Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it acquires FirstMerit.
The $71 billion-asset Huntington will close a total of 107 branches; 77 of the branches belong to FirstMerit and the rest are Huntington's.
Huntington announced in January that it had agreed to buy the $26 billion-asset FirstMerit, of Akron, Ohio, for $3.4 billion. The deal is expected to close in the third quarter.
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Huntington Bancshares in Columbus, Ohio, has agreed to buy FirstMerit in Akron, Ohio.
January 26 -
Northwest Savings Bank's plan to shutter its branch in Pleasantville, Pa., has run into stiff opposition from the town's mayor.
March 8 - Louisiana
Iberiabank in Lafayette, La., reported higher fourth-quarter profit on loan growth and mortgage revenue and planned an additional round of branch closings.
January 28
Huntington disclosed the plans in a legal notice published Thursday in the Columbus Dispatch. The company did not comment beyond sharing a copy of the notice.
After the closings, Huntington would operate a total of about 1,000 branches.
Branches are slated to close in cities and small towns. Huntington plans to shutter branches in Akron, Canton, Cleveland, Columbus and Toledo in Ohio, among other cities. In Michigan, branches will be shut down in Flint, Saginaw, Traverse City and other locations.
