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Huntington and TCF coming together creates a Top 10 U.S. regional bank with scale to compete and to sustain revenue growth
opportunities to win in a competitive, low-rate environment.
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The combined company will benefit from experienced leaders with shared vision, strong cultural fit, and successful integration track
records. Huntington was attracted to TCF because of the quality of its management team and employees.
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Our values and culture align. Both companies equally share an operating philosophy that focuses on looking out for colleagues, customers and communities. And both companies share a commitment to diversity, equity and
inclusion, where “Welcome” means welcome to all.
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Our shared commitment to our customers will continue. The combined company will be stronger together and better able to serve more people and businesses throughout our
local communities.
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The combined company will have $168B in assets, $134B in total deposits and $117B in gross loans and leases, and will operate across an 11-state regional footprint.
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This transformational merger will deliver best-in-class financial performance expected to achieve top quartile metrics after integration and be accretive to earnings in
2022.
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Together we have the scale to both invest in growth and provide attractive returns to shareholders.
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This merger accelerates and increases our ability to invest in mobile and digital innovation to enhance customer experience
building the leading “People-First, Digitally-Powered” bank.
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This merger expands our presence in vibrant markets with top five deposit rank in 70% of combined MSAs. In the Midwest, we
will be #1 in branches, #2 in consumer deposits and #3 in total deposits with broader distribution and unparalleled density to leverage the
power of our brand.
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We will be a leading bank in attractive markets and be a major economic force in Michigan and Ohio, with increased scale in
Chicago, and the attractive new markets of Minneapolis and Denver.
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The combined company will have dual headquarters for banking operations. The Commercial Bank headquarters will be in
Detroit, and the headquarters for the Consumer Bank and holding company will be in Columbus.
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Together, we will have an enhanced product suite, added customer conveniences, scalable infrastructure, and broader geographic reach leading to sustainable revenue growth.
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Both TCF and Huntington have strong consumer, business banking and vehicle franchises, along with private banking and investment businesses.
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Combined markets will benefit from even larger-scale Small Business Administration lending leveraging Huntington’s
leadership as the #1 SBA lender nationally and within our footprint.
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The combined company will have specialized, national commercial business lines and all customers will have access to Huntington’s suite of products and capabilities to grow their business.
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We both understand and serve the unique needs of our local communities. We share a strong commitment of creating innovative partnerships to advance our local communities.
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