Huntington Bancshares Incorporated (NASDAQ:HBAN) Announces Camco Financial Corp Merger Successful


Dallas, Texas 03/17/2014 (FINANCIALSTRENDS) –  Huntington Bancshares Incorporated(NASDAQ:HBAN) has announced merger with Camco Financial Corp has been completed successfully. Camco Financial Corp is the parent company of Cambridge based Advantage Bank. After the successful merger, Advantage Bank has opened as Huntington banks on March 3rd. With the takeover, Huntington Bancshares Incorporated will add around 55k new customers from Advantage Bank and all the current customers will benefit added convenience & accessibility right from Cambridge to Cincinnati. The customers can now sign up for Huntington Bancshares Asterisk free checking which doesn’t require minimal balance and comes with 24 overdraft protection and some other features. The new customers will be able to use 1500-ATM network across the Midwest, without any service charges and also 700 traditional & in-store branches. Camco customers who hold 88% of share will receive Huntington Bancshares stock.

Huntington Bancshares Incorporated (NASDAQ:HBAN) To Support Dana Investment Advisors

Huntington Bancshares subsidary Huntington Asset Services, Inc announced its support to Dana Investment Advisors. The company plans to help Dana Investment with its mutual fund offerings which include providing support to towards assisting launch of Cap Equity Fund’s third share class. Huntington Asset Services which is into fund administration and accounting will handle full-service administrative functions for the Dana Large Cap Equity Fund. According to Huntington Asset president, the company will focus on navigating the operational, regulatory and broader business requirements to help Dana provide a best investment performance for all its customers.

Huntington Bancshares witness Insider Trading.

According to the reports on March 3, 2014, company’s CEO and Chairman has bought 10,000 shares at $9.44 also company’s director reportedly bought 1,900 shares at the same price.  Company’s Senior Executive vice president Neumeyer Daniel J, has sold around 0,458 shares at $9.52. With insider trading the shares traded at $9.66, up by $0.09. The company which has a market cap of $7.9B has noticed average of 10.1 million shares per day over the past 30 day.