Good afternoon my name is Chanel and I will be your conference operator today. At this time I would like to welcome everyone to the Huntington third quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question and answer session. (Operator instructions). Thank you. Mr. Gould, you may begin your conference.

Thank you, Chanel and welcome everybody. I am Jay Gould, Director of Investor Relations for Huntington. Copies of the slides we will be reviewing can be found on our website www.Huntington.com. This call is being recorded and will be available as a rebroadcast starting about an hour from the close. Please call the investor relations department at 614-480-5676 for more information on how to access these recordings or playback, or should you have difficulty getting a copy of the slides. Slides two through four, notes several aspects of the basis of today’s presentation. I encourage you to read these, but let me point out one key disclosure. This presentation does contain both GAAP and non-GAAP financial measures, and where we believe it’s helpful to understanding Huntington’s results of operations or financial position. Where non-GAAP financial measures are used the comparable GAAP financial measures as well as the reconciliation to the comparable GAAP financial measure can be found in the slide presentation in its appendix in the press release and the quarterly financial review supplements to today’s earnings press release or in the related Form 8-K filed earlier today, all of which you can find on our website. Turning to slide 5, today’s discussion including the Q&A period, may contain forward-looking statements. Such statements are based on information and assumptions available at this time and are subject to changes, risks and uncertainties, which may cause actual results to differ materially. We assume no obligation to update such statements. For a complete discussion of the risks and uncertainties, please refer to this slide and materials filed with the SEC including our most recent Forms 10-K, 10-Q and 8-K filings. Now, turning to today’s presentation, as noted on slide six, participating today are Steve Steinour, our Chairman, President and Chief Executive Officer; Don Kimble, Senior Executive Vice President and CFO; and Tim Barber, Senior Vice President of Credit Risk Management. Also present for the Q&A session is Dan Neumeyer, Senior Executive Vice President and Chief Credit Officer; and Nick Stanutz, Senior Executive Vice President of Auto Finance and Dealer Services. Let’s get started by turning to slide seven and Steve.

Thank you, Jay, and welcome everyone. First, a word of introduction. I am pleased to introduce Dan Neumeyer to you. He has just joined us early this month. Dan came to us from Comerica where he was the Chief Credit Officer for the Texas bank. He has extensive credit and commercial banking experience with middle market companies and small businesses. He also has experience in commercial credit training that will broaden team skills here in Huntington. Potentially, he brings a demonstrated expertise in portfolio management. He has got a proven track record of performance, which will further strengthen the credit culture here at Huntington. So, welcome Dan. I think it’s important to note upfront that for the nine months, we’ve made good progress in positioning Huntington for improved long-term performance. I hope you have seen the urgency with which we are moving forward. Our number one objective is to position Huntington to return to profitability as soon as possible with better and consistent long-term performance. Progressively addressing credit issues is fundamental to achieve in its objective. We made a number of significant decisions in the first half of the year and some more this past quarter is part of our objective to continue to seek opportunities to aggressively identify and resolve problem credits. Despite the third quarter’s loss, we are encouraged by the progress we are making. As I noted in the last quarter, we are moving towards pulling offsets, and you will see that evident in a number of third quarter performance stats. We are more focused and are seeing improvement in underlying performance in a number of key areas. I’ll begin with the review of our third quarter performance highlights. Dan will follow up with a detailed overview of our financial performance. Tim will provide an update on…

Thank you, Steve. Slide 10 provides a summary of our quarterly earnings trends. Our reported net loss as Steve said earlier for the quarter was $0.33 per common share, or $0.07 per share less than our second quarter loans. Many of the other performance metrics will be discussed later in the presentation, so let's move on. On slide 11, we provide an overview of our pre-tax pre-provision income performance. We believe this metric is useful in assessing the underlying operating performance. We calculate this metric by starting with the pre-tax earnings, then excluding three items, provision for credit losses, security gains and losses, and amortization of intangibles. In the past, we've also adjusted for certain significant items. However, this quarter we did not adjust for any items. On this basis, our pre-tax, pre-provision income for the third quarter was $237.1 million, up $7.8 million or 3% from the last quarter. This improvement clearly reflects the management’s actions taken during the first nine months of the year, and we continue to look for additional opportunities to improve our core operating performance. Slide 12 provides a trend of our net interest income and our margin. During the third quarter, our net interest income increased by $15.9 million, reflecting a 10 basis point improvement in our net interest margin and a stable average earning asset base. The margin improvement reflected a favorable impact of our improved loan pricing and deposit mix, partially offset by the negative impact of the actions taken to improve our on-balance sheet liquidity position, and the higher levels of nonperforming assets. On slide 13, we show the change in our mix of our investment portfolio. With the growth in our deposits, we've invested the funds primarily in two-year agency securities and three-year agency CMOs. The short-term nature of these…

Thanks, Don. Turning to slide 21 our total charge-offs were $21.5 million or 6% higher in the third quarter than the second quarter. However, there were substantial changes in the composition. Total commercial net charge-offs were $32.8 million lower in the quarter as the C&I portfolio showed a significant decline while the commercial real estate portfolio remained constant. In the consumer portfolio, two discretionary credit actions associated with the residential mortgage portfolio substantially increased the charge-off recognized in the quarter. As the economic conditions in our market continue to be challenging and the home prices remained flat, we adjusted the timing of our loss recognition to ensure that we are taking a conservative view of the value of the real estate collateral. This change accounted for a $32 million loss during the quarter. In addition, we transferred $45 million of underperforming residential mortgage loans to loans held for sale which resulted in a $17.6 million loss. This sale activity was entirely comprised of Huntington originated loans. We believe that the combination of these two actions best positions Huntington well for the future. The remaining consumer loan portfolios performed much as anticipated with lower auto losses and marginally higher home equity losses primarily as a result of increased short sale activity. The third quarter represented our highest level of closed loss mitigation structures. It is important to note that all of the consumer portfolio showed improved early stage delinquency levels of our second quarter results. As we consider our asset quality trends and drivers the commercial real estate portfolio remains the most stressed. The bulk of the commercial real estate net charge-offs came from the two highest risk segments of the portfolio, single-family home builders and commercial real estate retail projects. Both of these segments continue to show stress as we…

Thank you, Tim. Turning to slide 34, let me share with you my expectations about 2009 fourth quarter performance. First, as we've said since January, we still do not believe there will be any significant economic turnaround this year. We continue to believe we are good at understanding the risks in our consumer loan portfolios and that those loans will perform on a relative basis better throughout this cycle. Nevertheless, as noted earlier, we're continuing to seek opportunities to accelerate the identification, resolution of problem credits, returning Huntington to profitability as soon as possible, is our highest priority, and getting the credit issues identified, addressed, and behind us is key. As such, we anticipate that net charge-offs, provision expense and loan loss reserves will remain elevated. The good progress we've made in improving our pre-tax, pre-provision income is encouraging by continuing to focus from disciplined loan and deposit pricing, we expect our fourth quarter net interest margins will be flat to slightly higher than the third quarter. The very interaction we have achieved in growing transaction related core deposits is also expected to continue. However, loans are expected to decline modestly reflecting the impacts of our continued efforts to reduce commercial real estate exposure, the weak economy overall and ongoing net charge-offs. Fee income performance will remain slightly remained mixed and expenses well controlled. Let me use slide 35 to review key messages that I hope come through from our products. First, everything we are doing, all of our actions and decisions are focused on returning Huntington to profitable performance as soon as possible. I know everyone will like me to give a timetable, but I am just not feeling I am in a position to do that at this point. The fact is, there are just too many uncertainties…

(Operator instructions). Your first question is from the line of Matthew O'Connor with Deutsche Bank. Matthew O'Connor – Deutsche Bank: Good afternoon.

Hey, Matt. Matthew O'Connor – Deutsche Bank: First question is, last quarter you deep dived into commercial real estate and C&I to some extent, and I think we had some acceleration of losses related to that. This quarter there is a change in the timing of recognizing losses and resi mortgage. Are there any other things like this that you can see coming down the road in terms of how you deal with the losses or deep dives, and things like that?

Well, Matt, we are continuing to be concerned about commercial real estate. We talked about that when we did the fourth quarter April announcement. We think that's the challenge, certainly for the years, and I think most people would say it's going to be a challenge into 2010, and we believe that's the case. Although a quarter doesn't make a trend, we were pleased with what we saw on the commercial and business banking book. We decided to take some action on the resi mortgage book, which we think was prudent to do. There's nothing that we're working on at this point regarding a change in charge-offs to answer your question, a change in charge-off policy on any of the portfolios. Matthew O'Connor – Deutsche Bank: Okay. So, maybe, going from here on, it will be just kind of your more normal, abnormal run rate level of losses as opposed to maybe some of these chunky things?

Matt, this is Tim. I'd add a couple of comments particularly on the residential side. We've been looking at ways to move some of the risk in the residential portfolio for quite a while. We think that we found an opportunity where the execution made sense to us, and so we took advantage of that and that's part of the chunkiness, as you call it, in the third quarter results. So, that wasn't planned, that was a case of taking advantage of an opportunity that presented itself. So, as Steve said, we don't have any other macro changes in charge off policy on the horizon.

We did sell a couple of small commercial portfolios as well that were – I'd characterize this is sort of testing the market and understanding if we think there's an opportunity that makes sense, then we proceeded. We're not trying to signal an intent to sell large boxes [ph] of nonperforming or near nonperforming. On the other hand, we're looking at all options. So just, we'll continue to do that. Matthew O'Connor – Deutsche Bank: Okay. And then just unrelated question for Don, you had mentioned some liability actions that made this capital were being explored. I assume this relates to potentially buying back some debt. How meaningful could that be from an earnings capital point of view? And I assume there'd be no impact on shares from all those stuff that you're talking about, right?

We would not plan on issuing shares in connection with any type of liability management, and as we get some additional detail, we'll make sure that we announce that. I would not view it as significant as far as an overall impact from any type of liability management. Matthew O'Connor – Deutsche Bank: Okay, thank you very much.

Thanks, Matt.

Your next question is from the line of Ken Zerbe with Morgan Stanley. Ken Zerbe – Morgan Stanley: Thanks. When you look at your commercial real estate portfolio and I am just speaking specifically about non-construction CRE, what is it that you guys did in terms of your historical lending practices or how you underwrote the loans that is leading to this higher level of losses? I guess I'm just trying to reconcile again the non-construction series losses that you guys are having versus a lot of the other banks where we really haven't seen much in terms of ultimate losses, but we expect to in the future, and trying to understand if you can get through the hump a little bit quicker than they can?

Ken this is Tim. I would say is that in answer to your question, we were a relatively conservative underwriter in commercial real estate. Much of the activity has supportive guarantor/sponsors. And so the difference that you note between Huntington and the industry I think is more timing. And so you sort of alluded to that yourself that you expect to see the non-construction real estate losses increase at other banks, I do too.

Ken, just to follow-up, we did a lot of portfolio review activity on single family and retail first quarter. We picked up the rest of the book CRE and C&I in the second quarter but we shared with you collectively that, that wasn't a one-time exercise. Anything that we identified that was of concern, we want to continue with a very active portfolio review process, and we have done that on a monthly basis, and those activities that we started after that second quarter review are in addition to the monthly review that we began in February of criticized assets. So there is just enormous intense effort to identify and address issues within the commercial and commercial real estate portfolios. And the CRE [ph] book, I don't know, I can't think of any developer, (inaudible) executive or otherwise I've talked to, or that any of us to have reported back on that suggests it’s passed over [ph] or getting better. So, we're trying to be very realistic in our assumptions, it's not getting better, therefore getting after it now is in fact the appropriate thing to do on multiple fronts, including mitigating loss by taking reasonably aggressive actions at this stage. Ken Zerbe – Morgan Stanley: Okay. All right. The other question I had was just in terms of bringing on; I guess the early stage delinquent commercial loans on to NPL sooner. I understand that working with the borrowers from an earlier point in time before they become completely delinquent mix it help reduce severity in the long-term. But does it matter if you bring them on NPA now or if you're just working with them while they're still performing? I guess, why the distinction of bringing on the increasing your NPAs because with only a 30 days delinquent?

We're probably not as sensitive to that as perhaps some others, one. Two, the regs [ph] require that if you don't expect to receive repayment of principal and interest, that you may get determination, if you don't expect to you've made a determination as to collectability, and it should go non-accrual. And the intensiveness of our reviews, cumulative reviews, are getting us to a position, again, going back to your earlier question, maybe a little sooner than some others are. It is hard to speculate what others are doing when we don't know their books, but we're calling it as we see it, and we're trying to be conservative. Ken Zerbe – Morgan Stanley: Okay, great. Thank you.

Thank you.

Your next question is from the line of Jeff Davis with FTN Equity.

Hi.

Hi Jeff. Jeff Davis – FTN Equity: Hi. Don, the capital that you just raised through the common raise, is that still sitting at the parent company, or it has been down streamed to the subsidiary bank, and then s an aside how much cash is the parent company sitting on today?

Yes, the $587 million is still sitting at the parent company. We did, during the third quarter, inject additional common equity down into the bank of about $250 million from previous equity issuances. And, as far as the cash position of the bank, I know it's north of a billion and a half dollars, but I don't know the number off the top of my head right now, but it's significant as far as the cash position. Jeff Davis – FTN Equity: Okay, that is the sign. And Steve, for you, related to this, in your contacts around the industry, is there a notable difference between the OCC and the state regulators or state chartered banks in terms of calling on the parent companies to inject capital into the subs?

You're asking me to really speculate. I don't know a lot of that at the state level. Historically, my experience is having been at a state level and also with the OCC would suggest, and I think we're state level at seven or eight banks – seven or eight states, which suggests there's a marked difference, but I don’t – it would be speculation to suggest that at the moment on my part. Jeff Davis – FTN Equity: That's fine. The only reason I ask is it seems to be a little bit more prevalent at OCC banks. That's fine. Thank you.

Thanks, Jeff.

Thank you.

Your next question is from the line of Ken Usdin with Bank of America Merrill Lynch. Ken Usdin – Bank of America Merrill Lynch: Thanks. Good afternoon.

Hi, Ken. Ken Usdin – Bank of America Merrill Lynch: Just two questions for you, Don. First of all, Steve, can you talk about not expecting change in the economy in the near term, but I was just wondering how do you think your footprint would act relative to this broader economic recovery across the country, and what are you not seeing, I guess, that you would like to start seeing as far as starting to see some glimmers of hope?

There's almost a tale of two worlds, Ken. You know, if you are in West Michigan, you have a much different outlook than East Michigan. You got parts of East Michigan with mid-20s unemployment. Toledo, where are number one, so I think a 15% unemployment rate. This auto zone in East Michigan, Northwest Ohio, parts of Indianapolis it's very tough there. Now, contrast that with West Michigan, Columbus, and Indianapolis, you know you're like national averages. And there are activities going on in the markets that are much more encouraging, and I think they'll come back faster than, again, some of the auto zone belts. So, I don't mean to duck your answer but it really depends on the geography. I think there are already actions that are suggesting some of these regions may be stabilizing, but as a whole I wouldn't suggest that's true for the Midwest yet. Ken Usdin – Bank of America Merrill Lynch: Got you. Okay. And then my second question relates to the investment portfolio, and you touched on this some, I believe, you’ve put a couple billion dollars back into the investment portfolio, and I am just wondering is that going to be kind of the strategy, and how are you balancing that against the kind of keeping capital on hand, so are we going to kind of continue to keeping capital on hand? So, are we going to kind of continue to see earning assets run flattish as you basically just plug the hole for a slower loan growth with investment purchases, and how do you expect that to layer out in advance of rates eventually going higher?

Sure. As far as the investment portfolio and overall earning assets, we think earning assets will really be driven by our deposit growth as opposed to any other aspect as to the asset side of the balance sheet. And, so, you probably will see a higher growth in investment securities going forward, because we just don't see the loan demand to really start to see any growth any time soon there. And as far as the portfolio itself, we'll probably continue to invest fairly short term in nature and use the proceeds in low risk, short-term securities so that it allows us to reposition as the interest rates would start to pick up and as the loan demand would start to pick up as well. Ken Usdin – Bank of America Merrill Lynch: Right. You're see enough opportunities to keep buying in the market as opposed to just letting the deposit – letting high cost deposits or what's left for your brokered CDs kind of run down?

We do plan on actively managing wholesale and brokered, and we have repaid everything with both from a home loan bank without penalty at this point, and we are running off the other wholesale. We expect to increasingly have the total balance sheet deposit funded at levels the company hasn't had before. Ken Usdin – Bank of America Merrill Lynch: Got you. Going great. Thanks a lot.

Thank you.

Thank you.

There are no further questions at this time.

Okay. Well, if that's the case then, thank you very much for participating in the call. If you have follow-up questions, please be sure to give myself, Jay Gould or my associate, Tim Graham a call. Thank you.

Thank you for joining today's conference. You may now disconnect.