Huntington Bancshares Mergers and Acquisitions Summary

Financial ServicesCompany

Huntington Bancshares has acquired 7 companies, including 1 in the last 5 years. It has also divested 2 assets.

Huntington Bancshares’ largest acquisition to date was in 2020, when it acquired TCF Financial for $22.0B. It’s largest disclosed sale occurred in 2001, when it sold Huntington Bancshares - Florida Banking Franchise to SunTrust Banks for $705M. Huntington Bancshares has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include financial services (100%).

Join Mergr and gain access to Huntington Bancshares’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Huntington Bancshares

Huntington Bancshares, Inc.

Huntington Center 41 South High Street,
Columbus, Ohio 43287
United States,
(614) 480-2265
www.huntington.com

Huntington Bancshares is a regional bank holding company, Provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. Huntington Bancshares was founded in 1866 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.2/yr) # 6 - 1 - - - 7
vol $3.5B $22.0B $25.5B
Sell (0.0/yr) # 2 - - - - - 2
vol $705M $705M
  9

Most Recent M&A

Company Date Value Type
TCF Financial Corp. 2020-12-13 22.0B USD Merger
Detroit, Minnesota · www.tcfbank.com
Huntington Bancshares - Wisconsin branch banking operations 2018-12-11 - Divestiture
, Wisconsin
FirstMerit Corp. 2016-01-26 3.4B USD Merger
Akron, Ohio · www.firstmerit.com
Macquarie Equipment Finance, Inc. 2015-02-24 - Divestiture
Toronto, Ontario
13 Michigan branches - Bank of America 2014-05-14 - Divestiture
, Michigan
Camco Financial Corp. 2014-03-04 97M USD Add-on Acquisition
Cambridge, Ohio · www.camcofinancial.com
Sky Financial Group, Inc. 2007-07-01 - Add-on Acquisition
Bowling Green,, Ohio
Huntington Bancshares - Florida Banking Franchise 2001-09-26 705M USD Divestiture
, Florida
First Michigan Bank Corp. 1997-09-01 - Add-on Acquisition
Holland, Michigan
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
The Huntington National Bank Inc.    - Bank of America - 24 Michigan Branches 2014-09-16 4
Columbus,, Ohio · www.huntington.com , Michigan
The Huntington National Bank Inc.    - 11 branches Central & East Michigan - Bank of America 2014-04-09 3
Columbus,, Ohio · www.huntington.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 7 (100%) 25.5B (100%) 2 (100%) 705M (100%)
Total 7 $25.5B 2 $705M

By Geo

State/Country Buy Value Sell Value
United States 6 25.5B 1 705M
  Ohio 3 3.5B - -
  Michigan 2 - - -
  Minnesota 1 22.0B - -
  Florida - - 1 705M
Antigua and Barbuda - - 1 -
  Wisconsin - - 1 -
Canada 1 - - -
  Ontario 1 - - -
Domestic 6 (86%) 25.5B (100%) 1 (50%) 705M (100%)
Cross-border 1 (14%) - 1 (50%) -
Total 7 $25.5B 2 $705M

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
 2
Guggenheim Securities
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
 3

Deal Values

buy # Total
> $1B 2 $25.4B
< $100M 1 $97M
TOTAL $25.5B
Largest TCF Financial Corp.
$22.0B (2020-12-13)
sell # Total
$100M to $1B 1 $705M
TOTAL $705M
Largest Huntington Bancshares - Florida Banking Franchise
$705M (2001-09-26)

M&A Connections

Deals
Acquired from
Strategic(s)
29%
2 (29%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

7,254   22% 2022
5,991   25% 2021
4,815   4% 2020
4,667   4% 2019
4,510   5% 2018
4,309   23% 2017
3,519   2016
(millions of USD) Show More Show Less

Employees

18,442

Established

1866

Public

NASDAQ: HBAN

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