Banking Executive Stephen D. Steinour Joins Liberty Property Trust's Board of Trustees

MALVERN, Pa., Feb. 16 /PRNewswire-FirstCall/ -- Liberty Property Trust (NYSE: LRY) today announced that Stephen D. Steinour, chairman, president, and chief executive officer of Huntington Bancshares, Incorporated, has joined Liberty's board of trustees.

Huntington Bancshares is a $53 billion regional bank holding company headquartered in Columbus, Ohio. Through its subsidiaries, including its banking subsidiary, The Huntington National Bank, Huntington provides full-service commercial and consumer banking services, mortgage banking services, equipment leasing, investment management, trust services, brokerage services, customized insurance service program, and other financial products and services. Huntington National Bank's 600-plus banking offices and nearly 1,300 ATMs are located in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Prior to joining Huntington, Mr. Steinour was managing partner of CrossHarbor Capital where he was an investment committee member and responsible for the general management of the firm.  

Prior to joining CrossHarbor, Mr. Steinour was president and chief executive officer of Citizens Financial Group and was responsible for overseeing the commercial bank holding company's business lines and operations. Citizens Financial Group is one of the 10 largest commercial bank holding companies in the United States in total assets and deposits.

Mr. Steinour is a member of the board of directors of Exelon Corporation.  He is a member of The Columbus Partnership, and a trustee of the Eisenhower Fellowships and the National Constitution Center. He is a past chairman of the Greater Philadelphia Chamber of Commerce.

"Steve brings a wealth of capital markets and financial expertise to our already strong and diverse board," said Bill Hankowsky, chairman and chief executive officer of Liberty Property Trust. "As an active CEO, Steve has a strong sense of the issues facing public companies today."

In addition to Mr. Steinour and Mr. Hankowsky, Liberty's board of trustees consists of Frederick F. Buchholz, Executive Vice President, Lend Lease Real Estate Investments (retired); Tom DeLoach, Executive Vice President, Mobil Oil Corporation (retired); Daniel P. Garton, Executive Vice President – Marketing, American Airlines; J. Anthony Hayden, Managing Principal, Beacon Commercial Real Estate; M. Leanne Lachman, President, Lachman Associates; David L. Lingerfelt, an attorney in private practice; and Stephen B. Siegel, Chairman, Global Brokerage Services, CB Richard Ellis.

Liberty Property Trust (NYSE: LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties.  Liberty's 78 million square foot portfolio includes more than 700 properties which provide office, distribution and light manufacturing facilities to 2,000 tenants.  

SOURCE Liberty Property Trust

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