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Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U S Regional Bank

Press release content from PR Newswire. The AP news staff was not involved in its creation. Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. Regional Bank December 14, 2020 GMT Huntington Bancshares Incorporated logo (PRNewsfoto/Huntington Bancshares Incorpora) COLUMBUS, Ohio and DETROIT, Dec. 13, 2020 /PRNewswire/ Huntington Bancshares Incorporated (“Huntington”) (Nasdaq: HBAN; www.huntington.com ), the parent company of The Huntington National Bank, and TCF Financial Corporation (“TCF”) (Nasdaq: TCF; www.tcfbank.com ), the parent company of TCF National Bank, today announced the signing of a definitive agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion to create a top 10 U.S. regional bank with dual headquarters in Detroit, Michigan and Columbus, Ohio.

Detroit s TCF Bank Merges with Huntington in $22B Deal

DBusiness Magazine Detroit’s TCF Bank Merges with Huntington in $22B Deal Detroit-based TCF Financial Corp., parent company of TCF National Bank, Sunday announced it has signed a definitive agreement under which it will combine in an all-stock merger with a total market value of about $22 billion with Columbus, Ohio’s Huntington Bancshares Inc., the parent company of The Huntington National Bank. Terms of the deal were not disclosed. TCF Financial Corp. is merging with Huntington Bancshares Inc. The combined company will have headquarters in Detroit and Columbus and will operate under the Huntington brand. Pictured is a rendering of the soon-to-be Detroit headquarters, which was originally announced as a project by Chemical Bank. // File rendering

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