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Merger to create Ohio banking giant

Posted online January 26, 2016 | 12:39 pm

Huntington Bancshares announced Tuesday it would buy fellow Ohio-based FirstMerit Corp. in a deal worth $3.4 billion in stock and cash.

The merger would create the largest bank in Ohio by deposits.

The transaction, which would create a company with nearly $100 billion in assets, is expected to wrap up in the third quarter.

Read more from The New York Times.

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