M&A Deal Summary

Huntington Bancshares Acquires First Michigan Bank

On September 1, 1997, Huntington Bancshares acquired financial services company First Michigan Bank

Acquisition Highlights
  • This is Huntington Bancshares’ 1st transaction in the Financial Services sector.
  • This is Huntington Bancshares’ 1st transaction in the United States.
  • This is Huntington Bancshares’ 1st transaction in Michigan.

M&A Deal Summary

Date 1997-09-01
Target First Michigan Bank
Sector Financial Services
Buyer(s) Huntington Bancshares
Deal Type Add-on Acquisition

Target

First Michigan Bank

Holland, Michigan, United States
First Michigan Bank Corporation operated as a holding company that was engaged in the general commercial and retail banking, trust services, and investment services.

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Buyer(S) 1

Buyer

Huntington Bancshares

Columbus, Ohio, United States

Category Company
Founded 1866
Sector Financial Services
Employees19,719
Revenue 7.4B USD (2023)
DESCRIPTION

Huntington Bancshares is a regional bank holding company that 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.


DEAL STATS #
Overall 1 of 7
Sector (Financial Services) 1 of 7
Type (Add-on Acquisition) 1 of 3
State (Michigan) 1 of 2
Country (United States) 1 of 6
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-26 Huntington Bancshares - Florida Banking Franchise

Florida, United States

Florida banking franchise a banking operations company.

Sell $705M