Roundup: Huntington Acquiring Yet Another Fla. Bank

COLUMBUS - Huntington Bancshares said it has agreed to acquire privately owned First Seminole Bank, of Lake Mary, Fla., for an undisclosed cash sum.

The acquisition is expected to close late in the second quarter.

First Seminole Bank, which operates two banking offices in the greater Orlando area, has assets of approximately $48 million. The acquisition will complement Huntington's pending purchases of Orlando-based Security National Corp. and of Reliance Bank of Florida in Melbourne.

Upon completion of the acquisition, First Seminole will be merged into Huntington National Bank of Florida, a subsidiary of Huntington Bancshares Florida Inc.

When all three transactions close, Huntington will operate 18 banking offices with approximately $600 million in assets in South-Central Florida.

Huntington Bancshares, with $17.5 billion in assets, is headquartered in Columbus.

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