Document:

Deposit Agreement between Huntington Bankshares Incorporated and Mellon

 Exhibit 4.20 
 DEPOSIT AGREEMENT 
 Dated November 29, 2011 

Among 

HUNTINGTON BANCSHARES INCORPORATED 
 AS THE COMPANY, 
 MELLON INVESTOR SERVICES LLC 

AS DEPOSITARY, REGISTRAR AND TRANSFER AGENT 
 And 
 THE HOLDERS FROM TIME TO TIME OF THE RECEIPTS DESCRIBED HEREIN 

RELATING TO RECEIPTS AND DEPOSITARY SHARES 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	ARTICLE I	  			
	 Definitions
	  		  	 	1	  
		
	ARTICLE II	  			
		
	 Form of Receipts, Deposit of Preferred Stock, Execution And Delivery, Transfer, Surrender and Redemption of
Receipts
	  	 	4	  
			
	 SECTION 2.01.
	  	 Form and Transferability of Receipts
	  	 	4	  
			
	 SECTION 2.02.
	  	 Deposit of Preferred Stock; Execution and Delivery of Receipts in Respect Thereof
	  	 	6	  
			
	 SECTION 2.03.
	  	 Optional Redemption of Preferred Stock for Cash
	  	 	7	  
			
	 SECTION 2.04.
	  	 Registration of Transfers of Receipts
	  	 	8	  
			
	 SECTION 2.05.
	  	 Combinations and Split-ups of Receipts
	  	 	8	  
			
	 SECTION 2.06.
	  	 Surrender of Receipts and Withdrawal of Preferred Stock
	  	 	9	  
			
	 SECTION 2.07.
	  	 Limitations on Execution and Delivery, Transfer, Split up, Combination, Surrender and Exchange of Receipts
	  	 	10	  
			
	 SECTION 2.08.
	  	 Lost Receipts, etc.
	  	 	10	  
			
	 SECTION 2.09.
	  	 Cancellation and Destruction of Surrendered Receipts
	  	 	10	  
			
	 SECTION 2.10.
	  	 No Pre-Release
	  	 	11	  
		
	ARTICLE III	  			
		
	 Certain Obligations of Holders of Receipts and the Company
	  	 	11	  
			
	 SECTION 3.01.
	  	 Filing Proofs, Certificates and Other Information
	  	 	11	  
			
	 SECTION 3.02.
	  	 Payment of Fees and Expenses
	  	 	11	  
			
	 SECTION 3.03.
	  	 Representations and Warranties as to Preferred Stock
	  	 	11	  
			
	 SECTION 3.04.
	  	 Representation and Warranty as to Receipts and Depositary Shares
	  	 	12	  

							
	ARTICLE IV	  			
		
	 The Preferred Stock; Notices
	  	 	12	  
			
	 SECTION 4.01.
	  	 Cash Distributions
	  	 	12	  
			
	 SECTION 4.02.
	  	 Distributions Other Than Cash
	  	 	12	  
			
	 SECTION 4.03.
	  	 Subscription Rights, Preferences or Privileges
	  	 	13	  
			
	 SECTION 4.04.
	  	 Notice of Dividends; Fixing of Record Date for Holders of Receipts
	  	 	14	  
			
	 SECTION 4.05.
	  	 Voting Rights
	  	 	14	  
			
	 SECTION 4.06.
	  	 Changes Affecting Preferred Stock and Reorganization Events
	  	 	15	  
			
	 SECTION 4.07.
	  	 Inspection of Reports; Delivery of Reports
	  	 	16	  
			
	 SECTION 4.08.
	  	 Lists of Receipt Holders
	  	 	16	  
		
	ARTICLE V	  			
		
	 The Depositary and the Company
	  	 	16	  
			
	 SECTION 5.01.
	  	 Maintenance of Offices, Agencies and Transfer Books by the Depositary and the Registrar
	  	 	16	  
			
	 SECTION 5.02.
	  	 Prevention or Delay in Performance by the Depositary, the Depositary’s Agents, the Registrar, the Transfer Agent or the
Company
	  	 	17	  
			
	 SECTION 5.03.
	  	 Obligations of the Depositary, the Depositary’s Agents, the Registrar, the Transfer Agent and the Company
	  	 	17	  
			
	 SECTION 5.04.
	  	 Resignation and Removal of the Depositary; Appointment of Successor Depositary
	  	 	21	  
			
	 SECTION 5.05.
	  	 Indemnification by the Company
	  	 	22	  
			
	 SECTION 5.06.
	  	 Fees, Charges and Expenses
	  	 	22	  
		
	ARTICLE VI	  			
		
	 Amendment and Termination
	  	 	23	  
			
	 SECTION 6.01.
	  	 Amendment
	  	 	23	  
			
	 SECTION 6.02.
	  	 Termination
	  	 	23	  

  
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	 ARTICLE VII
	  			
		
	 Miscellaneous
	  	 	24	  
			
	 SECTION 7.01.
	  	 Counterparts
	  	 	24	  
			
	 SECTION 7.02.
	  	 Exclusive Benefits of Parties
	  	 	24	  
			
	 SECTION 7.03.
	  	 Invalidity of Provisions
	  	 	24	  
			
	 SECTION 7.04.
	  	 Notices
	  	 	24	  
			
	 SECTION 7.05.
	  	 Depositary’s Agents
	  	 	25	  
			
	 SECTION 7.06.
	  	 Holders of Receipts Are Parties
	  	 	25	  
			
	 SECTION 7.07.
	  	 Governing Law
	  	 	25	  
			
	 SECTION 7.08.
	  	 Inspection of Deposit Agreement and Articles Supplementary
	  	 	26	  
			
	 SECTION 7.09.
	  	 Headings
	  	 	26	  

  

					
	 EXHIBIT A - Form of Face of Receipt; Form of Reverse of Receipt

	
	 EXHIBIT B - Form of Articles Supplementary

  
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 DEPOSIT AGREEMENT 
 DEPOSIT AGREEMENT, dated November 29, 2011, among HUNTINGTON BANCSHARES INCORPORATED, a Maryland corporation (the “Company”), MELLON INVESTOR SERVICES LLC (operating
with the service name BNY Mellon Shareowner Services), a New Jersey limited liability company, and all holders from time to time of Receipts issued hereunder. 
 WITNESSETH: 
 WHEREAS, it is desired to provide, as hereinafter set forth in this
Deposit Agreement, for the deposit of shares of the Company’s Preferred Stock with the Depositary for the purposes set forth in this Deposit Agreement and for the issuance hereunder of Depositary Shares representing a fractional interest in the
Preferred Stock deposited and for the execution and delivery of Receipts evidencing Depositary Shares; 
 WHEREAS, the Receipts
are to be substantially in the form of Exhibit A annexed to this Deposit Agreement, with appropriate insertions, modifications and omissions, as hereinafter provided in this Deposit Agreement; 

WHEREAS, the terms and conditions of the Preferred Stock is substantially set forth in the form of the Articles Supplementary to the
Company’s Charter attached hereto as Exhibit B; and 
 NOW, THEREFORE, in consideration of the promises contained
herein, it is agreed by and among the parties hereto as follows: 
 ARTICLE I 

Definitions 
 The following definitions shall apply to the respective terms (in the singular and plural forms of such terms) used in this Deposit Agreement and the Receipts: 

“Articles Supplementary” shall mean the articles supplementary that amend the Charter of the Company, adopted by the
Board of Directors of the Company or a duly authorized committee thereof, establishing and setting forth the rights, preferences and privileges of the Preferred Stock, a form of which is attached hereto as Exhibit B, which shall be filed with
the Secretary of State of the State of Maryland prior to the issuance of the Receipts to holders, as such articles supplementary may be amended, supplemented or restated from time to time. 

“Charter” shall mean the Articles Restatement of the Charter of the Company dated May 18, 1988, including any
articles supplementary, as restated or amended from time to time. 
 “Company” shall have the meaning set forth
in the preamble, and any successors to such entity. 

 “Delivery Date” shall have the meaning set forth in Section 2.02.

 “Deposit Agreement” shall mean this agreement, as the same may be amended, modified or supplemented from
time to time. 
 “Depositary” shall mean Mellon Investor Services LLC (operating with the service name BNY
Mellon Shareowner Services), a New Jersey limited liability company, having its principal executive office in the United States and any successor as depositary hereunder. 

“Depositary Office” shall mean the principal office of the Depositary at which at any particular
time its business in respect of matters governed by this Deposit Agreement shall be administered, which at the date of this Deposit Agreement is located at Mellon Investor Services LLC, 480 Washington Blvd., 29th Floor, Jersey City, NJ 07310. 

“Depositary Share” shall mean the security representing a 1/40th fractional interest in a share of Preferred Stock deposited with the
Depositary hereunder and the same proportionate interest in any and all other property received by the Depositary in respect of such share of Preferred Stock and held under this Deposit Agreement, all as evidenced by the Receipts issued hereunder.
Subject to the terms of this Deposit Agreement, each owner of a Depositary Share is entitled, proportionately, to all the rights, preferences and privileges of the Preferred Stock represented by such Depositary Share (including the dividend, voting,
redemption and liquidation rights contained in the Articles Supplementary). 
 “Depositary’s Agent” shall
mean an agent appointed by the Depositary as provided, and for the purposes specified, in Section 7.05. 

“Dividend Payment Date” shall have the meaning set forth in the Articles Supplementary. 

“DTC” shall mean The Depository Trust Company. 
 “DTC Receipts” has the meaning set forth in Section 2.01. 

“Exchange Offer” shall mean the offer to exchange, by the Company, of newly issued Depositary Shares representing
proportionate interests in the Preferred Stock, for certain outstanding series of trust preferred securities issued by wholly owned subsidiaries of the Company, as described in the Registration Statement and the prospectus contained therein.

 “Issued Preferred Stock” shall have the meaning set forth in Section 2.02. 

“Preferred Stock” shall mean shares of the Company’s Floating Rate Series B Non-Cumulative Perpetual Preferred
Stock (liquidation preference $1,000 per share), $ 0.01 par value per share, heretofore validly issued, fully paid and nonassessable. 
 “Receipt” shall mean a receipt issued hereunder to evidence one or more Depositary Shares, whether in definitive or temporary form, substantially in the form set forth as Exhibit A
hereto. 

  
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 “record date” shall mean the date fixed pursuant to Section 4.04.

 “Record holder” or “holder” as applied to a Receipt shall mean the individual, entity or
person in whose name a Receipt is registered on the books maintained by the Depositary for such purpose. 
 “redemption
date” has the meaning set forth under Section 2.03. 
 “redemption price” has the meaning set
forth under Section 2.03. 
 “Registrar” shall mean Mellon Investor Services LLC or any bank or trust
company appointed to register ownership and transfers of Receipts or the deposited Preferred Stock, as applicable and as herein provided. 
 “Registration Statement” shall mean the Registration Statement on Form S-4 initially filed by the Company with the Securities and Exchange Commission on November 29, 2011, relating
to the Exchange Offer. 
 “Regulatory Capital Treatment Event” shall have the meaning set forth in the Articles
Supplementary. 
 “Reorganization Event” shall mean: 

(1) any consolidation or merger of the Company with or into another person (other than a merger or consolidation in which the Company is
the continuing corporation and in which the shares of the Company’s common stock outstanding immediately prior to the merger or consolidation are not exchanged for cash, securities other property of the Company or another corporation);

 (2) any sale, transfer, lease or conveyance to another person of all or substantially all the property and assets of the
Company; or 
 (3) any statutory exchange of securities of the Company with another person (other than in connection with a
merger or acquisition) or any binding share exchange which reclassifies or changes its outstanding common stock. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Signature Guarantee” has the meaning set forth under Section 2.02. 

“Transfer Agent” shall mean Mellon Investor Services LLC or any bank or trust company appointed to transfer the Receipts
or the deposited Preferred Stock, as applicable and as herein provided. 

  
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 ARTICLE II 
 Form of Receipts, Deposit of Preferred Stock, Execution And Delivery, Transfer, Surrender and Redemption of Receipts 
 SECTION 2.01. Form and Transferability of Receipts. Definitive Receipts shall be substantially in the form set forth in Exhibit A annexed to this Deposit Agreement, in each case with
appropriate insertions, modifications and omissions (which do not modify the rights or duties of the Depositary under this Deposit Agreement), as hereinafter provided. Pending the preparation of definitive Receipts, the Depositary, upon, and
pursuant to, the written order of the Company delivered in compliance with Section 2.02 shall be authorized and instructed to, and shall, execute and deliver temporary Receipts which shall be substantially of the tenor of the definitive
Receipts in lieu of which they are issued and in each case with such appropriate insertions, omissions, substitutions and other variations as the persons executing such Receipts may determine (but which do not affect the rights or duties of the
Depositary), as evidenced by their execution of such Receipts. If temporary Receipts are issued, the Company and the Depositary will cause definitive Receipts to be prepared without unreasonable delay. After the preparation of definitive Receipts,
the temporary Receipts shall be exchangeable for definitive Receipts upon surrender of the temporary Receipts at the Depositary Office without charge to the holder. Upon surrender for cancellation of any one or more temporary Receipts, the
Depositary is hereby authorized and instructed to, and shall, execute and deliver in exchange therefor definitive Receipts representing the same number of Depositary Shares as represented by the surrendered temporary Receipt or Receipts. Such
exchange shall be made at the Company’s expense and without any charge therefor. Until so exchanged, the temporary Receipts shall in all respects be entitled to the same benefits under this Deposit Agreement, and with respect to the Preferred
Stock deposited, as definitive Receipts. 
 Receipts shall be executed by the Depositary by the manual or facsimile signature of
a duly authorized signatory of the Depositary; provided that if a Registrar for the Receipts (other than the Depositary) shall have been appointed then such Receipts shall also be countersigned by manual or facsimile signature of a duly
authorized signatory of the Registrar. No Receipt shall be entitled to any benefits under this Deposit Agreement or be valid or obligatory for any purpose unless it shall have been executed as provided in the preceding sentence. The Depositary shall
record on its books each Receipt executed as provided above and delivered as hereinafter provided. Receipts bearing the manual or facsimile signature of a duly authorized signatory of the Depositary who was at any time a proper signatory of the
Depositary shall bind the Depositary, notwithstanding that such signatory ceased to hold such office prior to the execution and delivery of such Receipts by the Registrar or did not hold such office on the date of issuance of such Receipts.

 Receipts shall be in denominations of any number of whole Depositary Shares. All Receipts shall be dated the date of their
issuance. 
 Receipts may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not
inconsistent with the provisions of this Deposit Agreement as may be required by the Depositary and approved by the Company, or which the Company has 

  
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determined are required to comply with any applicable law or regulation or with the rules and regulations of any securities exchange upon which the Depositary Shares may be listed for trading or
to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Receipts are subject, in each case as directed by the Company. 

Title to any Receipt (and to the Depositary Shares evidenced by such Receipt) that is properly endorsed, or accompanied by a properly
executed instrument of transfer, or endorsement shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until transfer of a Receipt shall be registered on the books of
the Depositary as provided in Section 2.04, the Depositary may, notwithstanding any notice to the contrary, treat the record holder thereof at such time as the absolute owner thereof for the purpose of determining the person entitled to
distributions of dividends or other distributions or payments with respect to the Preferred Stock, to exercise any redemption or voting rights or to receive any notice provided for in this Deposit Agreement and for all other purposes. 

Notwithstanding the foregoing, upon request by the Company, the Depositary and the Company will make application to DTC for acceptance of
all or a portion of the Receipts for its book-entry settlement system. In connection with any such request, the Company hereby appoints the Depositary acting through any authorized officer thereof as its attorney-in-fact, with full power to
delegate, for purposes of executing any agreements, certifications or other instruments or documents necessary or desirable in order to effect the acceptance of such Receipts for DTC eligibility. So long as the Receipts are eligible for book-entry
settlement with DTC, unless otherwise required by law, all Depositary Shares to be traded with book-entry settlement through DTC shall be represented by one or more receipts (the “DTC Receipts”), which shall be deposited with DTC
(or its custodian) evidencing all such Depositary Shares and registered in the name of the nominee of DTC (initially expected to be Cede & Co.). The Depositary or such other entity as is agreed to by DTC may hold the DTC Receipts as
custodian for DTC. Ownership of beneficial interests in the DTC Receipts shall be shown on, and the transfer of such ownership shall be effected through, records maintained by (i) DTC or its nominee for such DTC Receipts, or
(ii) institutions that have accounts with DTC. 
 If issued, the DTC Receipts shall be exchangeable for definitive Receipts
only if (i) DTC notifies the Company at any time that it is unwilling or unable to continue to make its book-entry settlement system available for the Receipts and a successor to DTC is not appointed by the Company within 90 days of the date
the Company is so informed in writing, (ii) DTC notifies the Company at any time that it has ceased to be a clearing agency registered under applicable law and a successor to DTC is not appointed by the Company within 90 days of the date the
Company is so informed in writing or (iii) the Company executes and delivers to DTC a notice to the effect that such DTC Receipts shall be so exchangeable. If the beneficial owners of interests in Depositary Shares are entitled to exchange such
interests for definitive Receipts as the result of an event described in clause (i), (ii) or (iii) of the preceding sentence, then without unnecessary delay but in any event not later than the earliest date on which such beneficial
interests may be so exchanged, the Depositary, upon receipt of written instructions from the Company, shall provide written instructions to DTC to deliver to the Depositary for cancellation the DTC Receipts, and the Company shall instruct the
Depositary in writing to execute and deliver to the beneficial owners of the Depositary Shares previously evidenced by the DTC 

  
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Receipts definitive Receipts in physical form evidencing such Depositary Shares. The DTC Receipts shall be in such form and shall bear such legend or legends as may be appropriate or required by
DTC in order for it to accept the Depositary Shares for its book-entry settlement system. Notwithstanding any other provision herein to the contrary, if the Receipts are at any time eligible for book-entry settlement through DTC, delivery of shares
of Preferred Stock and other property in connection with the withdrawal or redemption of Depositary Shares will be made through DTC and in accordance with its procedures, unless the holder of the relevant Receipt otherwise requests and such request
is reasonably acceptable to the Depositary and the Company. 
 SECTION 2.02. Deposit of Preferred Stock; Execution and
Delivery of Receipts in Respect Thereof. Prior to or in connection with the consummation of the Exchange Offer (the “Delivery Date”), the Company will deliver to the Depositary a certificate or certificates, registered in the
name of the Depositary and evidencing the number of shares of Preferred Stock to be issued by the Company in connection with the Exchange Offer (the “Issued Preferred Stock”), properly endorsed or accompanied by a duly executed
instrument of transfer or endorsement including a guarantee of the signature thereon by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Transfer Agent (a “Signature Guarantee”) and
satisfactory to the Depositary, together with (i) all such certifications as may be required by the Depositary in accordance with the provisions of this Deposit Agreement, including, without limitation, a copy of the resolutions of the Board of
Directors or a duly authorized committee thereof, as certified by the Secretary or any Assistant Secretary of the Corporation on the date thereof as being complete, accurate and in effect, relating to the issuance of the Preferred Stock,
(ii) letters from the counsels to the Company authorizing reliance by the Depositary on such counsels’ validity opinions attached as exhibits to the Registration Statement, (iii) a certificate of good standing of the Company,
(iv) written notice of the effectiveness of the Registration Statement, and (v) a written order of the Company directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a
Receipt or Receipts for the Depositary Shares representing such deposited Preferred Stock registered in such names specified in such written order. The Depositary shall acknowledge, on the Delivery Date, receipt of the Issued Preferred Stock related
documentation and agrees to hold such deposited Preferred Stock in an account to be established by the Depositary at the Depositary Office or at such other office as the Depositary shall determine. The Company hereby appoints Mellon Investor
Services LLC as the Registrar and Transfer Agent for the Preferred Stock to be deposited and Mellon Investor Services LLC hereby accepts such appointment on the express (but not implied) terms and conditions set forth in this Deposit Agreement, and,
as such, the Company shall cause the Registrar and Transfer Agent to reflect changes in the number of shares (including any fractional shares) of deposited Preferred Stock held by the Depositary by notation, book-entry or other appropriate method.

 Upon receipt by the Depositary of a certificate or certificates for Preferred Stock deposited hereunder, together with the
other documents specified above, and upon the Registrar registering such Preferred Stock in the name of the Depositary, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver to, or upon the order
of, the person or persons named in the written order delivered to the Depositary referred to in the first paragraph of this Section 2.02, a Receipt or Receipts for the number of whole Depositary

  
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Shares representing the Preferred Stock so deposited and registered in such name or names as may be requested by such person or persons. The Depositary shall execute and deliver such Receipt or
Receipts at the Depositary Office, except that, at the request, risk and expense of any person requesting such delivery, such delivery may be made at such other place as may be designated by such person. Other than in the case of splits,
combinations or other reclassifications affecting the Preferred Stock, or in the case of dividends or other distributions of Preferred Stock, if any, there shall be deposited hereunder not more than the number of shares constituting the Preferred
Stock as set forth in the Articles Supplementary, as such may be amended. To the extent that the Company issues shares of Preferred Stock in excess of the amount set forth in the Articles Supplementary as of the date hereof (which shares have been
validly authorized by the Company), the Company shall notify the Depositary of such issuance in writing. 
 SECTION 2.03.
Optional Redemption of Preferred Stock for Cash. Whenever the Company shall elect to redeem shares of deposited Preferred Stock for cash in accordance with the provisions of the Articles Supplementary, it shall (unless otherwise agreed in
writing with the Depositary) give the Depositary not less than 40 nor more than 70 days’ prior written notice of the date fixed for redemption of such Preferred Stock (the “redemption date”) and of the number of such shares of
Preferred Stock held by the Depositary to be redeemed and the applicable redemption price (the “redemption price”), as set forth in the Articles Supplementary. The Depositary shall mail, first-class postage prepaid, notice of the
redemption of Preferred Stock and the proposed simultaneous redemption of the Depositary Shares representing the Preferred Stock to be redeemed, not less than 30 and not more than 60 days prior to the redemption date, to the holders of record on the
record date fixed for such redemption pursuant to Section 4.04 of the Receipts evidencing the Depositary Shares to be so redeemed, at the addresses of such holders as the same appear on the records of the Depositary; but neither the failure to
mail any such notice to one or more such holder nor any defect in any such notice shall affect the sufficiency of the proceedings for redemption except as to the holder to whom notice was defective or not given. 

The Company shall prepare and provide the Depositary with such notice, and each such notice shall state: (i) the redemption date;
(ii) the redemption price (including any declared and unpaid dividends and, in the case of a Regulatory Capital Treatment Event, any additional dividend payments contemplated by the Articles Supplementary); (iii) the number of shares of
deposited Preferred Stock and Depositary Shares to be redeemed; (iv) if fewer than all Depositary Shares held by any holder are to be redeemed, the number of such Depositary Shares held by such holder to be so redeemed; (v) the place or
places where the Preferred Stock and the Receipts evidencing Depositary Shares to be redeemed are to be surrendered for payment of the redemption price; and (vi) that on the redemption date dividends in respect of the Preferred Stock
represented by the Depositary Shares to be redeemed will cease to accrue. 
 In the event that notice of redemption has been
made as described in the immediately preceding paragraphs and the Company shall then have paid in full to the Depositary the redemption price (determined pursuant to the Articles Supplementary) of the Preferred Stock deposited with the Depositary to
be redeemed, the Depositary shall redeem the number of Depositary Shares representing such Preferred Stock so called for redemption by the 

  
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Company and on the redemption date (unless the Company shall have failed to pay for the shares of Preferred Stock to be redeemed by it as set forth in the Company’s notice provided for in
the preceding paragraph), all dividends in respect of the shares of Preferred Stock called for redemption shall cease to accrue, the Depositary Shares called for redemption shall be deemed no longer to be outstanding and all rights of the holders of
Receipts evidencing such Depositary Shares (except the right to receive the redemption price (including any declared and unpaid dividends and, in the case of a Regulatory Capital Treatment Event, any additional dividend payments contemplated by the
Articles Supplementary)) shall, to the extent of such Depositary Shares, cease and terminate. Upon surrender in accordance with said notice of the Receipts evidencing such Depositary Shares (properly endorsed or assigned for transfer, if the
Depositary shall so require), such Depositary Shares shall be redeemed by the Depositary at a redemption price per Depositary Share equal to 1/40th of the redemption price per share paid in respect of the shares of Preferred Stock, plus declared and unpaid dividends
thereon to the date fixed for redemption and, in the case of a Regulatory Capital Treatment Event, any additional dividend payments contemplated by the Articles Supplementary. 
 If less than all of the Depositary Shares evidenced by a Receipt are called for redemption, the Depositary will deliver to the holder of such Receipt upon its surrender to the Depositary, together with
payment of the redemption price for and all other amounts payable in respect of the Depositary Shares called for redemption, a new Receipt evidencing the Depositary Shares evidenced by such prior Receipt and not called for redemption;
provided, however, that such replacement Receipt shall be issued only in denominations of whole Depositary Shares and cash will be payable in respect of fractional interests. 

If less than all of the Preferred Stock is redeemed pursuant to the Company’s exercise of its optional redemption right, the
Depositary will select the Depositary Shares to be redeemed pursuant to this Section 2.03 on a pro rata basis, by lot or in such other manner as the Depositary may determine to be fair and equitable. 

SECTION 2.04. Registration of Transfers of Receipts. The Company hereby appoints Mellon Investor Services LLC as the Registrar and
Transfer Agent for the Receipts and Mellon Investor Services LLC hereby accepts such appointment on the express (but not implied) terms and conditions set forth in this Deposit Agreement and, as such, shall register on its books from time to time
transfers of Receipts upon any surrender thereof by the holder in person or by a duly authorized attorney, agent or representative properly endorsed or accompanied by a properly executed instrument of transfer or endorsement, including a Signature
Guarantee, together with evidence of the payment by the applicable party of any transfer taxes as may be required by law. Upon such surrender, the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the
person entitled thereto evidencing the same aggregate number of Depositary Shares evidenced by the Receipt or Receipts surrendered. 
 SECTION 2.05. Combinations and Split-ups of Receipts. Upon surrender of a Receipt or Receipts at the Depositary Office or such other office as the Depositary may designate for the purpose of
effecting a split-up or combination of Receipts, subject to the 

  
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terms and conditions of this Deposit Agreement, the Depositary shall execute and deliver a new Receipt or Receipts in the authorized denominations requested evidencing the same aggregate number
of Depositary Shares evidenced by the Receipt or Receipts surrendered. 
 SECTION 2.06. Surrender of Receipts and Withdrawal
of Preferred Stock. Any holder of a Receipt or Receipts may withdraw any number of whole shares of deposited Preferred Stock represented by the Depositary Shares evidenced by such Receipt or Receipts and all money and other property, if any,
represented by such Depositary Shares by surrendering such Receipt or Receipts to the Depositary or at such other office as the Depositary may designate for such withdrawals; provided, that a holder of a Receipt or Receipts may not withdraw
such Preferred Stock (or money and other property, if any, represented thereby) which has previously been called for redemption. If such holder’s Depositary Shares are being held by DTC or its nominee, such holder shall request, withdrawal from
the book-entry system of the number of Depositary Shares specified in the preceding sentence. Upon such surrender, upon payment of the fee of the Depositary for the surrender of Receipts to the extent provided in Section 5.06 and payment of all
taxes and governmental charges in connection with such surrender and withdrawal of Preferred Stock, and subject to the terms and conditions of this Deposit Agreement, without unreasonable delay, the Depositary shall deliver (with notice to the
Registrar and the Transfer Agent) to such holder, or to the person or persons designated by such holder as hereinafter provided, the number of whole shares of such Preferred Stock and all such money and other property, if any, represented by the
Depositary Shares evidenced by the Receipt or Receipts so surrendered for withdrawal, but holders of such whole shares of Preferred Stock will not thereafter be entitled to deposit such Preferred Stock hereunder or to receive Depositary Shares
therefor. If the Receipt or Receipts delivered by the holder to the Depositary in connection with such withdrawal shall evidence a number of Depositary Shares in excess of the number of Depositary Shares representing the number of whole shares of
deposited Preferred Stock to be withdrawn, the Depositary shall at the same time, in addition to such number of whole shares of Preferred Stock and such money and other property, if any, to be withdrawn, deliver to such holder, or (subject to
Section 2.04) upon his order, a new Receipt or Receipts evidencing such excess number of Depositary Shares. Delivery of such Preferred Stock and such money and other property being withdrawn may be made by the delivery of such certificates,
documents of title and other instruments as the Depositary may deem appropriate, which, if required by the Depositary, shall be properly endorsed or accompanied by proper instruments of transfer, including, but not limited to, a Signature Guarantee.

 If the deposited Preferred Stock and the money and other property being withdrawn are to be delivered to a person or persons
other than the record holder of the Receipt or Receipts being surrendered for withdrawal of Preferred Stock, such holder shall execute and deliver to the Depositary a written order so directing the Depositary and the Depositary may require that the
Receipt or Receipts surrendered by such holder for withdrawal of such shares of Preferred Stock be properly endorsed in blank or accompanied by a properly executed instrument of transfer or endorsement in blank. 

The Depositary shall deliver the deposited Preferred Stock and the money and other property, if any, represented by the Depositary Shares
evidenced by Receipts surrendered for withdrawal at the Depositary Office, except that, at the request, risk and expense of the 

  
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holder surrendering such Receipt or Receipts and for the account of the holder thereof, such delivery may be made at such other place as may be designated by such holder. 

SECTION 2.07. Limitations on Execution and Delivery, Transfer, Split-up, Combination, Surrender and Exchange of Receipts. As a
condition precedent to the execution and delivery, transfer, split-up, combination, surrender or exchange of any Receipt, the Depositary, any of the Depositary’s Agents or the Company may require any or all of the following: (i) payment to
it of a sum sufficient for the payment (or, in the event that the Company shall have made such payment, the reimbursement to it) of any tax or other governmental charge and stock transfer or registration fee with respect thereto (including any such
tax or charge with respect to the Preferred Stock being deposited or withdrawn or any charges or expenses owed by the holder(s) of such Receipt pursuant to Sections 3.02 or 5.06); (ii) the production of evidence satisfactory to it as to the
identity and genuineness of any signature (or the authority of any signature), including a Signature Guarantee; and (iii) compliance with such regulations, if any, as the Depositary or the Company may establish consistent with the provisions of
this Deposit Agreement as may be required by any securities exchange on which the deposited Preferred Stock, the Depositary Shares or the Receipts may be included for quotation or listed or any applicable self-regulatory body. 

The deposit of Preferred Stock may be refused, the delivery of Receipts against Preferred Stock may be suspended, the transfer of
Receipts may be refused, and the transfer, split-up, combination, surrender, exchange or redemption of outstanding Receipts may be suspended (i) during any period when the register of stockholders of the Company is closed or (ii) if any
such action is deemed reasonably necessary or advisable by the Depositary, any of the Depositary’s Agents or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or commission,
or under any other provision of this Deposit Agreement. 
 SECTION 2.08. Lost Receipts, etc. In case any Receipt shall be
mutilated and surrendered to the Depositary or destroyed or lost or stolen, the Depositary shall execute and deliver a Receipt of like form and tenor in exchange and substitution for such mutilated Receipt or in lieu of and in substitution for such
destroyed, lost or stolen Receipt; provided that the holder thereof shall have (a) filed with the Depositary a request for such execution and delivery before the Depositary has notice that the Receipt has been acquired by a protected
purchaser and (b) provided the Depositary with an open penalty surety bond reasonably satisfactory to the Depositary and furnished the Depositary with indemnification reasonably satisfactory to the Depositary for any amounts over the amount of
such surety bond, (c) paid any reasonable expense (including reasonable fees, charges and expenses of the Depositary) in connection with such execution and delivery, and (d) satisfied any other reasonable requirements imposed by the
Depositary. 
 SECTION 2.09. Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the
Depositary or any Depositary’s Agent shall be cancelled 

  
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by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, to destroy such Receipts so cancelled. 

SECTION 2.10. No Pre-Release. The Depositary shall not deliver any deposited Preferred Stock evidenced by Receipts prior to the
receipt and cancellation of such Receipts or other similar method used with respect to Receipts held by DTC. The Depositary shall not issue any Receipts prior to the receipt by the Depositary of the corresponding Preferred Stock evidenced by such
Receipts. At no time will any Receipts be outstanding if such Receipts do not represent Preferred Stock deposited with the Depositary. 
 ARTICLE III 
 Certain Obligations of Holders of Receipts and the
Company 
 SECTION 3.01. Filing Proofs, Certificates and Other Information. Any person presenting Preferred Stock for
deposit or any holder of a Receipt may be required from time to time to file with the Depositary such proof of residence, guarantee of signature or other information and to execute such certificates as the Depositary may reasonably deem necessary or
proper or the Company may reasonably require by written request to the Depositary. The Depositary or the Company may withhold or delay the delivery of any Receipt, the transfer, redemption or exchange of any Receipt, the withdrawal of the deposited
Preferred Stock represented by the Depositary Shares evidenced by any Receipt, the distribution of any dividend or other distribution or the sale of any rights or of the proceeds thereof, until such proof or other information is filed, or such
certificates are executed. 
 SECTION 3.02. Payment of Fees and Expenses. Holders of Receipts shall be obligated to make
payments to the Depositary of certain fees and expenses and taxes or other governmental charges to the extent provided in Section 5.06, or provide evidence satisfactory to the Depositary that such fees and expenses and taxes or other
governmental charges have been paid. Until such payment is made, transfer of any Receipt or any withdrawal of the Preferred Stock or money or other property, if any, represented by the Depositary Shares evidenced by such Receipt may be refused, any
dividend or other distribution may be withheld, and any part or all of the Preferred Stock or other property represented by the Depositary Shares evidenced by such Receipt may be sold for the account of the holder thereof (after attempting by
reasonable means to notify such holder a reasonable number of days prior to such sale). Any dividend or other distribution so withheld and the proceeds of any such sale may be applied to any payment of such fees or expenses, the holder of such
Receipt remaining liable for any deficiency. 
 SECTION 3.03. Representations and Warranties as to Preferred Stock. In
the case of the initial deposit of the Preferred Stock hereunder, the Company represents and warrants that such Preferred Stock and each certificate therefor are validly issued, fully paid 

  
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and nonassessable. Such representations and warranties shall survive the deposit of the Preferred Stock and the issuance of Receipts. 

SECTION 3.04. Representation and Warranty as to Receipts and Depositary Shares. The Company hereby represents
and warrants that the Receipts, when issued, will evidence legal and valid interests in the Depositary Shares and each Depositary Share will represent a legal and valid 1/40 th fractional interest in a share of deposited Preferred Stock represented by such Depositary Share. Such representation
and warranty shall survive the deposit of the Preferred Stock and the issuance of Receipts evidencing the Depositary Shares. 

ARTICLE IV 

The Preferred Stock; Notices 
 SECTION 4.01. Cash Distributions. Whenever the Depositary shall receive any cash dividend or other cash distribution on the deposited Preferred Stock, including any cash received upon redemption of
any shares of Preferred Stock pursuant to Section 2.03, the Depositary shall, subject to Sections 3.01 and 3.02, distribute to record holders of Receipts on the record date fixed pursuant to Section 4.04 such amounts of such sum as are, as
nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by such holders; provided, however, that in case the Company or the Depositary shall be required by law to and shall
withhold from any cash dividend or other cash distribution in respect of the Preferred Stock represented by the Receipts held by any holder an amount on account of taxes or as otherwise required by law, regulation or court process, the amount made
available for distribution or distributed in respect of Depositary Shares represented by such Receipts subject to such withholding shall be reduced accordingly. The Depositary, however, shall distribute or make available for distribution, as the
case may be, only such amount as can be distributed without attributing to any holder of Receipts a fraction of one cent. Any such fractional amounts shall be rounded down to the nearest whole cent and so distributed to registered holders entitled
thereto and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and be treated as part of the next succeeding distribution to record holders of such Receipts. Each holder of
a Receipt shall provide the Depositary with a properly completed Form W-8 (i.e., Form W-8BEN, Form W-8EXP, Form W-8IMY, Form W8ECI or another applicable Form W-8) or Form W-9 (which form shall set forth such holder’s certified taxpayer
identification number if requested on such form), as may be applicable. Each holder of a Receipt acknowledges that, in the event of non-compliance with the preceding sentence the Internal Revenue Code of 1986 as amended, may require withholding by
the Depositary of a portion of any of the distribution to be made hereunder. 
 SECTION 4.02. Distributions Other Than
Cash. Whenever the Depositary shall receive any distribution other than cash on the deposited Preferred Stock, the Depositary shall, subject to Sections 3.01 and 3.02, distribute to record holders of Receipts on the record date fixed pursuant to
Section 4.04 such amounts of the securities or property received 

  
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by it as are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by such holders, in any manner that the Depositary and the
Company may deem equitable and practicable for accomplishing such distribution including, without limitation, through book-entry transfer through DTC in the case of DTC Receipts; provided, however, that in case the Company or the Depositary shall be
required to withhold, and shall withhold, from any distribution in respect of the Preferred Stock an amount on account of taxes, the amount of property or securities made available for distribution or distributed in respect of Depositary Shares
shall be reduced accordingly, and such withheld property may be disposed of by the Depositary, without any further consent or direction from the Company, in such manner as the Depositary deems necessary and practicable to pay such taxes and shall be
treated for all purposes of this Deposit Agreement as having been paid to the record holder of Receipts in respect of which the Company or the Depositary, as the case may be, made such withholding. The Depositary shall not make any distribution of
securities to the holders of Receipts unless the Company shall have provided to the Depositary an opinion of counsel stating that such securities have been registered under the Securities Act or do not need to be registered. If in the opinion of the
Depositary such distribution cannot be made proportionately among such record holders, or if for any other reason (including any requirement that the Company or the Depositary withhold an amount on account of taxes or governmental charges) the
Depositary deems, after consultation with the Company, such distribution not to be feasible, the Depositary may, with the approval of the Company, adopt such method as it deems equitable and practicable for the purpose of effecting such
distribution, including the sale (at public or private sale) of the securities or property thus received, or any part thereof, at such place or places and upon such terms as it may deem proper. The net proceeds of any such sale shall be, subject to
Sections 3.01 and 3.02, distributed or made available for distribution, as the case may be, by the Depositary to record holders of Receipts as provided by Section 4.01 in the case of a distribution received in cash. 

SECTION 4.03. Subscription Rights, Preferences or Privileges. If the Company shall at any time offer or cause to be offered to the
persons in whose names deposited Preferred Stock is registered on the books of the Company any rights, preferences or privileges to subscribe for or to purchase any securities or any rights, preferences or privileges of any other nature, such
rights, preferences or privileges shall in each such instance be communicated to the Depositary and made available by the Depositary to the record holders of Receipts in such manner as the Company shall instruct (including by the issue to such
record holders of warrants representing such rights, preferences or privileges); provided, however, that (a) if at the time of issue or offer of any such rights, preferences or privileges the Company determines upon advice of its
legal counsel that it is not lawful or feasible to make such rights, preferences or privileges available to the holders of Receipts (by the issue of warrants or otherwise) or (b) if and to the extent instructed by holders of Receipts who do not
desire to exercise such rights, preferences or privileges, the Depositary shall then, if so directed by the Company, and if applicable laws or the terms of such rights, preferences or privileges so permit, sell such rights, preferences or privileges
of such holders at public or private sale, at such place or places and upon such terms as it may deem proper. The net proceeds of any such sale shall, subject to Sections 3.01 and 3.02, be distributed by the Depositary to the record holders of
Receipts entitled thereto as provided by Section 4.01 in the case of a distribution received in cash. The Depositary shall not make any distribution of such rights, preferences or privileges,

  
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unless the Company shall have provided to the Depositary an opinion of counsel stating that such rights, preferences or privileges have been registered under the Securities Act or do not need to
be registered. 
 If registration under the Securities Act of the securities to which any rights, preferences or privileges
relate is required in order for holders of Receipts to be offered or sold the securities to which such rights, preferences or privileges relate, the Company agrees that it will promptly notify the Depositary of such requirement, that it will
promptly file a registration statement pursuant to the Securities Act with respect to such rights, preferences or privileges and securities and use its commercially reasonable efforts and take all steps available to it to cause such registration
statement to become effective sufficiently in advance of the expiration of such rights, preferences or privileges to enable such holders to exercise such rights, preferences or privileges in compliance with the Securities Act. In no event shall the
Depositary make available to the holders of Receipts any right, preference or privilege to subscribe for or to purchase any securities unless and until such a registration statement shall have become effective or unless the offering and sale of such
securities to such holders are exempt from registration under the provisions of the Securities Act. 
 If any other action under
the law of any jurisdiction or any governmental or administrative authorization, consent or permit is required in order for such rights, preferences or privileges to be made available to holders of Receipts, the Company agrees that it will promptly
notify the Depositary of such requirement and to use its commercially reasonable efforts to take such action or obtain such authorization, consent or permit sufficiently in advance of the expiration of such rights, preferences or privileges to
enable such holders to exercise such rights, preferences or privileges. 
 The Depositary will not be deemed to have any
knowledge of any item for which it is supposed to receive notification under any Section of this Deposit Agreement unless and until it has received such notification. 
 SECTION 4.04. Notice of Dividends; Fixing of Record Date for Holders of Receipts. Whenever any cash dividend or other cash distribution shall become payable, any distribution other than cash shall
be made, or any rights, preferences or privileges shall at any time be offered, with respect to the deposited Preferred Stock, or whenever the Depositary shall receive notice of (i) any meeting at which holders of such Preferred Stock are
entitled to vote or of which holders of such Preferred Stock are entitled to notice or (ii) any election on the part of the Company to redeem any shares of such Preferred Stock, the Depositary shall in each such instance fix a record date
(which shall be the same date as the record date fixed by the Company with respect to the Preferred Stock) for the determination of the holders of Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or
privileges or the net proceeds of the sale thereof, to give instructions for the exercise of voting rights at any such meeting or to receive notice of such meeting or whose Depositary Shares are to be so redeemed. 

SECTION 4.05. Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock

  
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are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts, determined on the record date as set forth in Section 4.04, a notice,
which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant
to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and
(iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of
Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited
Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with
the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/40th of a vote. The Company hereby agrees to take all reasonable action that may be deemed necessary by the Depositary in
order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of
authorization from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to the Preferred Stock unless directed to the contrary by the record holders of all the
related Receipts) to the extent of the shares of Preferred Stock (or portion thereof) represented by the applicable Depositary Shares evidenced by such Receipt. 
 SECTION 4.06. Changes Affecting Preferred Stock and Reorganization Events. Upon any change in liquidation preference, par or stated value, split-up, combination or any other reclassification of the
Preferred Stock, any Reorganization Event or any exchange of the Preferred Stock for cash, securities or other property, the Depositary shall, upon the written instructions of the Company setting forth any of the following adjustments,
(i) reflect such adjustments as are certified by the Company in the Depositary’s books and records in (a) the fraction of an interest represented by one Depositary Share in one share of Preferred Stock and (b) the ratio of the
redemption price per Depositary Share to the redemption price of a share of Preferred Stock, as may be required by or as is consistent with the provisions of the Articles Supplementary to fully reflect the effects of such change in liquidation
preference, par or stated value, split-up, combination or other reclassification of Preferred Stock, of such Reorganization Event or of such exchange and (ii) treat any shares of stock or other securities or property (including cash) that shall
be received by the Depositary in exchange for or in respect of the Preferred Stock as new deposited property under this Deposit Agreement, and Receipts then outstanding shall thenceforth represent the proportionate interests of holders thereof in
the new deposited property so received in exchange for or in respect of such Preferred Stock. In any such case the Depositary may, upon the receipt of written request of the Company, execute and deliver additional Receipts, or may call for the
surrender of all outstanding Receipts to be exchanged for new Receipts specifically describing such new deposited property. Anything to the contrary herein notwithstanding, holders of Receipts shall have the right from and after the

  
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effective date of any such change in liquidation preference, par or stated value, split-up, combination or other reclassification of the Preferred Stock or any such recapitalization,
reorganization, merger, amalgamation or consolidation to surrender such Receipts to the Depositary with instructions to convert, exchange or surrender the Preferred Stock represented thereby only into or for, as the case may be, the kind and amount
of shares of stock and other securities and property and cash into which the Preferred Stock represented by such Receipts might have been converted or for which such Preferred Stock might have been exchanged or surrendered immediately prior to the
effective date of such transaction. 
 SECTION 4.07. Inspection of Reports; Delivery of Reports. The Depositary shall
make available for inspection by record holders of Receipts at the Depositary Office and at such other places as it may from time to time deem advisable during normal business hours any reports and communications received from the Company that are
both received by the Depositary as the holder of deposited Preferred Stock and made generally available to the holders of the Preferred Stock. In addition, the Depositary shall transmit, upon written request by the Company, certain notices and
reports to the holders of Receipts which is received by the Depositary and which the Company is required to furnish to holders of the Preferred Stock. 
 SECTION 4.08. Lists of Receipt Holders. Promptly upon request from time to time by the Company, the Registrar shall furnish to the Company a list, as of a recent date specified by the Company, of
the names, addresses and holdings of Depositary Shares of all persons in whose names Receipts are registered on the books of the Registrar. 
 ARTICLE V 
 The Depositary and the Company 

SECTION 5.01. Maintenance of Offices, Agencies and Transfer Books by the Depositary and the Registrar. Upon execution of this
Deposit Agreement, the Depositary shall maintain at the Depositary Office facilities for the execution and delivery, registration, transfer, surrender and exchange, split-up, combination and redemption of Receipts and deposit and withdrawal of
Preferred Stock and at the offices of the Depositary’s Agents, if any, facilities for the delivery, transfer, surrender and exchange, split-up, combination and redemption of Receipts and deposit and withdrawal of Preferred Stock, all in
accordance with the provisions of this Deposit Agreement. 
 The Registrar shall keep books at the Depositary Office for the
registration and transfer of Receipts. Upon direction by the Company and with reasonable notice to the Registrar, the Registrar shall open its books for inspection by the record holders of Receipts as directed by the Company; provided that any
record holder shall be granted such right by the Company only after certifying that such inspection shall be for a proper purpose reasonably related to such person’s interest as an owner of Depositary Shares evidenced by the Receipts.

  
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The Company may cause the Registrar to close such books, at any time or from time to time, when deemed expedient by it in connection with the performance of its duties hereunder. 

If the Receipts or the Depositary Shares evidenced thereby or the Preferred Stock represented by such Depositary Shares shall be listed
on the NASDAQ stock exchange or any other stock exchange, the Depositary may, with the written approval of the Company, appoint a registrar (acceptable to the Company) for registration of such Receipts or Depositary Shares in accordance with the
requirements of such exchange. Such registrar (which may be the Registrar if so permitted by the requirements of such exchange) may be removed and a substitute registrar appointed by the Registrar upon the request or with the written approval of the
Company. If the Receipts, such Depositary Shares or such Preferred Stock are listed on one or more other stock exchanges, the Registrar will, at the request and expense of the Company, arrange such facilities for the delivery, transfer, surrender,
redemption and exchange of such Receipts, such Depositary Shares or such Preferred Stock as may be required by law or applicable stock exchange regulations. 
 SECTION 5.02. Prevention or Delay in Performance by the Depositary, the Depositary’s Agents, the Registrar, the Transfer Agent or the Company. None of the Depositary, any Depositary’s
Agent, any Registrar, or any Transfer Agent, or the Company shall incur any liability to any holder of any Receipt, if (i) by reason of any provision of any present or future law or regulation thereunder of the United States of America or of
any other governmental authority or, (ii) in the case of the Depositary, the Depositary’s Agent or the Registrar or Transfer Agent, by reason of any provision, present or future, of the Charter or, (iii) by reason of any act of God or
war or other circumstance beyond the control of the relevant party, the Depositary, any Depositary’s Agent, the Transfer Agent, the Registrar or the Company shall be prevented or forbidden from doing or performing any act or thing that the
terms of this Deposit Agreement provide shall be done or performed; nor shall the Depositary, any Depositary’s Agent, the Transfer Agent, any Registrar or the Company incur any liability to any holder of a Receipt by reason of any
nonperformance or delay, caused as aforesaid, in the performance of any act or thing that the terms of this Deposit Agreement provide shall or may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided
for in this Deposit Agreement. 
 SECTION 5.03. Obligations of the Depositary, the Depositary’s Agents, the Registrar,
the Transfer Agent and the Company. The Company does not assume any obligation or shall be subject to any liability under this Deposit Agreement or any Receipt to holders of Receipts other than from acts or omissions arising out of conduct
constituting gross negligence or willful misconduct in the performance of such duties as are specifically set forth in this Deposit Agreement. Neither the Depositary nor any Depositary’s Agent nor any Transfer Agent or Registrar assumes any
obligation or shall be subject to any liability under this Deposit Agreement to holders of Receipts, the Company or any other person or entity other than for its gross negligence or willful misconduct (which gross negligence or willful misconduct
must be determined by a final, non-appealable judgment of a court of competent jurisdiction). Notwithstanding anything to the contrary contained herein, neither the 

  
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Depositary, nor any Depositary’s Agent nor any Transfer Agent or Registrar shall be liable for any special, indirect, incidental, consequential, punitive or exemplary damages, including but
not limited to, lost profits, even if such person or entity alleged to be liable has knowledge of the possibility of such damages. Any liability of the Depositary, and any Registrar or the Transfer Agent under this Deposit Agreement will be limited
to the amount of annual fees paid by the Company to the Depositary or any such Registrar or Transfer Agent, respectively. 

None of the Depositary, any Depositary’s Agent, any Registrar or Transfer Agent or the Company shall be under any obligation to
appear in, prosecute or defend any action, suit or other proceeding with respect to the deposited Preferred Stock, Depositary Shares or Receipts that in its opinion may involve it in expense or liability, unless indemnity satisfactory to it against
all expense and liability be furnished as often as may be required. 
 None of the Depositary, any Depositary’s Agent, any
Registrar or Transfer Agent or the Company shall be liable for any action or any failure to act by it in reliance upon the advice of legal counsel or accountants, or information provided by any person presenting Preferred Stock for deposit or any
holder of a Receipt or a bona fide representative of such holder. The Depositary, any Depositary’s Agent, any Registrar or Transfer Agent and the Company may each rely and shall each be protected in acting, or omitting to act, upon any written
notice, request, direction or other document believed by it to be genuine and to have been signed or presented by the proper party or parties. 
 In the event the Depositary shall receive conflicting claims, requests or instructions from any holders of Receipts, on the one hand, and the Company, on the other hand, the Depositary shall be entitled
to act on such claims, requests or instructions received from the Company, and shall incur no liability and shall be entitled to the full indemnification set forth in Section 5.05 in connection with any action so taken. 

The Depositary shall not be responsible for any failure to carry out any instruction to vote any of the deposited Preferred Stock or for
the manner or effect of any such vote made, as long as any such action or non-action does not result from bad faith, gross negligence or willful misconduct of the Depositary (which bad faith, gross negligence or willful misconduct must be determined
by a final, non-appealable judgment of a court of competent jurisdiction). The Depositary undertakes, and any Registrar or Transfer Agent shall be required to undertake, to perform such duties and only such duties as are specifically set forth in
this Deposit Agreement, and no implied covenants or obligations shall be read into this Agreement against the Depositary or any Registrar or Transfer Agent. 
 The Depositary, its parent, affiliate, or subsidiaries, any Depositary’s Agent, and any Registrar or Transfer Agent may own, buy, sell or deal in any class of securities of the Company and its
affiliates and in Receipts or Depositary Shares or become pecuniarily interested in any transaction in which the Company or its affiliates may be interested or contract with or lend money to or otherwise act as fully or as freely as if it were not
the Depositary, the parent, affiliate or subsidiary of the Depositary or the Depositary’s Agent hereunder. The Depositary may also act as trustee, transfer agent or registrar of any of the securities of the Company and its affiliates or act in
any other capacity for the Company or its affiliates. 

  
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 It is intended that neither the Depositary, any Depositary’s Agent nor the Registrar,
acting as a Depositary’s Agent or Registrar, as the case may be, shall be deemed to be an “issuer” of the securities under the federal securities laws or applicable state securities laws, it being expressly understood and agreed that
the Depositary and any Depositary’s Agent and the Registrar are acting only in a ministerial capacity as Depositary or Registrar for the deposited Preferred Stock; provided, however, that the Depositary agrees to comply with all
tax information reporting and withholding requirements applicable to it under law or this Deposit Agreement in its capacity as Depositary. 
 Neither the Depositary (or its officers, directors, employees, agents or affiliates) nor any Depositary’s Agent makes any representation or has any responsibility as to (i) the validity of
(A) the registration statement pursuant to which the Depositary Shares are registered under the Securities Act, (B) the deposited Preferred Stock, (C) the Depositary Shares, (D) the Receipts (except its countersignature thereon)
or (E) any instruments referred to within any of the foregoing, or as to the correctness of any statement made within any of the foregoing, (ii) the intrinsic value of the Depositary Shares (not the value reflected on the face of the
deposited Preferred Stock, the Depositary Shares or the value reflected on the books and records of the Depositary, the Registrar or the Transfer Agent) or (iii) any legal analysis as to any right, title or interest of the record holders of
Receipts in and to the Depositary Shares (not the list of holders reflected on the books and records of the Depositary, the Registrar or the Transfer Agent); provided, however, that the Depositary is responsible for its representations
in this Deposit Agreement. The Depositary shall not be accountable for the use or application by the Corporation of the Depositary Shares or the Receipts or the proceeds thereof. 

The Company represents that it has registered the deposited Preferred Stock and the Depositary Shares issued in the Exchange Offer in
accordance with the applicable federal securities laws. 
 In the event the Depositary, the Depositary’s Agent or any
Registrar or Transfer Agent believes any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request or other communication, paper or document received by it pursuant to this Deposit Agreement, the Depositary, the
Depositary’s Agent, Transfer Agent or Registrar shall promptly notify the Company of the details of such alleged ambiguity or uncertainty, and may, in its sole discretion, refrain from taking any action, and the Depositary, the
Depositary’s Agent, Transfer Agent or Registrar shall be fully protected and shall incur no liability to the Company, any record holders of Receipts or any other person or entity from refraining from taking such action, absent bad faith, gross
negligence or willful misconduct (which bad faith, gross negligence or willful misconduct must be determined by a final, non-appealable judgment of a court of competent jurisdiction), unless and until (i) the rights of all parties have been
fully and finally adjudicated by a court of appropriate jurisdiction with written notice to the Depositary, the Depositary’s Agent, Transfer Agent and Registrar or (ii) the Depositary, the Depositary’s Agent, Transfer Agent or
Registrar receives written instructions with respect to such matter signed by the Company that eliminates such ambiguity or uncertainty to the satisfaction of the Depositary, the Depositary’s Agent, Transfer Agent or Registrar. Such written
instructions shall be full and complete authorization to the Depositary, the Depositary’s Agent, Transfer Agent or 

  
 -19-

 
Registrar, and the Depositary, the Depositary’s Agent, Transfer Agent and Registrar shall incur no liability for or in respect of any action taken, suffered or omitted by it under the
provisions of this Deposit Agreement in reliance upon such written instructions. 
 Whenever in the performance of its duties
under this Deposit Agreement, the Depositary, the Depositary’s Agent, Transfer Agent or Registrar shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking, suffering or omitting to
take any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively provided and established by a certificate signed by any one of the President, any Managing
Director, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary or Assistant Secretary of the Company and delivered to the Depositary, the Depositary’s Agent, Transfer Agent or Registrar; and such certificate shall be full
and complete authorization and protection to the Depositary, the Depositary’s Agent, Transfer Agent or Registrar and the Depositary, the Depositary’s Agent, Transfer Agent or Depositary Shares Registrar shall incur no liability for or in
respect of any action taken, suffered or omitted by it under the provisions of this Deposit Agreement in reliance upon such certificate. The Depositary, the Depositary’s Agent, Transfer Agent or Registrar shall not be liable for or by reason of
any of the statements of fact or recitals contained in this Deposit Agreement or in the Receipts (except its countersignature thereof) or be required to verify the same, but all such statements and recitals are and shall be deemed to have been made
by the Company only. 
 The Depositary, the Depositary’s Agent, Transfer Agent or Registrar will not be under any duty or
responsibility to ensure compliance with any applicable federal or state securities laws in connection with the issuance, transfer or exchange of the Receipts, Stock or Depositary Shares. 

Notwithstanding anything herein to the contrary, no amendment to the Articles Supplementary shall affect the rights, duties, obligations
or immunities of the Depositary, Transfer Agent, the Depositary’s Agent or Registrar hereunder. 
 The Depositary, Transfer
Agent and any Registrar hereunder: 
 (i) shall have no duties or obligations other than those specifically set
forth herein (and no implied duties or obligations), or as may subsequently be agreed to in writing by the parties; 
 (ii) shall have no obligation to make payment hereunder unless the Company shall have provided the necessary federal or other immediately available funds or securities or property, as the case may be, to
pay in full amounts due and payable with respect thereto; 
 (iii) shall not be obligated to take any legal or
other action hereunder; if, however, the Depositary determines to take any legal or other action hereunder, and, where the taking of such action might in the Depositary’s judgment subject or expose it to any expense or liability, the Depositary
shall not be required to act unless it shall have been furnished with an indemnity satisfactory to it; 

  
 -20-

 (iv) may rely on and shall be authorized and protected in acting or failing
to act upon any certificate, instrument, opinion, notice, letter, facsimile transmission or other document or security delivered to the Depositary and believed by the Depositary to be genuine and to have been signed by the proper party or parties,
and shall have no responsibility for determining the accuracy thereof; 
 (v) may rely on and shall be authorized
and protected in acting or failing to act upon the written, telephonic, electronic and oral instructions, with respect to any matter relating to the Depositary’s actions as depositary covered by this Deposit Agreement (or supplementing or
qualifying any such actions) of officers of the Company; 
 (vi) may consult counsel satisfactory to it, and the
advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by the Depositary hereunder in accordance with the advice of such counsel; 

(vii) shall not be called upon at any time to advise any person with respect to the Depositary Shares or Receipts;

 (viii) shall not be liable or responsible for any recital or statement contained in any documents relating
hereto or the Depositary Shares or Receipts; and 
 (ix) shall not be liable in any respect on account of the
identity, authority or rights of the parties (other than with respect to the Depositary) executing or delivering or purporting to execute or deliver this Deposit Agreement or any documents or papers deposited or called for under this Deposit
Agreement. 
 The obligations of the Company set forth in this Section 5.03 shall survive the replacement, removal or resignation of any
Depositary, Registrar, Transfer Agent or Depositary’s Agent or termination of this Deposit Agreement. 
 SECTION 5.04.
Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary hereunder by notice of its election to do so delivered to the Company, such resignation to take effect upon
the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. 
 The Depositary may
at any time be removed by the Company by notice of such removal delivered to the Depositary, such removal to take effect upon the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. 

In case at any time the Depositary acting hereunder shall resign or be removed, the Company shall, within 60 days after the delivery of
the notice of resignation or removal, as the case may be, appoint a successor depositary, which shall be an entity having its principal office in the United States of America and having a combined capital and surplus of at least $50,000,000. If a
successor depositary shall not have been appointed and have accepted appointment in 60 days, the resigning Depositary may petition a court of competent jurisdiction to appoint a successor depositary. Every successor depositary shall execute and
deliver to its 

  
 -21-

 
predecessor and to the Company an instrument in writing accepting its appointment hereunder, and thereupon such successor depositary, without any further act or deed, shall become fully vested
with all the rights, powers, duties and obligations of its predecessor and for all purposes shall be the Depositary under this Deposit Agreement, and such predecessor, upon payment of all sums due it and on the written request of the Company, shall
promptly execute and deliver an instrument transferring to such successor all rights and powers of such predecessor hereunder, shall duly assign, transfer and deliver all rights, title and interest in the deposited Preferred Stock and any moneys or
property held hereunder to such successor and shall deliver to such successor a list of the record holders of all outstanding Receipts. Any successor Depositary shall promptly mail notice of its appointment to the record holders of Receipts.

 Any corporation or other entity into or with which the Depositary may be merged, consolidated or converted, or any
corporation or other entity to which all or a substantial part of the assets of the Depositary may be transferred or which succeeds to the shareholder services business of the Depositary, shall be the successor of such Depositary without the
execution or filing of any document or any further act. Such successor depositary may execute the Receipts either in the name of the predecessor depositary or in the name of the successor depositary. 

The provisions of this Section 5.04 as they apply to the Depositary apply to the Registrar and Transfer Agent, as if specifically
enumerated herein. 
 SECTION 5.05. Indemnification by the Company. The Company shall indemnify the Depositary, any
Depositary’s Agent and any Transfer Agent or Registrar (including each of their officers, directors, agents and employees) against, and hold each of them harmless from, any loss, liability, damage, penalty, cost or expense (including the costs
and expenses of defending itself) which may arise out of (i) acts performed, suffered or omitted to be taken in connection with this Deposit Agreement (including, without limitation, the enforcement of this Deposit Agreement) and the Receipts
(a) by the Depositary, any Transfer Agent or Registrar or any of their respective agents (including any Depositary’s Agent), except for any liability arising out of gross negligence or willful misconduct (as determined by a final,
non-appealable judgment of a court of competent jurisdiction) on the respective parts of any such person or persons, or (b) by the Company or any of its agents, or (ii) the offer, sale or registration of the Receipts or shares of Stock
pursuant to the provisions hereof. The obligations of the Company set forth in this Section 5.05 shall survive the replacement, removal or resignation of any Depositary, Registrar, Transfer Agent or Depositary’s Agent or termination of
this Deposit Agreement. In no event shall the Depositary have any right of set off or counterclaim against the Depositary Shares or the Preferred Stock. 
 SECTION 5.06. Fees, Charges and Expenses. The Company agrees promptly to pay the Depositary the compensation to be agreed upon with the Company for all services rendered by the Depositary hereunder
and to reimburse the Depositary, any Transfer Agent and any Registrar for their reasonable out-of-pocket expenses (including counsel fees and expenses) incurred in the preparation, delivery, amendment, administration and execution of this Agreement
and incident to the performance of their respective obligations hereunder. The Company shall pay all transfer and other taxes and governmental charges arising solely from the existence of the depositary

  
 -22-

 
arrangements. The Company shall pay all charges of the Depositary in connection with the initial deposit of the Preferred Stock and the initial issuance of the Depositary Shares and any
redemption of the Preferred Stock at the option of the Company. All other transfer and other taxes and governmental charges and fees for the withdrawal of Preferred Stock upon surrender of Receipts shall be at the expense of holders of Depositary
Shares. If, at the request of a holder of Receipts, the Depositary incurs charges or expenses for which it is not otherwise liable hereunder, such holder will be liable for such charges and expenses. The Depositary shall present its statement for
charges and expenses to the Company once every three months or at such other intervals as the Company and the Depositary may agree. 
 ARTICLE VI 
 Amendment and Termination 

SECTION 6.01. Amendment. The form of the Receipts and any provision of this Deposit Agreement may at any time and from time to
time be amended by agreement between the Company and the Depositary without the consent of holders of Receipts in any respect that the Company and the Depositary may deem necessary or desirable; provided, however, that after the
Delivery Date, no such amendment (other than any change in the fees of any Depositary, Registrar or Transfer Agent that are payable by the Company) which (i) shall materially and adversely alter the rights of the holders of Receipts or
(ii) would be materially and adversely inconsistent with the rights granted to the holders of the Preferred Stock pursuant to the Articles Supplementary shall be effective unless such amendment shall have been approved by the holders of
Receipts evidencing at least a majority of the Depositary Shares then outstanding. In no event shall any amendment, if made after the Delivery Date, impair the right, subject to the provisions of Section 2.06 and Section 2.07 and Article
III, of any holder of any Receipts evidencing such Depositary Shares to surrender any Receipt with instructions to the Depositary to deliver to the holder the deposited Preferred Stock and all money and other property, if any, represented thereby,
except in order to comply with mandatory provisions of applicable law. Every holder of an outstanding Receipt at the time any such amendment becomes effective shall be deemed, by continuing to hold such Receipt, to consent and agree to such
amendment and to be bound by this Deposit Agreement as amended thereby. 
 SECTION 6.02. Termination. This Deposit
Agreement may be terminated by the Company or the Depositary only if (i) all outstanding Depositary Shares shall have been redeemed pursuant to Section 2.03 or (ii) there shall have been made a final distribution in respect of the
deposited Preferred Stock in connection with any liquidation, dissolution or winding up of the Company and such distribution shall have been distributed to the holders of Depositary Shares pursuant to Sections 4.01 or 4.02, as applicable.
Notwithstanding the following, the Company may terminate this Deposit Agreement at any time prior to the Delivery Date upon if the Exchange Offer is terminated without the issuance of any Depositary Shares. 

Upon the termination of this Deposit Agreement, the Company shall be discharged from all obligations under this Deposit Agreement except
for its obligations to the 

  
 -23-

 
Depositary, any Depositary’s Agent and any Transfer Agent or Registrar under Section 5.05 and Section 5.06. 
 ARTICLE VII 
 Miscellaneous 

SECTION 7.01. Counterparts. This Deposit Agreement may be executed in any number of counterparts, and by each of the parties
hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed an original, but all such counterparts taken together shall constitute one and the same instrument. Delivery of an executed counterpart of a
signature page to this Deposit Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this Deposit Agreement. 
 SECTION 7.02. Exclusive Benefits of Parties. This Deposit Agreement is for the exclusive benefit of the parties hereto, and their respective successors hereunder, and shall not be deemed to give
any legal or equitable right, remedy or claim to any other person whatsoever. 
 SECTION 7.03. Invalidity of Provisions.
In case any one or more of the provisions contained in this Deposit Agreement or in the Receipts should be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained
herein or therein shall in no way be affected, prejudiced or disturbed thereby; provided, however, that if such provision affects the rights, duties, liabilities or obligations of the Depositary, the Depositary shall be entitled to
resign immediately. 
 SECTION 7.04. Notices. Any and all notices to be given to the Company hereunder or under the
Receipts shall be in writing and shall be deemed to have been duly given if personally delivered or sent by mail, or by facsimile transmission confirmed by letter, addressed to the Company at: 

Huntington Bancshares Incorporated 
 41 South High Street 
 Columbus, Ohio 43297 

Attention: Richard Cheap, General Counsel and Secretary 
 or at any other address of which the Company shall have notified the Depositary in writing. 
 Any notices to be given to the Depositary, Transfer Agent or Registrar hereunder or under the Receipts shall be in writing and shall be deemed to have been duly given if personally delivered or sent by
mail, or by facsimile transmission confirmed by letter, addressed to the Depositary: 
 Mellon Investor Services LLC 

Newport Office Center VII 
 480 Washington Boulevard 
 Jersey City, New Jersey 07310 

Attention: Relationship Manager 
 Facsimile: (860) 528-6472 

  
 -24-

 with a copy to: 
 Mellon Investor Services LLC 
 Newport Office Center VII 

480 Washington Boulevard 
 Jersey City, New Jersey 07310 
 Attention: General Counsel 

Facsimile: (201) 680-4610 
 Any notices given to any record holder of a Receipt hereunder or under the Receipts shall be in writing and shall be deemed to have been duly given if transmitted through the facilities of DTC in
accordance with DTC’s procedures or personally delivered or sent by mail, recognized next-day courier service or facsimile confirmed by letter, addressed to such record holder at the address of such record holder as it appears on the books of
the Depositary; provided that any record holder may direct the Depositary to deliver notices to such record holder at an alternate address or in a specific manner that is reasonably requested by such record holder in a written request timely
filed with the Depositary and that is reasonably acceptable to the Depositary. 
 Delivery of a notice sent by mail shall be
deemed to be effected at the time when a duly addressed letter containing the same (or a confirmation thereof in the case of a facsimile message) is deposited, postage prepaid, in a post office letter box, or in the case of a next-day courier
service, when deposited with such courier, courier fees prepaid. The Depositary or the Company may, however, act upon any facsimile message received by it from the other or from any holder of a Receipt, notwithstanding that such facsimile message
shall not subsequently be confirmed by letter as aforesaid. 
 SECTION 7.05. Depositary’s Agents. The Depositary may
from time to time appoint Depositary’s Agents to act in any respect for the Depositary for the purposes of this Deposit Agreement and may at any time appoint additional Depositary’s Agents and vary or terminate the appointment of such
Depositary’s Agents. The Depositary will notify the Company of any such action. 
 SECTION 7.06. Holders of Receipts Are
Parties. The holders of Receipts from time to time shall be deemed to be parties to this Deposit Agreement and shall be bound by all of the terms and conditions hereof and of the Receipts by acceptance of delivery thereof to the same extent as
though such person executed this Deposit Agreement. 
 SECTION 7.07. Governing Law. This Deposit Agreement and the
Receipts and all rights hereunder and thereunder and 

  
 -25-

 
provisions hereof and thereof shall be governed by, and construed in accordance with, the law of the State of New York. 
 SECTION 7.08. Inspection of Deposit Agreement and Articles Supplementary. Copies of this Deposit Agreement and the Articles Supplementary shall be filed with the Depositary and the
Depositary’s Agents and shall be open to inspection during business hours at the Depositary Office by any holder of any Receipt. 
 SECTION 7.09. Headings. The headings of articles and sections in this Deposit Agreement and in the form of the Receipt set forth in Exhibit A hereto have been inserted for convenience only and are
not to be regarded as a part of this Deposit Agreement or to have any bearing upon the meaning or interpretation of any provision contained herein or in the Receipts. 

  
 -26-

 IN WITNESS WHEREOF, Huntington Bancshares Incorporated and Mellon Investor Services LLC have
duly executed this Deposit Agreement as of the day and year first above set forth and all holders of Receipts shall become parties hereto by and upon acceptance by them of delivery of Receipts issued in accordance with the terms hereof. 

HUNTINGTON BANCSHARES INCORPORATED, 
 By    /s/    Donald R. Kimble                    

 MELLON INVESTOR SERVICES LLC, 

as Depositary, Registrar and Transfer Agent, 
 By    /s/    Lee
Kowalsky                           

  
 -27-

 EXHIBIT A 
 FORM OF FACE OF RECEIPT 
 [IF GLOBAL RECEIPT IS
ISSUED: UNLESS THIS RECEIPT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE CORPORATION OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY RECEIPT ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL RECEIPT SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL RECEIPT SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE DEPOSIT AGREEMENT REFERRED TO BELOW.] 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION
AS SUCH REGISTRAR AND TRANSFER AGENT MAY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
  

			
	Certificate Number                     	 	 Aggregate Amount of Depositary Shares        

Number of Depositary Shares        

 CUSIP NO.:         

RECEIPT FOR DEPOSITARY SHARES, 
 Each Representing 1/40th Interest in a Share of 
 Floating Rate Non-Cumulative
Perpetual Preferred Stock (par 
 value $ 0.01 per share) (liquidation preference $ 1,000 per share) 

of 
 HUNTINGTON
BANCSHARES INCORPORATED 
 Mellon Investor Services LLC, as Depositary (the “Depositary”), hereby
certifies that                              is the registered owner of
                             Depositary Shares (“Depositary Shares”), equivalent to
                     aggregate amount, each Depositary Share representing 1/40th of one share of Floating Rate Non-Cumulative Perpetual Preferred Stock, $0.01 par value per share and liquidation
preference of $1,00 per share (the “Stock”), of Huntington Bancshares Incorporated, 

 
a corporation duly organized and existing under the laws of the State of Maryland (the “Company”), on deposit with the Depositary, subject to the terms and entitled to the benefits of
the Deposit Agreement dated                      (the “Deposit Agreement”), among the Company, the Depositary and the holders from
time to time of Receipts for Depositary Shares. By accepting this Receipt, the holder hereof becomes a party to and agrees to be bound by all the terms and conditions of the Deposit Agreement. This Receipt shall not be valid or obligatory for any
purpose or entitled to any benefits under the Deposit Agreement unless it shall have been executed by the Depositary by the manual or facsimile signature of a duly authorized officer or, if a Registrar in respect of the Receipts (other than the
Depositary) shall have been appointed, by the manual signature of a duly authorized officer of such Registrar. 
 Dated: 

 

									
	Countersigned and Registered:	 		 	 MELLON INVESTOR SERVICES LLC, as
 Depositary

				
	 MELLON INVESTOR SERVICES LLC,
 as Transfer Agent and Registrar
	 		 		  	
					
	By	 	                             
                                   	 		 	By:	  	  

		 	                             
                                    ]	 		 		  	Authorized Signatory

  
 -2-

 [FORM OF REVERSE OF RECEIPT] 

The following abbreviations when used in the instructions on the face of this receipt shall be construed as though they were written out
in full according to applicable laws or regulations. 
  

			
	TEN COM – as tenant in common	 	 UNIF GIFT MIN ACT –
                    
 Custodian
                    

                        
(Cust)                    (Minor)

		
	TEN ENT – as tenants by the entireties	 	Under Uniform Gifts to Minors Act
		
	 JT TEN – as joint tenants with right of
 survivorship and not as tenants in common
	 	
                         
                                         
              
 (State)

	
	Additional abbreviations may also be used though not in the above list.

 ASSIGNMENT 
 For value received,                      hereby sell(s), assign(s) and transfer(s) unto

 PLEASE INSERT SOCIAL SECURITY OR 
 OTHER IDENTIFYING NUMBER OF ASSIGNEE, AS APPLICABLE 
  

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS 
 INCLUDING POSTAL ZIP CODE OF ASSIGNEE 
  
                  Depositary Shares, equivalent to
                     aggregate amount, represented by the within Receipt, and do hereby irrevocably constitute and appoint
                     Attorney to transfer the said Depositary Shares on the books of the within named Depositary with full power of
substitution in the premises. 
  

					
	Dated                     	  		  	
                         
                                         
                          
 NOTICE: The signature to the assignment must
 correspond with the name as written upon the face
of
 this Receipt in every particular, without alteration or
 enlargement

 SIGNATURE GUARANTEED 
 NOTICE: This signature must be guaranteed by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Company’s transfer agent. 

  
 -3-

 EXHIBIT B 
 FORM OF ARTICLES SUPPLEMENTARYEX-10.66

 EXHIBIT 10.66 
 Board of Directors Actions in Increasing Compensation for Non-Employee Directors. 
 On
July 28, 2011, the Board of Directors took the following actions, to be effective January 1, 2012: 
  

	 	1.	Increased the stock retainer from 800 to 900 common shares per quarter. 

  

	 	2.	Increased the annual cash fee for Board meetings from $4,800 to $6,500.

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