EXHIBIT 5 PORTER, WRIGHT, MORRIS & ARTHUR ATTORNEYS AND COUNSELORS AT LAW 41 SOUTH HIGH STREET COLUMBUS, OHIO 43215-6194 Telephone: 614-227-2000 Fax: 614-227-2100 June 27, 1997 Huntington Bancshares Incorporated 41 South High Street Columbus, Ohio 43287 Re: Acquisition of First Michigan Bank Corporation Ladies and Gentlemen: With respect to the Registration Statement on Form S-4 (the "Registration Statement") to be filed by Huntington Bancshares Incorporated ("Huntington") with the Securities and Exchange Commission relating to the registration of 34,000,000 shares of Huntington's common stock, without par value (the "Stock"), to be issued in connection with the proposed merger (the "Merger") of First Michigan Bank Corporation, a Michigan corporation ("First Michigan"), into Huntington, we advise you as follows: We are counsel for Huntington have participated in the preparation of the Registration Statement. We have reviewed the Agreement and Plan of Merger and related Supplemental Agreement, dated May 5, 1997, between Huntington and First Michigan (the "Merger Documents"), Huntington's Articles of Restatement of Charter, Huntington's Bylaws, the corporate action taken to date in connection with the Registration Statement and the issuance and sale of the Stock, and such other documents and authorities as we deem relevant for the purpose of this opinion. Based upon the foregoing, we are of the opinion that: (a) upon the proper approval of the Merger Agreement by the shareholders of First Michigan and Huntington; (b) upon the approval of the Merger by the Board of Governors of the Federal Reserve System and the expiration of all applicable waiting periods; (c) upon compliance with the Securities Act of 1933, as amended, and with the securities or "blue sky" laws of the states in which the Stock is to be offered for sale; and (d) upon the "Effective Time," as defined in the Merger Documents; the Stock, when issued and delivered as provided in the Merger Agreement in accordance with the resolutions heretofore adopted by the Board of Directors of Huntington, will be legally issued, fully paid, and nonassessable. We consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name under the caption "Legal Opinions" in the Prospectus included in the Registration Statement. Very truly yours, /s/ PORTER, WRIGHT, MORRIS & ARTHUR PORTER, WRIGHT, MORRIS & ARTHUR