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MICHIGAN CITY, Ind., May 25, 2021 (GLOBE NEWSWIRE) Horizon Bank, a wholly owned subsidiary of Horizon Bancorp, Inc. (NASDAQ GS: HBNC) (“Horizon”), has entered into a definitive purchase and assumption agreement to acquire 14 TCF National Bank (“TCF”) branches in 11 Michigan counties with approximately $976 million in deposits and $278 million in associated loans, which are being divested by TCF Financial Corporation in connection with its merger with Huntington Bancshares Incorporated.
“We are excited to welcome Horizon Bank’s newest employees and customers and introduce them to our record of exceptional service to consumers, small businesses, non-profits and municipalities across Michigan and Indiana,” Chairman and CEO Craig M. Dwight said. “This financially and strategically attractive transaction is a logical extension of our efficient retail franchise, which is designed to further enhance our low-cost core deposit and funding capab
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Huntington, TCF Announce Receipt Of All Required Regulatory Approvals For Pending Merger
Announce buyer in pending divestiture of 14 TCF branches
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COLUMBUS, Ohio and DETROIT, May 25, 2021 /PRNewswire/ Huntington Bancshares Incorporated (Nasdaq: HBAN; Huntington ) and TCF Financial Corporation (Nasdaq: TCF; TCF ) jointly announced that the Board of Governors of the Federal Reserve System (the Federal Reserve Board ) and the Office of the Comptroller of the Currency, with input from the United States Department of Justice s Antitrust Division (the DOJ ), have approved the proposed merger of Huntington and TCF and of The Huntington National Bank and TCF National Bank.
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It s Not Just Soaring Inflation: Here Are The 4 Main Themes On This Quarter s Earnings Calls
by Tyler Durden
Friday, May 07, 2021 - 03:13 PM
By now everyone - except a very special group of idiots residing at the Marriner Eccles building and their media propaganda lackeys - is aware that inflation in the US is soaring to the point where some such as BofA, are speculating that the US is facing a period of transitory hyperinflation (if BofA is right it would be remarkable, as it would be the first ever case in human history of transitory hyperinflation that does not result in a monetary reset).