Huntington Bancshares Completes Acquisition of FirstMerit
Huntington Bancshares acquired FirstMerit and is now operating as one company. The acquisition increases Huntington Bank’s assets to approximately $100 billion.
Huntington Bancshares acquired FirstMerit and is now operating as one company. The acquisition increases Huntington Bank’s assets to approximately $100 billion.
FirstMerit Bank closed a new $6.5 million revolving loan and capital expenditure facilities to Drexel Metals.
U.S. Secretary of Commerce Penny Pritzker presented FirstMerit Bank with the President’s E Award for Export Service.
FirstMerit Bank Business Credit announced closing a $10 million revolving credit loan facility to IMEX Global Solutions. The proceeds refinanced existing debt and provided growth capital.
Launching an ABL group in the face of the worst recession since the Great Depression proved to be a rewarding challenge for industry veteran Douglas Winget, president of FirstMerit Bank Business Credit. Starting in Q1/09, Winget has successfully developed the ABL’s strategy, management team, territory and originations, and its pipeline for the remainder of 2011 is stronger than it’s ever been.