Huntington Bancshares buys more Michigan branches from BofA

|About: Huntington Bancshares In... (HBAN)|By:, SA News Editor

Huntington Bancshares (HBAN -1.4%) continues to boost its Michigan presence with an agreement to buy 13 Bank of America (BAC -0.3%) branches which follows a recent deal for the purchase of another 11 branches in the state.

The 13 branches bring with them about $500M in deposits (no loans), and the deposit premium is 3.5%.