Huntington Bancshares Inc. and TCF Financial Corp. jointly announced today that the Board of Governors of the Federal Reserve and the office of the Comptroller of the Current, with help from the Department of Justice Antitrust Division (DOJ), have approved the merger proposal between the two, along with The Huntington National Bank and TCF National Bank.
To satisfy commitments to the DOJ and the Federal Reserve Board, TCF National Bank will sell 14 banking centers in Michigan to Horizon Bank, owned by Michigan City, Ind.-based Horizon Bancorp Inc. The branches encompass approximately $975 million in total deposits and $275 million in total loans.
Both TCF and Horizon will be updating customers of the branches to be divested, which is expected to be completed by the end of the third quarter of 2021, subject to conditions including further regulatory approval and the completion of the Huntington and TCF merger.
The locations of the Michigan branches set to be divested:
- 144 W Huron Rd., Au Gres
- 125 N Michigan Ave., Big Rapids
- 1408 N Mitchell St., Cadillac
- 302 S Mitchell St., Cadillac
- 1425 Bridge St., Charlevoix
- 310 N Shiawassee, Corunna
- 211 W Main St., Fremont
- 521 W Main St., Gaylord
- 2500 S I-75 Business Loop, Grayling
- 7409 W Houghton Lake Dr., Houghton Lake
- 101 N Roland St.., McBain
- 2910 Jefferson Ave, Midland
- 1345 E M 21, Owosso
- 220 S Main St., Standish
TCF Financial Corp. is based in Detroit with 475 banking centers located around the Midwest. Huntington Bancshares Inc. is a regional bank holding company headquartered in Colombus, Ohio.