EXHIBIT 2(e)

               AGREEMENT NOT TO EXERCISE SHARE APPRECIATION RIGHTS


As an inducement to Huntington Bancshares Incorporated ("Huntington") to execute
and enter into the proposed merger agreement with First Michigan Bank
Corporation, each of the undersigned agrees that he will not exercise any
limited share appreciation rights provided under any option that he holds that
was granted pursuant to the First Michigan 1987 Stock Option Plan. This
agreement is executed solely as an inducement to Huntington to enter into the
merger agreement and without any payment, or expectation of payment, to the
undersigned of any consideration of any kind.



Dated:  May 5, 1997


 /s/ Stephen A. Stream                 /s/ David M. Ondersma
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Stephen A. Stream                      David M. Ondersma


 /s/ Larry D. Fredricks                /s/ Merle J. Prins
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Larry D. Fredricks                     Merle J. Prins