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Camco Financial (CAFI) said its Advantage Bank has been released from a 2012 enforcement action less than a month after agreeing to sell itself to Huntington Bancshares (HBAN) in Columbus, Ohio.
November 1 -
Huntington Bancsharess efforts are paying off. It finally reached a 2013 goal of achieving positive operating leverage by cutting jobs, closing branches and reducing marketing and legal expenses.
October 17 -
Huntington Bancshares (HBAN) in Columbus, Ohio, has agreed to buy Camco Financial (CAFI) in Cambridge, Ohio.
October 10
Huntington Bancshares (HBAN) in Columbus, Ohio, plans to close nine branches after its acquisition of Camco Financial (CAFI) in Cambridge, Ohio.
The $56 billion-asset Huntington
All branches set to close are located less than 2.5 miles from an existing Advantage or Huntington branch, according to a
"While it is true that Huntington Bank, like any growing banking organization, does usually close or consolidate selected branches after an acquisition in order to eliminate overlap and improve profitability in its branch distribution system, Huntington Bank does so in a manner that is consistent with its objectives of minimizing adverse customer impacts," the law firm said in the letter.
Huntington and Advantage will accept public comments on the proposed branch closures through Jan. 8.