Following the example of some money-center banks, Huntington Bancshares Inc. has formed a subsidiary to market cash management and fee-based transaction processing services to corporations and other banks.

The unit, called Huntington Technology Co., will be headed by Richard C. Ercole. Mr. Ercole was president of Security Pacific Treasury Management Corp., a wholly owned subsidiary of the Sequor Group, a business that Bank-America Corp. acquired after merging with Security Pacific Corp. earlier this year.

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