Huntington buys Advantage Bank parent to grow in southeastern Ohio


October 10, 2013

Huntington Bancshares will buy the parent company of Cambridge, Ohio-based Advantage Bank, Camco Financial, in a cash and stock transaction worth about $97 million.

The purchase allows Huntington to expand into southeast Ohio, where Camco operates 22 offices.

Camco has $800 million in total assets with $600 million in total deposits.

The purchase is expected to be completed in the first half of 2014, subject to regulatory approval and the approval of shareholders of Camco Financial, Huntington said in a statement today.