Huntington Bancshares has two new mutual funds as a result of its acquisition of First Michigan Bank Corp.
Huntington, based in Columbus, Ohio, said it planned to complete the merger of First Michigan's FMB Funds into its Monitor Funds last weekend, creating a family with 11 funds and $2.5 billion of assets under management.
The two portfolios are the former FMB Intermediate Government Income and the Michigan Tax-Free Bond funds. Assets in the former FMB equity and money market funds are being rolled into Monitor funds. Both fund families had retail and trust share classes.
Huntington closed its acquisition of Holland, Mich.-based First Michigan on Sept. 30.