owned bank firm with offices in Marietta, Belpre and Vienna has been purchased by a
central Ohio banking corporation.
Bancshares Incorporated of Columbus and Camco Financial Corporation, parent
company of Cambridge-based Advantage Bank, announced this morning the signing
of a definitive agreement under which Huntington will acquire Camco in a cash
and stock transaction.
As of June 30, Camco
operated 22 banking offices, mostly in eastern Ohio. Locations in our area
include Third Street and the Lafayette Center in Marietta; Washington Boulevard
in Belpre; and Grand Central Avenue in Vienna. Camco lists $8 billion in total
assets and $6 billion in total deposits.
Steve Steinour, chairman, president and CEO of Huntington Bank,
said in a statement that Huntington is pleased to welcome the 55,000 customers
of Advantage Bank. He said those new customers will have access to some of the
highest rated customer service in the industry, which have helped to grow
Huntington’s customer base by more than 30 percent in the past three years.
is expected to be completed in the first half of 2014.
Bancshares is a $56 billion regional bank holding company,
headquartered in Columbus, founded in 1866. Its principle markets are in Ohio,
Michigan, Pennsylvania, Indiana, Kentucky, and West Virginia.
Huntington already owns
one facility in the Parkersburg-Marietta metro - a banking center at Fifth and Market streets in