COLUMBUS, Ohio - Huntington Bancshares announced that it will repurchase up to 10 million shares of its common stock through the open market and privately negotiated transactions.

Huntington's repurchase program began in August 1987 and is 1.9 million shares short of the previous authorization.

Shares remaining under the existing program and five million shares of the new authorization are expected to be repurchased during the next eight months.

The remaining five million shares of the new authorization will be repurchased as needed in 1996.

As of March 31, a total of 15.8 million shares had been repurchased.

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