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New Deal


Announced

Completed

Huntington Bancshares completed the merger with TCF Financial in a $6.1bn deal.

Financials

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Transaction Value£4,477m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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Huntington Bancshares, a regional bank holding company, completed the merger with TCF Financial, a Michigan-based financial holding company, in a $6.1bn deal. "This merger combines the best of both companies and provides the scale and resources to drive increased long-term shareholder value. Huntington is focused on accelerating digital investments to further enhance our award-winning people-first, digitally powered customer experience. We look forward to welcoming the TCF Team Members. Together we will have a stronger company better able to support our customers and drive economic growth in the communities we serve," Stephen D. Steinour, Huntington Bancshares Chairman, President and CEO. On March 25, 2021; Huntington and TCF Financial shareholders approve the $6.1bn merger. On May 25, 2021; Huntington and TCF announce the receipt of all approvals for the $6.1bn merger.

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