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Huntington and TCF Financial to merge in $22 billion deal
Two big bank holding companies with huge name recognition in Michigan — Columbus, Ohio-based Huntington Bancshares and Detroit-based TCF Financial Corp. — are announcing plans for an all-stock merger valued at $22 billion.
The deal is expected to close in the second quarter, according to a press briefing given Sunday night with the Detroit Free Press. The Huntington brand will survive, while the TCF name will disappear. The merger means that another purely....
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