Displaying items by tag: Huntington Bank

Tuesday afternoon a man walked into the PNC Bank at 181 Massillon Road, armed with a knife, demanding money. He jumped the counter and proceeded down the line of tellers, taking money from each of the cash drawers and stuffing it into a backpack he was wearing on his chest. 

After the robbery, the suspect got into a black Chevy Malibu and drove away from the bank. 

Not too long after the robbery, Akron Police Officers spotted the Malibu pulling into a parking lot in the 500 block of Sherman Street. That's when they arrested 22-year-old Darrion L. Powers (pictured) of Akron, who is now charged with armed robbery and more. 

Addiitonally, Police Detectives charged Powers in connection to the January 4th robbery of the Huntington Bank on South Arlington Street. Both robberies played out the same. 

Powers has been booked in the Summit County Jail, and according to Akron Police Lt. Rick Edwards' press release, he's likely responsible for several other robberies in Cuyahoga Falls. So far he's charged with two counts of aggravated robbery. 

Huntington Bank is closing 70 branches across the nation, including 30 in Ohio, several around Akron.

No word yet on when or how many employees will be affected.

Below is the full list of Northeast Ohio branches that will be closing: 

Ashtabula County:
260 East Main St., Andover
888 Lake Ave., Ashtabula
6254 S. Main St., North Kingsville

Cuyahoga County:
10717 Lorain Ave., Cleveland
22595 Lake Shore Blvd., Euclid
1330 Som Center Road, Mayfield Heights
25775 Lorain Road, North Olmsted

Lake County:
2700 N. Ridge Road, Painesville

Lorain County:
565 Abbe Road S., Elyria
5252 Detroit Road, Sheffield

Medina County:
1296 Ridge Road, Hinckley
1105 S. Court St., Medina
950 High St., Wadsworth

Summit County:
840 Brittain Road, Akron
4160 Cleveland-Massillon Road, Norton

Stark County:
210 South Wabash Ave., Brewster
2021 Mahoning Road, N.E., Canton
2112 Lincoln Way NW, Massillon

Columbus-based Huntington Bank is adding more jobs to the footprint it took over with the addition of the former First Merit Bank. The addition of 100 more jobs to the already-existing Akron workforce of 1,100 will bring to 1,200 the Huntington employment based around the company's downtown headquarters off Cascade Plaza. The announcement was made by Huntington CEO Steve Steinour, local regional President Nick Browning and Mayor Dan Horrigan and includes more details of the package the City is using to not only help spur more investment by Huntington, but also to help improve the infrastructure around the bank. That includes improvements to Cascade Plaza and continued support by Huntington of it's operations center and work on the Cascade Hotel project, 

The State of Ohio is also kicking in $225,000 to be used for employee training. Hiring is expected to be completed by the end of the year.

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(Huntington Bank) Huntington Bank today renewed its commitment to Akron announcing plans for workforce employment of 1,200 by the end of 2017 and a path to sustained and new local employment through 2022. 

Akron’s Mayor, Daniel Horrigan joined Huntington’s CEO, Steve Steinour, and Akron Regional President, Nick Browning, today at Huntington’s downtown office complex at Cascade Plaza for the company’s announcement of its local employment plans. As part of the merger with FirstMerit in 2016, Huntington committed to prioritize sustained levels of Akron employment. In doing so, Huntington has retained a current Akron workforce of more than 1,100 employees, will increase overall employment within the city to 1,200 by the end of the year, and is incentivized to continue employment expansion in Akron.

“From day one, the city of Akron provided a warm welcome to Huntington. We couldn’t succeed here without the community’s trust and support, and we’re proud to meet our commitment to grow jobs in Akron,” said Steinour. “The Mayor, the city and JobsOhio are outstanding partners who helped us deliver job growth in an important operations hub for Huntington. As we continue to grow, we remain committed to finding meaningful ways to demonstrate our passion for helping people and making lives better in Northeast Ohio.” 

“Today marks a key milestone in our partnership with Huntington. With this agreement, Huntington has proven its commitment to the ongoing stability and economic success of the Akron community, and has demonstrated that Akron plays a key role in its future,” Mayor Horrigan said of the announcement. “By growing jobs here, Huntington will support our citywide goals of increasing our population and ensuring robust employment opportunities for our residents. I thank Huntington for being a valued corporate citizen and look forward to working together toward our shared growth and success.”

As further support for Huntington’s employment growth in Akron, JobsOhio is also providing $225,000 in grant funding in support of new employee training and onboarding costs. “Huntington had many options on where to place a new regional headquarters, and Huntington chose Akron,” said Valentina Isakina, JobsOhio managing director for financial services. “This commitment demonstrates the growing recognition of the talent quality in Northeast Ohio, and JobsOhio is pleased to support another project that helps grow this talent in the state.”  

Building improvements 

As part of the agreement, Huntington and the city have undertaken and plan many improvements to Cascade Plaza and its buildings complex. The city will replace and upgrade Cascade Plaza parking deck lighting and improve directional parking signage. The city also will restore Cascade Plaza’s back stairs overlooking Quaker Street as part of overall restoration plans for Cascade Plaza Hotel, which also may include construction of an access road from Bowery Street to the hotel. 

Huntington has invested more than $5 million in completed or ongoing improvements at its operations center at 295 FirstMerit Circle, 3 Cascade Plaza and Huntington Tower. Improvements include temporary call center expansion at 3 Cascade Plaza and long-term call center expansion at 295 FirstMerit Circle. Huntington also installed building signage atop Huntington Tower and on 3 Cascade Plaza in May. 

”Partnering with local government, supporting a robust and talented local workforce and maintaining vibrant buildings where we our colleagues and customers live and work are among the many ways Huntington invests in our local Akron community,” said Browning.  

 

The FirstMerit Bank and Huntington Bank merger is wrapped up and ready to go for Tuesday morning. 

The banks closed Saturday and remained closed for the President's Day holiday Monday to finalize the computer switch-over and replace signage at FirstMerit branches that will remain open as Huntington branches. 

According to the bank, customers will have full access to their account via ATMs, online, and in person, beginning Tuesday. New account and routing numbers will also be available Tuesday morning online and via the mobile Huntington banking app. If customers have received their new Huntington ATM cards, they can begin using them starting Monday. Once the new cards are activated, the old FirstMerit cards will stop working, according to the bank. 

The following is a list of the branches that will be closing and those that will remain open: 

CLOSING

•  Huntington, 3630 Center Road, Brunswick
•  Huntington, Medina West, 1065 N. Court St., Suite C, Medina
•  FirstMerit, 102 Main St., Wadsworth

STAYING OPEN

•  Huntington, Brunswick Town Center Giant Eagle, 3440 Center Road
•  Huntington, Wadsworth, 129 High St.
•  Huntington, Wadsworth Giant Eagle, 825 Ambassador Drive
•  FirstMerit, Brunswick Center, 1344 Pearl Road
•  FirstMerit, Hinckley Township, 1296 Ridge Road
•  FirstMerit, Lodi, 209 Wooster St.
•  FirstMerit, Medina, 39 Public Square
•  FirstMerit, Medina Extension, 125 W. Washington St.
•  FirstMerit, Medina, 975 N. Court St.
•  FirstMerit, Medina,1105 S. Court St.
•  FirstMerit, Montville Township, 3460 Medina Road
•  FirstMerit, Seville, 8 E. Main St.
•  FirstMerit, Great Oaks, 950 High St.,Wadsworth
•  FirstMerit, Wadsworth Crossing, 1081 Williams Reserve Blvd., Wadsworth

After being around the area since 1845, FirstMerit Bank is no more. Huntington Bancshares announced it would acquire FirstMerit, with branches officially being converted to Huntington by early 2017. So what does this all mean?

Stephen Steinour, president and CEO of Huntington, spoke with Ray Horner before his appearance at the Akron Roundtable. Steinour assured the listeners and customers that while both Huntington and FirstMerit were “doing well,” he believes the merger will make the company even stronger. He says both banks had very similar history and cultures, and the plans are to continue that tradition.

The Huntington CEO insists the company will “make a profound and lasting difference” in Akron, as they will invest $2 million a year for the next decade into the community.

The merger of Huntington Bank with Akron-based FirstMerit won't include 11 branches in Stark County.

The U.S. Department of Justice says those FirstMerit branches - along with two more in Ashtabula County - will be sold off as part of the pending approval of Huntington's $3.4 billion purchase of FirstMerit.

Huntington says it'll announce a buyer for those 13 branches after all the federal approvals of that sale are done.

The list of affected branches is linked below.

The overall deal is expected to be completed by the end of September.

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(U.S. Department of Justice, news release) The Department of Justice announced today that Huntington Bancshares Incorporated and FirstMerit Corporation have agreed to sell 13 branches in Northeast Ohio, with approximately $737.8 million in deposits, to resolve antitrust concerns that arose from Huntington's planned acquisition of FirstMerit. As a result of the acquisition, Huntington will become the largest bank in Ohio based on deposits.

Under their agreement with the department, the companies have agreed to divest two branches in Ashtabula County and 11 branches in Stark County, Ohio. The divested assets will include the deposits and loans associated with the divested branches. The companies have also agreed to suspend existing, and not to enter into new, non-compete agreements with their branch managers and loan officers located in Ashtabula County and Stark County, Ohio, for a period of 180 days following the consummation of their merger. Further, the companies have agreed to sell or lease branches closed within two years of the consummation of the merger in Ashtabula County or Stark County, Ohio, to FDIC-insured depository institutions offering deposit and credit services to small businesses.

"Families and small businesses rely on banks in their communities to keep their money safe and provide them credit for important purchases and investments," said Principal Deputy Assistant Attorney General Renata Hesse of the Justice Department's Antitrust Division. "Today's settlement protects banking customers in Ashtabula County and the Greater Canton area by ensuring that they continue to have access to competitively priced banking products."

The proposed merger is subject to the final approval of the Board of Governors of the Federal Reserve System. The department said that it will advise the Federal Reserve Board that it will not challenge the merger provided that: the parties divest the branch offices, associated loans and deposits and the entire customer relationships associated with the divestiture branches; the parties commit to the Federal Reserve Board that they will comply with the agreement with the department; and the parties' commitments to the department are included as a condition to any order the Federal Reserve Board enters allowing the transaction.

Huntington is the holding company of The Huntington National Bank, Columbus, Ohio, with approximately $73 billion in assets. Huntington operates more than 750 branches and 1,500 ATMs in Ohio, Indiana, Kentucky, Michigan, Pennsylvania and West Virginia. Huntington specializes in full-service commercial, small business, and consumer banking services, as well as services ranging from mortgage banking to equipment leasing.

FirstMerit is the holding company of FirstMerit Bank, N.A., Akron, Ohio, with approximately $26.1 billion in assets. With about 370 branches and 400 ATMs in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin, FirstMerit provides a large range of banking and other financial services to consumers and businesses.

20 FirstMerit and Huntington Bank branches in the Akron/Canton area will close as a part of Huntington buying the Akron-based FirstMerit.

According to the Beacon Journal, six FirstMerit branches will close, in Stow, Wadsworth, Streetsboro, Hartville and Rittman.

The notice lists 14 existing Huntington branches that will close in the area, including in Akron, Canton, Cuyahoga Falls, Green, Kent, North Canton, Medina, Hudson, Canal Fulton, Macedonia, Brunswick, and Wooster.

The banks have a number of branches that are near each other.

The newspaper reports that combined Huntington-FirstMerit operation will close 107 branches in the combined network, and will have "about 1,000 branches" remaining overall.

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On the Web: Akron Beacon Journal, www.ohio.com

 

 

News broke late Monday night that FirstMerit Bank will soon merge with Huntington, though not for another six months. The headquarters for FirstMerit Corporation is located in downtown Akron, and, after the merger with Columbus’s Huntington, it will create the largest bank in the state of Ohio.

This came as a shock to many local residents and even politicians, where many jobs and branches will soon be affected. Summit County executive Russ Pry and Akron mayor Dan Horrigan called into the Ray Horner Morning Show to share their thoughts on FirstMerit’s history in Akron and their commitment to the community, as well as what Huntington has in store going forward.

We're learning more about Huntington Bancshares acquisition of Akron-based FirstMerit.

In a Tuesday morning media conference call, the top executives at FirstMerit and Huntington gave a little more insight as to what happens next in the $3.4 billion deal that's expected to receive the final approval later this year.

FirstMerit CEO Paul Greig says the driving force for the move was in the best interest of shareholders.

"That was the driving motivation to enter into this partnership, but I want to stress that there is nothing Akron could've done to change the course of this action or Summit County," said Greig.

Officials said branch employees will be offered a job, but details as to how many branches may close or what will happen to those working at FirstMerit's headquarters in Akron has yet to be released.

"Our objective is to do it right," said Huntington Bank CEO Steve Steinour. "There are notices that will be provided to customers, either 60 or 90 days, before any branch consolidations occur."

There area about 1,200 FirstMerit employees, including those at the bank's headquarters in Akron. Huntington's headquarters are based in Columbus.