The Federal Reserve is giving the public more time to comment on Huntington Bancshares' agreement to buy FirstMerit in Akron, Ohio.
The Fed said Friday that it has extended the deadline to May 16 for submitting comments. The previous deadline was April 15.
"The comment period is being extended to allow interested persons more time to review and provide comments concerning the proposal," the Fed said in a news release.
-
More than half of the deals announced so far this year have involved sellers from the Midwest. Expect activity in the region to rise as more banks mimic Huntington Bancshares and Chemical Financial by becoming acquirers.
January 26 -
Peoples Bancorp in Prairie Du Chien, Wis., has agreed to buy four branches in Wisconsin from FirstMerit.
April 18 -
Huntington Bancshares has partnered with the owner of the NBA's Detroit Pistons to provide $25 million in financial support in Flint, Mich., in response to the city's drinking water crisis.
March 30 -
Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it completes its acquisition of FirstMerit.
March 10
The $73 billion-asset Huntington, in Columbus, Ohio, announced in January that it was
Since the deal was announced, the two companies have made a number of strategic moves involving community development and branch closures and sales.
Huntington teamed up with the owner of the Detroit Pistons to provide $25 million for
