Columbus-based Huntington Banchsares incorporated today merged with Canton-based Unizan Financial Corporation for 587 million dollars.
The banks say Unizan shareholders will get shares of Huntington common stock in exchange for their Unizan shares.
Unizan has numerous branches in our area.
Huntington shares closed yesterday at just over 23 dollars. Unizan shares closed at more than 22 dollars. The merger was unanimously approved by both boards.
It’s expected to be final late in the second quarter. It must receive regulatory and Unizan shareholder approval.
When the merger is complete, Huntington will have 381 offices, 751 A-T-M’s and desposits of around 20 billion dollars.
Unizan media representative Sandy Upperman says that it's too soon to comment about whether or not jobs will be lost at any local Unizan branches.