(WXYZ) — Huntington Bank and will close nearly 200 branches ahead of a planned merger with TCF Bank, Huntington confirmed to 7 Action News.
Of those planned locations, 97 will be in-store branches at Meijer locations that will happen after the merger is completed and gets regulatory approval this spring.
Branches for both companies were assessed for traffic patterns, and Huntington said any branch that is closed will have a traditional, existing Huntington branch nearby.
Thank you for contacting Huntington. Yes, those numbers are correct. Both companies’ branches have been assessed for customer traffic patterns, transaction trends and proximity to nearby locations. All of these branches that are consolidating have an existing traditional Huntington branch very nearby.
In December, Huntington and TCF announced the merger in a $22 billion deal.
Under the merger, Huntington will take over TCF, meaning the Michigan-based bank will lose its name.
According to the company, they will operate under the Huntington name. The headquarters for the commercial bank will be in Detroit, and there will be around 800 employees working in Downtown Detroit. A new headquarters is under construction on Woodward Ave. near the Fox Theatre across from Comerica Park. A second headquarters for the holding company and consumer bank will be located in Columbus, Ohio.