Huntington National Bank Merges with TCF

Huntington National Bank announced a merger with TCF National Bank in 2020. This significant move aimed to expand Huntington's presence in the Midwest.

The merger was finalized in 2021, creating a combined entity with over $200 billion in assets. This new entity would offer a broader range of financial services to customers in the region.

TCF National Bank's presence in the Midwest will complement Huntington's existing operations, allowing the combined entity to better serve customers in the region. The merger is expected to result in cost savings and increased efficiency for the bank.

Huntington Bank is set to merge with TCF Bank in a deal worth $6.4 billion.

The merger was announced in 2020 and is expected to be completed by the end of 2021.

TCF Bank will become a part of Huntington Bank, expanding its presence in the Midwest.

The combined bank will have over 1,000 branches and 2,000 ATMs.

The merger will create one of the largest banks in the Midwest, with a significant presence in Ohio, Michigan, and Indiana.

Huntington Bank will maintain its headquarters in Columbus, Ohio.

TCF Bank's headquarters in Wayzata, Minnesota will remain operational.

The merger is expected to result in cost savings of around $800 million over the next three years.

The deal is subject to regulatory approval and the satisfaction of certain closing conditions.

The merger terms and conditions of the Huntington National Bank merger are crucial to understand for all parties involved.

The merger is subject to customary regulatory approvals, including those from the Federal Reserve and the Office of the Comptroller of the Currency.

The combined company will be led by Steve Steinour, the current CEO of Huntington Bancshares.

Huntington National Bank will maintain its headquarters in Columbus, Ohio.

The merger is expected to close in the second half of 2024.

Huntington Bank and TCF Bank have agreed to merge in an all-stock deal, creating a regional bank with nearly $168 billion in assets. The deal values TCF at $6 billion, 11% above the level at which the bank's stock closed Friday.

The combined bank will operate under the Huntington brand and will have a 839-branch network, which will be boosted by an additional 475 branches from TCF. This will expand Huntington's seven-state footprint to Wisconsin, Minnesota, South Dakota, and Colorado.

Huntington's chief executive, Stephen Steinour, will remain chairman, president, and CEO of the holding company and CEO and president of the bank. TCF's executive chairman, Gary Torgow, will serve as chairman of the bank's board of directors.

The merger is expected to close in the second quarter of 2021 and will bring Huntington's asset total in line with fellow regional banks Fifth Third and KeyBank.

Here are some key statistics about the combined bank:

Huntington National Bank merger is a significant move that will bring together two financial powerhouses.

The merger was announced on February 13, 2023, with a value of approximately $35 billion.

Huntington Bank will acquire TCF Bank, creating a combined entity with over 1,500 branches across 11 states.

This acquisition will significantly expand Huntington's presence in the Midwest and beyond.

TCF Bank's customers will gain access to a wider range of products and services, including Huntington's extensive network of ATMs.

TCF Bank's employees will be integrated into Huntington's workforce, creating new opportunities for career growth and development.

The merger is expected to be completed by the end of 2023, pending regulatory approval.