Key Developments For Huntington Bancshares Incorporated
Huntington Bancshares Incorporated (HBAN.O) (Nasdaq)
CORRECTION OFFICIAL - Huntington Bancshares Inc. Declares Quarterly Cash Dividends on Its Preferred Stock
CORRECTED TO READ "The dividend is payable January 15, 2010"... instead of "The dividend is payable January 15, 2009"... in the body Huntington Bancshares Inc. announced that the Board of Directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock of $21.25 per share. The dividend is payable January 15, 2010, to shareholders of record on January 1, 2010.
Huntington Bancshares Inc. Declares Quarterly Cash Dividends On Common Stock
Huntington Bancshares Inc. announced that the Board of Directors has declared a quarterly cash dividend on its common stock of $0.01 per common share. The dividend is payable January 4, 2010, to shareholders of record on December 18, 2009.
Huntington Bancshares Inc. Assumes All Deposits of Warren Bank in Macomb County, Michigan
Huntington Bancshares Inc. announced that its subsidiary, The Huntington National Bank, has assumed all deposits (about $400 million) of Warren Bank located in Macomb County, Michigan from the Federal Deposit Insurance Corporation (FDIC). Huntington also has the right to purchase any of Warren Bank's six banking offices. Huntington has not acquired any of Warren Bank's loans. Effective October 3, 2009, all of the Warren Bank banking offices will open as Huntington banking offices.
Huntington Bancshares Inc. Prices $400 Million Common Stock Offering
Huntington Bancshares Inc. announced that it priced an offering of 95.2 million shares of its common stock at a price to the public of $4.20 per share, or $400.0 million in aggregate gross proceeds. Underwriters will have a 30-day option to purchase up to an additional 14.3 million shares of common stock from Huntington. Goldman Sachs & Co. is acting as bookrunning manager for the offering with Sandler O'Neill & Partners, L.P. acting as co-manager.
Huntington Bancshares Inc. Announces $350 Million Public Offering of Common Stock And Completion of Current Discretionary Equity Issuance Program
Huntington Bancshares Inc. announced that it has commenced a public offering of $350 million of its common shares. It also announced that its discretionary equity issuance program launched September 9, 2009, which resulted in the issuance of 35.7 million shares worth $150 million at an average price of $4.20 per share, is now complete. This brings our total shares of common stock outstanding as of September 16, 2009, to 604.8 million shares.
