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Huntington (HBAN) concludes a merger deal with TCF Financial, making it one of the top 25 U.S. bank holding companies. The move marks its entry in Minnesota and Colorado, and across new businesses.
Huntington (HBAN) and TCF Financial's (TCF) all-stock acquisition deal for a total market value of about $22 billion will create one of the top 10 U.S. regional banks.
FirstMerit Bank: $912 million Huntington Bancshares: 2014 Old National Bank: United Bank & Trust: Old National Bank: $173 million Old National Bank: 2015 M&T Bank: Hudson City Bancorp: M&T Bank: $3.7 Billion M&T Bank: 2016 Huntington Bancshares: FirstMerit Bank Huntington Bancshares $3.4 billion Huntington Bancshares 2016 Key Bank: First ...
Here are some of the biggest bank mergers and acquisitions in American history. ... CIT Bank. $2.2 billion. June 9, 2021. Huntington. TCF. $6 billion. Dec. 9, 2019 ... In Other News.
In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton merged with Huntington Bancshares. [14] In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati. In 1982, the bank merged with the Reeves Banking and Trust Company. [14]
The bank moved its headquarters from Midland, Michigan to Detroit in 2018. [21] In 2020, TCF sold all 7 of its branches in Arizona to Global Credit Union. [22] TCF was acquired by Huntington Bancshares in June 2021, and sold 13 branches in Michigan to Horizon Bank to gain regulatory approval for the merger. [23] [24] [25]
Huntington's (HBAN) Q3 earnings are likely to have been driven by improved net interest income on the merger-led expanded balance sheet. Yet, high expenses and low rates have likely been hurdles.
The resulting $4 billion company ranked as the 96th largest American bank. [1] At the time of its 2008 acquisition by Huntington, Sky Financial Group was the 43rd largest bank holding company in the country with over $17.6 billion in assets. [4] The company had 4330 employees. [2]