This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Peter Arendt To Lead Huntington Bank’s New Food And Agribusiness Initiative

Stocks in this article: HBAN

Huntington Bank (NASDAQ: HBAN; www.huntington.com) today appointed Peter Arendt managing director, food and agribusiness banking. Arendt will lead the development and expansion of Huntington’s commercial banking initiative serving businesses engaged in the production, processing and distribution of food and agricultural products across Huntington’s markets and beyond.

Arendt joins Huntington from Bank of Oklahoma where he successfully built a broad-based food, agriculture and related commodities business for BOK Financial. Prior to Bank of Oklahoma, he managed development of Wells Fargo’s food and agribusiness in the Eastern U.S.

“Peter has a long and successful history positioning food and agriculture businesses for growth,” said Richard Remiker, executive vice president and senior managing director of specialty banking at Huntington. “Over the last three years, we have seen the need for increased expertise to help drive cross sell and additional customer acquisition. Peter is intimately familiar with mitigating commodity risk, challenges surrounding food safety and the need for increased capital in today’s environment.”

Food and agribusiness accounts for nearly 20 percent of jobs nationally, according to the U.S. Department of Agriculture, the bulk of which is even more concentrated across Huntington’s markets as a major portion of overall Midwest economic activity.

Serving an industry faced with increasingly volatile commodities prices, changing consumer preferences, and increased expense associated with food safety, Arendt will build out a team with extensive experience in providing increased capital and delivering risk management solutions that protect margins.

“Right now there’s a need for superior financial expertise in what continues to be a dynamic and changing industry,” said Arendt. “Managing risk is paramount, as is the ability to anticipate and manage trade and currency issues. These are major areas of focus at Huntington.”

Arendt earned his master’s degree in business and administration and bachelor’s degree in agriculture economics from Northwest Missouri State University.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs