Huntington Bancshares Inc. acquired Camco Financial Corp. to increase its presence in the strong Utica shale play areas
Friday, October 25, 2013
by Matt Warnock
Huntington Bancshares Inc. CEO Steve Steinour said the Columbus-based company's acquisition of Camco Financial Corp. will afford his company "yet another stake in the gas-rich Utica shale ground," Columbus Business First reports (See our Oct 15, 2013, blog post for more information). Camco is based in Cambridge in Guernsey County – a major area for the Utica shale play and a place where Huntington has no presence. Camco's asset Advantage Bank, however, "holds a market-leading $165 million in customer deposits" there. For more, read the full story.