Displaying items by tag: First Merit Bank

FirstMerit Bank will sell 13 branches within Stark and Ashtabula counties to First Commonwealth Bank, the subsidiary of First Commonwealth Financial Corp. The announcement came Wednesday morning from Huntington Bancshares Inc. and FirstMerit Corp. 

The sale is part of the agreement reached with the U.S. Department of Justice to help resolve banking competition concerns on behalf of the department. 

FirstMerit and Huntington said 80 employees between the branches will join First Commonwealth following required regulatory approvals.

The banks have a combined $735 million in total deposits and $115 million in total loans as of May 31. Customers will be provided additional information on the branches that have been slated for divestiture, the statement said. The conversions are not expected to be completed by the end of the fourth quarter of 2016.

The following is a list of the branches that are affected:

Stark County: 

• 140 Lincoln Way West, Massillon
   
• 2704 Lincoln Way East, Massillon
   
• 5594 Wales Ave. Northwest, Massillon
   
• 100 Central Plaza South, Canton
   
• 1110 30th St. Northwest, Canton
   
• 2917 Whipple Ave. Northwest, Canton
   
• 3100 Atlantic Boulevard Northeast, Canton
   
• 308 E. Gorgas St., Louisville

• 6252 Middlebranch Ave. Northeast, North Canton
   
• 4555 Belden Village St. Northwest, Canton
   
• 2150 Locust St. South, Canal Fulton 
• Ashtabula County: 

• 4200 Park Ave., Ashtabula
   
• 22 W Jefferson St., Jefferson