Financial Services

Where Industry Leadership Meets Industry Disruption

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Success in an evolving financial services landscape requires surrounding yourself with industry knowledge, innovation, and talent.

Ohio is the No. 5 largest financial services industry in the U.S. The state is No. 3 in top 50 bank headquarters and No. 4 in top 50 insurance headquarters by assets. In addition to Ohio’s financial services advantages, you can access nearly 75% of the U.S. and Canadian financial services industry within a two-hour flight.

In Ohio, you can:

  • Collaborate with world-leading insurance and financial institutions including Progressive Insurance, KeyBank, Huntington, and Fifth Third Bank, as well as industry-disrupting fintech companies including Klarna, Root Insurance, and Alliance Data.
  • Get the same results as investments in coastal cities, but with lower rents, cheaper office space and operations, as well as affordable talent. In Ohio, every dollar goes further, resulting in more capital to invest in Research & Development (R&D) and company expansion.
  • Hire sophisticated tech talent to power your innovations in rising tech cities such as Cincinnati, Columbus, and Cleveland, which are consistently ranked among the top cities for young professionals and tech talent.
  • Benefit from a supportive business and regulatory climate. In August 2018, Ohio demonstrated its commitment to a fintech future by passing legislation that protects firms developing innovative uses for blockchain technology.

A JobsOhio R&D Center Grant is also available to help financial and insurance companies pursuing innovations including regtech, digital banking, insurtech, blockchain, AI, and risk management. Ohio’s resources and assets form financial services sector conducive to innovation, leadership, and industry-defining action.

The next step in achieving your financial services goals starts in Ohio.


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Terry Gore
Terry Gore
Senior Director Financial Services

Shape the Future of Insurance in Ohio

Ohio is a hub for insurtech innovation and it starts with the state’s leadership in insurance and financial services. Learn why Ohio’s entrepreneurial ecosystem, lower costs, and qualified talent pool makes the state an ideal location for growing insurtech companies.

InsurTech - Root-team

Northwest Bank Expands Operations in Ohio

Northwest Bancshares, Inc. expands in Columbus to be more centrally located within the banks operating network
March 5, 2021

Northwest Bank, a full-service financial institution that offers a complete line of business and personal banking products, insurance services, employee benefits and investment management, has announced plans to relocate its holding company headquarters (Northwest Bancshares, Inc.) to Columbus, Ohio, from Warren, Pennsylvania.

Rocket Mortgage Expands in Ohio, Creates 630 New Jobs

America’s largest mortgage lender will grow in the state
February 22, 2021

Rocket Mortgage has an ongoing commitment to urban revitalization and creating high-paying jobs. As a result, the company seeks to expand in Ohio and create 630 new jobs, adding to its current workforce of 721 employees.

Cincinnati Insurance Company Invests in Insurtech R&D in Ohio

Company’s investment reflects Ohio’s insurtech and innovation growth
December 8, 2020

Cincinnati Financial Corporation’s (Nasdaq: CINF) lead property casualty subsidiary, The Cincinnati Insurance Company, prides itself on delivering personalized experiences to clients. The company will expand its R&D operations to accelerate company-wide digital and data transformation, supported by a $2.5 million JobsOhio R&D Center Grant.

Branch Financial Expands Ohio HQ, Creates 150 New Jobs

Insurance company will significantly grow to prepare the company for major growth in the coming years
December 7, 2020

Branch Financial, Inc., an insurance company that utilizes innovative technology to make insurance accessible and affordable for everyone, has announced plans to expand its headquarters in Columbus, Ohio, creating 150 new jobs. With 12 full-time employees at its headquarters in Central Ohio, the company seeks to better serve the $370 billion U.S. insurance market.

London Stock Exchange Group's Elite Initiative Announces Cleveland, Ohio As The Future Site Of Elite Americas Headquarters

The move represents a significant commitment to the U.S. market by ELITE, LSEG’s international business support initiative
October 25, 2019