Acquisitions
On December 20, 2006, Huntington Bancshares announced it would buy Sky Financial Group Inc. based in Bowling Green, Ohio. This merger was completed on July 1, 2007, although Sky branches did not change their branding until late September.
Huntington was one of the banks attempting, alongside Fifth Third Bank, to acquire the National City branches in the Pittsburgh region that the United States Department of Justice ordered sold when PNC Financial Services acquired National City. Huntington, which had entered the Pittsburgh market by way of the Sky acquisition, has been expanding in that market, and had considered the National City branches as a way to expand its market share. Ultimately, PNC sold the overlapping branches to First Niagara Bank.
On October 3, 2009, the Federal Deposit Insurance Corporation named Huntington as receiver of a $400 million deposit portfolio from the bank failure of Warren Bank in Warren, Michigan. On December 18, 2009, Huntington signed a 45-day lease with the FDIC to run a bridge bank for the failed Citizens State Bank in New Baltimore, Michigan.
Huntington acquired the tiny Savings Bank of Chillicothe, Ohio in the early 1980s, which only got notoriety in 2011 when 100-year-old June Gregg revealed to Huntington officials that her father had opened a savings account for her as a baby with Savings Bank in 1913 and had subsequently kept the account open to the present day. Huntington officials, after doing research on the account in question, later confirmed it and gave her account a temporary increase in her interest rate to 5% as a centenarian present for her 98-year loyalty to Huntington and the Chillicothe branch's predecessor, Savings Bank.
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