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The FirstMerit bank on Kings Pointe Road in Sylvania Township will be sold or leased to another business.
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Huntington acquisition of FirstMerit finalized

THE BLADE

Huntington acquisition of FirstMerit finalized

Area locations to operate until 2017

As Huntington National Bank’s acquisition of FirstMerit Bank was finalized Tuesday, changes are under way.

Huntington spokesman Brent Wilder said three Toledo-area FirstMerit branches will keep operating until sometime in the first three months of next year, most likely in February. The bank will shutter the downtown FirstMerit location at 411 Adams St., which it leases, and the location at 7530 Kings Pointe Rd. in Sylvania Township, which it owns. The latter location will be sold or leased to another business, the spokesman said.

A third area location at 7548 Lewis Ave. in Temperance will be consolidated into a nearby Huntington.

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A fourth northwest Ohio location, in Wayne in Wood County, is to remain open as a Huntington branch.

Mr. Wilder said Huntington branch merchandise will go up immediately and FirstMerit signage outside buildings will convert in the fall to new Huntington signs, which will remain covered up until the branches convert early next year.

The $3.4 billion stock and cash acquisition of Akron-based FirstMerit was announced earlier this year. The bank previously announced it was proposing to close 107 Huntington and FirstMerit branches in five states as part of the merger.

Huntington’s acquisition of FirstMerit grows the company to about $100 billion in assets. It makes it the largest bank in Ohio by deposits, with nearly 1,000 branches across Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, West Virginia, and Wisconsin.

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The bank said both Huntington and FirstMerit customer relationships will continue as business as usual through the remainder of the year. Customers will be informed about pending branch closures and consolidations and account conversions in 2017.

First Published August 17, 2016, 4:00 a.m.

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