Huntington boosts Michigan footprint

• Huntington Bancshares (NASDAQ:HBAN) agrees to buy 11 branches in central and eastern Michigan, increasing its branch total in the state to 173, including 80 in the eastern region.
• Total deposits purchased is about $450M for a deposit premium of 3.5%. The deal is expected to close in H2, subject to the usual conditions and regulatory approvals.
• Press release