Huntington Bancshares agreed to acquire a $226 million-asset Kentucky thrift in a transaction worth $33 million, or 1.5 times book value.

Huntington, a $16.5 billion-asset banking company based in Columbus, Ohio, said it would buy Firstfed Northern Kentucky Bancorp, a thrift holding company based in Covington.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.