Huntington Bancshares Incorporated / Unizan Financial Corp. Merger Closing Will Likely be Delayed Beyond Early July
16 Juin 2004 - 11:30PM
PR Newswire (US)
Huntington Bancshares Incorporated / Unizan Financial Corp. Merger
Closing Will Likely be Delayed Beyond Early July COLUMBUS, Ohio,
June 16 /PRNewswire-FirstCall/ -- Huntington Bancshares
Incorporated (NASDAQ:HBAN) and Unizan Financial Corp. (NASDAQ:UNIZ)
today announced that the closing of their merger will likely be
delayed beyond the early July targeted closing date. The Federal
Reserve Board has informed Huntington that it is extending its
review period to coordinate further with the staff of the
Securities and Exchange Commission regarding the SEC's ongoing
formal investigation of Huntington and to complete its review of
the Community Reinvestment Act aspects of the merger. Huntington
continues to cooperate with the regulators in an effort to conclude
the review process as expeditiously as possible. Although no new
targeted closing date has been set, Huntington and Unizan intend to
close the merger as soon as possible following the receipt of all
necessary regulatory approvals. About Huntington Huntington
Bancshares Incorporated is a $31 billion regional bank holding
company headquartered in Columbus, Ohio. Through its affiliated
companies, Huntington has more than 138 years of serving the
financial needs of its customers. Huntington provides innovative
retail and commercial financial products and services through more
than 300 regional banking offices in Indiana, Kentucky, Michigan,
Ohio and West Virginia. Huntington also offers retail and
commercial financial services online at http://www.huntington.com/
; through its technologically advanced, 24-hour telephone bank; and
through its network of nearly 700 ATMs. Selected financial service
activities are also conducted in other states including: Dealer
Sales offices in Florida, Georgia, Tennessee, Pennsylvania and
Arizona; Private Financial Group offices in Florida; and Mortgage
Banking offices in Florida, Maryland and New Jersey. International
banking services are made available through the headquarters office
in Columbus and additional offices located in the Cayman Islands
and Hong Kong. About Unizan Unizan Financial Corp., a $2.8 billion
holding company, is a premier financial services organization
headquartered in Canton, Ohio. The company operates 43 full-service
retail financial centers in five metropolitan markets in Ohio --
Canton, Columbus, Dayton, Newark and Zanesville. Through Unizan
Financial Corp.'s subsidiaries, Unizan Bank, National Association;
Unizan Financial Services Group, National Association; Unizan Banc
Financial Services, Inc.; and Unizan Financial Advisors, Inc., the
company offers its client base corporate and retail banking,
Internet banking and wealth management products and services.
Additionally, the company operates niche businesses in government
guaranteed loan programs through its business lending centers in
Cincinnati, Cleveland, Columbus and Dayton, Ohio; Detroit,
Michigan; Mt. Arlington, New Jersey; and Indianapolis, Indiana; as
well as aircraft lending centers in Columbus; Orlando, Florida; and
Sacramento, California. For more information on Unizan Financial
Corp. and its subsidiaries, visit the company on the Web at
http://www.unizan.com/ . Forward-looking Statement This press
release contains certain forward-looking statements, including
certain plans, expectations, goals, and projections relating to the
timing of the Huntington / Unizan merger, which is subject to
numerous assumptions, risks, and uncertainties. Actual timing could
differ materially from that stated for a variety of factors
including actions by the Federal Reserve Board or the Securities
and Exchange Commission. All forward-looking statements included in
this news release are based on information available at the time of
the release. DATASOURCE: Huntington Bancshares Incorporated
CONTACT: Media, Jeri Grier-Ball, +1-614-480-5413, or Analysts, Jay
Gould, +1-614-480-4060, or Susan Stuart, +1-614-480-3878, all of
Huntington Bancshares Incorporated; or Media, Sandy Upperman,
+1-330-438-4858, or Analysts, Roger Mann, +1-330-438-1118, both of
Unizan Financial Corp. Web site: http://www.huntington.com/
http://www.unizan.com/
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