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Huntington Bancshares to buy TCF Financial for $6 billion BLOOMBERG A Huntington Bank branch Huntington Bancshares Inc. will acquire TCF Financial Corp. in an all-stock deal valued at almost $6 billion, one of the largest regional bank tie-ups this year. The merger will boost Columbus-based Huntington s assets to about $168 billion, nudging it closer to in-state competitors Fifth Third Bancorp and KeyCorp. The price is about 11% higher than TCF Financial s closing level Friday, Dec. 11, according to the company. Huntington, with a market value of $13.1 billion and $120 billion in assets, operates a network with 839 branches across seven Midwest states, the company which has a big presence in Akron said in a statement Sunday, Dec. 13. TCF Financial, based in Detroit, was worth $5.3 billion as of Friday, with $48 billion in assets. It has a 475-branch network in states including Michigan, Illinois and Minnesota.

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