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Huntington Bancshares to buy TCF Financial for US$6b
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Huntington Bankshares, TCF Finanancial agree to merger
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Huntington Bancshares Nears Deal to Merge With TCF Financial
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Huntington buys TCF for US$6 bil in US regional bank merger wave
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TCF Financial Gains on $6 Billion Huntington Bancshares Deal TheStreet 12/14/2020 © TheStreet TCF Financial Gains on $6 Billion Huntington Bancshares Deal
Shares of TCF Financial jumped more than 8% on Monday after Huntington Bancshares said it agreed to buy the regional bank an all-stock deal valued at almost $6 billion one of the biggest regional bank tie-ups this year with a total market value of roughly $22 billion.
Under terms of the agreement, Detroit-based TCF will merge into Columbus, Ohio-based Huntington, with the combined holding company and bank operating under the Huntington name and brand following the closing of the transaction. The combined bank will have dual headquarters in Columbus and Detroit.