first merit bank acquired by huntington

Columbus, Ohio-based Huntington Bancshares Inc. has completed its previously announced $3.4 billion acquisition of Akron, Ohio-based FirstMerit Corp., parent company of FirstMerit Bank. Huntington plans to keep customers informed about the closures as they occur. “I believe the strength of this deal is that both organizations already understand the needs and goals of our Midwestern customers and communities.”. Paul Greig FirstMerit Corp., the Akron-based parent company of FirstMerit Bank, announced an acquisition agreement with Columbus-based Huntington Bancshares Inc. Tuesday. The two banks are effectively one entity. Event Sponsorship Huntington National Bank will absorb FirstMerit Bank as part of the stock-and-cash transaction worth the equivalent of $20.14 per share. Firstmerit Bank is no longer doing business under that name. The Columbus-based holding company of Huntington Bank announced on Tuesday, Aug. 16, that the merger, valued at $3.4 billion when it was first announced in January, has closed. COLUMBUS, Ohio – Huntington Bancshares Inc., has completed its acquisition of FirstMerit Corp. and all offices of FirstMerit Bank are now branches of Huntington National Bank, Huntington announced this morning. In 1981, First National Bank of Ohio and Old Phoenix National Bank of Medina merged into First Bancorporation of Ohio (First Ohio). Copyright ©2020 BizTimes Media, LLC. Huntington Bancshares has completed its acquisition of FirstMerit. Huntington Bank was considered a potential buyer as Huntington was expanding in Michigan. Huntington Bancshares Inc. is acquiring FirstMerit Corp. in a stock and cash transaction valued at approximately $3.4 billion. Columbus, Ohio-based Huntington Bancshares Inc. has completed its previously announced $3.4 billion acquisition of Akron, Ohio-based FirstMerit Corp., parent company of FirstMerit Bank. Columbus, Ohio-based Huntington, founded in 1866, controls $71 billion in assets with 750 branches in six Midwestern states. Founded in 1845, First Merit is a $25.5 billion asset regional bank with a network of 366 branches and 400 ATMS in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. Huntington Bancshares said Tuesday that it had reached a deal valued at $3.4 billion to acquire Ohio rival FirstMerit, creating a sprawling Midwestern bank with a presence in eight states. The companies expect to complete their systems integration in the first quarter of 2017, at which time FirstMerit customers’ accounts and the bank’s branches will be converted to Huntington. Akron, Ohio-based FirstMerit controls $25.5 billion in assets and operates 366 branches in five states. The Bank continued expansion in Ohio buying bank branches in many Ohio counties for the following nine years. Feature Me Request The bank previously announced it was proposing to close 107 Huntington and FirstMerit branches in five states as part of the merger. Huntington Bancshares Inc.’s acquisition of Akron’s FirstMerit Corp. has closed on paper, but there’s still a lot of work to be done. Event Photos Event Listing FirstMerit Bank has now joined Huntington I am pleased to let you know that FirstMerit is now part of The Huntington National Bank, and we can officially welcome you as our customer. All Rights Reserved. Last month, FirstMerit sold four of its Wisconsin branches to Peoples State Bank of Prairie du Chien for $1.2 million. Huntington Bancshares Inc. has closed its acquisition of FirstMerit Corp. and is now operating as one company, having merged FirstMerit Bank into The Huntington National Bank… This deal was done in Cash & Stock. In 1985, Exchange Bank in Canal Fulton in Stark County, Ohio was acquired by First Ohio. It has shed one-fourth of its branches over the years as it has continued to focus on digital … Reprints, Due to site maintenance, you may not be able to log in or subscribe Sat, Nov 21 from 4-10 PM CT. Stay up-to-date with the issues, companies and people that matter most to business in the Milwaukee metro area. Jobs kept: All FirstMerit branch employees will be offered jobs, Huntington Chairman and CEO Steve … Huntington Bancshares Inc.'s (Nasdaq: HBAN) acquisition of Akron-based FirstMerit Corp. (Nasdaq: FMER) has closed on paper, but there's still work … Huntington Bank Completes Acquisition of FirstMerit. BT360 Huntington National Bank will absorb FirstMerit Bank as part of the stock-and-cash transaction worth the equivalent of $20.14 per share. Huntington Bancshares officially ranks as Ohio's largest bank based on … News broke overnight that Huntington Bank has acquired FirstMerit Bank, which is headquartered in Akron. Huntington Bancshares Incorporated Completes Acquisition Of FirstMerit Corporation Huntington Bancshares Incorporated announced it has closed its acquisition of FirstMerit Corporation and is now operating as one company, having merged FirstMerit Bank into The Huntington National Bank. Huntington officials hope the merger with FirstMerit will be completed during the third quarter, which ends Oct. 31. The next year, First Ohio purchased Twinsburg Banking Company. New Hires, Promotions, Accolades Below is a list of some important events in banks history, including mergers and acquisitions. BizConnect Content The combined company will have nearly $100 million in assets, making it the largest bank in Ohio, according to Huntington. Company News, Press Releases, Awards Those branches were in Lancaster, Fennimore, Dickeyville and Potosi in southwest Wisconsin. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey. Columbus, Ohio-based Huntington Bancshares Inc. today announced it will acquire FirstMerit Corp., also based in Ohio, for $3.4 billion in stock and cash. To view branches, routing numbers, phone numbers and business hours; you can check Huntington Bank page. Huntington Bancshares announced Monday night that it is buying Akron-based FirstMerit in a $3.4 billion deal that is one of Huntington's biggest acquisitions in its 150-year history. List of Huntington National Bank's 5 Acquisitions, including Hutchinson, Shockey, Erley & Co. And First Merit Bank | Crunchbase List of Huntington National Bank 's 5 Acquisitions, including Hutchinson, Shockey, Erley & Co. and First Merit Bank More than 1,000 people are employed with FirstMerit in the Akron area alone. In June, FirstMerit president and chief executive officer Kevin Leissring was tapped to become regional president of Huntington in Wisconsin. "We are very pleased to come together with FirstMerit to create a regional bank with added customer convenience, an enhanced portfolio of products for consumers and businesses, as well as strong market share,” Huntington CEO Steve Steinour said in a statement. The transaction is expected to be completed in the third quarter of 2016. Molly Dill, former BizTimes Milwaukee managing editor. Huntington provides online banking solutions, mortgage, investing, loans, credit cards, and personal, small business, and commercial financial services. The deal gives Huntington its first operations in Chicago and Wisconsin. Huntington and FirstMerit have entered into a definitive agreement under which Huntington will acquire FirstMerit. Huntington has 839 branches and $120 billion in assets. It now has more than $100 billion in assets and almost 1,000 branches in Wisconsin, Ohio, Illinois, Michigan, Indiana, Kentucky and Pennsylvania. Your California Privacy Rights/Privacy Policy. Huntington Bancshares operates The Huntington National Bank. Since Huntington acquired FirstMerit, branch locations have closed in New Franklin, Lakemore, Norton and Akron, which lost local bank branches on … FirstMerit predecessors go back as far as 1845. The total transaction is valued at about $3.4 billion including outstanding options … FirstMerit closed several branches in Wisconsin prior to the acquisition, with others—including East Troy—on the chopping block once Huntington took control. 15/12/2020 Huntington entered the Chicago market four years ago by way of the acquisition of Akron, Ohio-based FirstMerit Bank, which itself was a relative newcomer to the market. There will now be more than 1,000 branches across the Midwest, and up to 1,900 ATMs for customers to use. 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