Huntington Announces the Acquisition of Archer-Meek-Weiler Insurance Agency
COLUMBUS, Ohio, Oct. 2 /PRNewswire-FirstCall/ -- Huntington Bancshares Inc. (Nasdaq: HBAN) announced today the acquisition of Archer-Meek-Weiler Agency, Inc., Columbus, Ohio. Archer-Meek-Weiler is a full-service agency that sells personal and commercial insurance as well as group benefits.
Archer-Meek-Weiler was merged with and into Sky Insurance, Inc., Huntington Bancshares' insurance agency affiliate, effective today. Terms of the deal were not disclosed.
Representing over $60 million in premium volume and 40 employees, Archer- Meek-Weiler is the largest independent agency in Columbus, Ohio with a rich history dating back to 1909. It is anticipated that all employees currently working at Archer-Meek-Weiler will be retained by Sky Insurance and will remain in the Columbus, Ohio area.
"Archer-Meek-Weiler is a highly respected agency that has served clients in the Central Ohio area very well," said Jerry Batt, President of Sky Insurance. "They will not only add expertise to our organization, but they will help us develop our strategy to expand client relationships within Huntington's Central Ohio Region, where there is already a strong banking presence."
"Our team is extremely excited to become part of the Huntington family through Sky Insurance," stated Steve Weiler, co-Chairman of Archer-Meek- Weiler. "Sky Insurance has a track record of growing successfully."
Co-Chairman Alan Weiler added, "Huntington and Sky Insurance are first- class corporate citizens and will be great partners for us in the future. We are thrilled to be joining the team and now have access to a wealth of financial expertise to provide even greater service to our clients."
Huntington Bancshares Incorporated is a $54 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 141 years of serving the financial needs of its customers. Huntington provides innovative retail and commercial financial products and services through over 600 regional banking offices in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. Huntington also offers retail and commercial financial services online at huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of nearly 1,400 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Arizona, Florida, Georgia, Nevada, New Jersey, New York, North Carolina, South Carolina, and Tennessee; Private Financial and Capital Markets Group offices in Florida; and Mortgage Banking offices in Maryland and New Jersey. Through Sky Insurance, Huntington offers retail and commercial insurance agency services, through offices in Ohio, Pennsylvania, Michigan, Indiana, and West Virginia. International banking services are made available through the headquarters office in Columbus, a limited purpose office located in the Cayman Islands, and another located in Hong Kong. The company is located on the web at http://www.huntington.com .
SOURCE Huntington Bancshares Inc.
Released October 2, 2007