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Huntington Bancshares to Acquire TCF Financial and Create Top 10 U.S. Bank

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Huntington Bancshares to Acquire TCF Financial and Create Top 10 U.S. Bank

The $120 billion asset Huntington Bancshares (NASDAQ: HBAN), based in Columbus, Ohio, has announced a definitive agreement to acquire the $48 billion asset TCF Financial (NASDAQ: TCF), based in Detroit, Michigan.

The transaction will create a top 10 bank in the U.S. and will give Huntington a top five deposit market share in 70% of the metropolitan statistical areas it operates in.

Source Fool.com

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