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News broke overnight that Huntington Bank has acquired FirstMerit Bank, which is headquartered in Akron. Huntington completes acquisition of FirstMerit Bank, Global Value Investment Corp. selects new leadership, New stimulus bill packed with small business benefits, Year-end corporate tax considerations: the essentials, Fiserv acquires Silicon Valley-based digital card services platform, Peoples State Bank acquires Sunset Bank & Savings. 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. 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. © Dispatch file photo Huntington Bancshares of Columbus is acquiring TCF National Bank, based in Detroit. 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. Huntington Bancshares officially ranks as Ohio's largest bank based on … BizConnect Content FirstMerit shares jumped 16.5% to $17.91 at 9:49 a.m. Tuesday. FirstMerit closed several branches in Wisconsin prior to the acquisition, with others—including East Troy—on the chopping block once Huntington took control. The total transaction is valued at about $3.4 billion including outstanding options … 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. First Merit Bank was acquired by Huntington National Bank for $3.4B on Jan 26, 2016. 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… The merger was expected to close in the second quarter of 2013. Last month, FirstMerit sold four of its Wisconsin branches to Peoples State Bank of Prairie du Chien for $1.2 million. Event Sponsorship Event Photos 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. Below is a list of some important events in banks history, including mergers and acquisitions. Your California Privacy Rights/Privacy Policy. Since Huntington acquired FirstMerit, branch locations have closed in New Franklin, Lakemore, Norton and Akron, which lost local bank branches on … 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 Inc.'s (Nasdaq: HBAN) acquisition of Akron-based FirstMerit Corp. (Nasdaq: FMER) has closed on paper, but there's still work … Huntington’s acquisition … The partnership brings together two companies with a … When the closures are complete, the company will have 38 Wisconsin branches. Huntington Bancshares has completed its acquisition of FirstMerit. 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. In June, FirstMerit president and chief executive officer Kevin Leissring was tapped to become regional president of Huntington in Wisconsin. News Tips 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. To view branches, routing numbers, phone numbers and business hours; you can check Huntington Bank page. Huntington Bancshares Inc. is acquiring FirstMerit Corp. in a stock and cash transaction valued at approximately $3.4 billion. More than 1,000 people are employed with FirstMerit in the Akron area alone. Huntington National Bank will absorb FirstMerit Bank as part of the stock-and-cash transaction worth the equivalent of $20.14 per share. Event Listing Firstmerit Bank is no longer doing business under that name. BT360 Award Nominations The bank previously announced it was proposing to close 107 Huntington and FirstMerit branches in five states as part of the merger. Molly Dill, former BizTimes Milwaukee managing editor. 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. © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. The deal gives Huntington its first operations in Chicago and Wisconsin. 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. The combined company will have nearly $100 million in assets, making it the largest bank in Ohio, according to Huntington. Huntington provides online banking solutions, mortgage, investing, loans, credit cards, and personal, small business, and commercial financial services. 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. 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