 Dividend

MT. PLEASANT, Mich., — The Board of Directors of Isabella Bank Corporation has declared a fourth-quarter cash dividend of $0.28 per common share at its regular meeting on November 30, 2022. The $0.28 dividend represents a $0.01 or 3.7% increase from the third quarter dividend and brings year-to-date dividends to $1.09. The dividend became payable December 16, 2022, to shareholders of record as of December 14,…