Huntington Merger

Huntington National Bank has established itself as one of the top banks in the Midwestern part of the United States. P.W Huntington founded Huntington National Bank in 1866. The bank became incorporated in 1905 as Huntington Bancshares Incorporated. Huntington has 24 private client group offices and 1,091 branches spread throughout Ohio, Michigan, Pennsylvania, Indiana, Illinois, Wisconsin, West Virginia, and Kentucky. Huntington has recently grown to over 15,993 full time employees nationwide. Over the years, Huntington has grown substantially by natural growth and also through mergers. The primary regulator of Huntington National Bank is the Office of the Comptroller of the Currency (OCC). The bank holding company is Huntington Bancshares,

Over the past 5 years, Huntington has merged with 3 different banks, helping Huntington to grow into other states and become more nationally recognized. In 2012, Huntington purchased Fidelity Bank in Southeastern Michigan. This merger grew their assets by only about $0.8 billion, but helped secure market share in southeastern Michigan. Another acquisition Huntington completed was in March of 2014. Huntington acquired Camco Financial, which brought in about 55,000 new customers. In addition to the large amount of new customers, they also added 9 new branches. Another large acquisition was finalized August of 2016, when Huntington acquired FirstMerit Corporation. This acquisition grew Huntington to almost $100 billion in assets and made Huntington the largest bank for deposits in Ohio. These mergers and acquisitions helped Huntington to grow and they will continue to acquire other banks to grow their company and take more market share in places other than Ohio, where they have 34% and 14% markets share respectively in Columbus and Cleveland, with Columbus being their #1 deposits city with 20.45

May 2012, Huntington shares were priced at $6.54 a share, with 256,796,100 in shares. This was before Huntington had completed these larger acquisitions, helping them grow their bank and thus driving up the stock price. Huntington has increased their share price at the end of the year every year for the last 5 years. In 2013, Huntington saw steady growth month to month; watching their share price climb from $6.96 in January, to 9.65 at the end of December. 2014 brought a steadier year, climbing from $9.07 in January to $10.52 in December. Throughout 2015, the price grew to over $11, but the start of 2016 was different. In January of 2016, Huntington National Bank share price had dropped to $8.58. It rapidly started to increase over the 2016 period, finally closing the year at $13.22 this was after the talks and finalization of the acquisition of FirstMerit. Up to this point in 2017, the share price has stayed fairly flat, beginning April 2017 with a share price of