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Huntington Acquisition of Camco Nearly Complete
COLUMBUS, Ohio -- In a filing with the Securities and Exchange Commission Wednesday, Huntington Bancshares Inc. said it has received all applicable regulatory and shareholder approvals to acquire Camco Financial Corp., Cambridge, and expects the transaction to be completed this Saturday.
Huntington Bancshares is the holding company of Huntington National Bank, Camco the holding company of Advantage Bank. The providers of financial services announced their intent to merge last Oct. 9 with Huntington paying $97 million in stock and cash.
With the 22 offices of Advantage Bank, including a small number in West Virginia and Kentucky, in its fold, Huntington Bank will have more than 725 offices in Ohio, Michigan, Indiana, Pennsylvania, West Virginia and Kentucky.
Camco will add some $800 million in assets to Huntington Bancshares’ $57 billion in assets.
Published by The Business Journal, Youngstown, Ohio.
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