FirstMerit Bank: Federal Reserve approves $3.4 billion Huntington, FirstMerit deal

Tom Henderson - The U.S. Federal Reserve Board on Friday approved the $3.4 billion acquisition by Columbus-Ohio-based Huntington Bancshares Inc. (Nasdaq: HBAN) of Akron, Ohio-based FirstMerit Corp. (Nasdaq: FMER). The approval for the deal, which was announced in January, came two days after FirstMerit announced it would sell 13 of its branches in Stark and Ashtabula counties in Ohio, with about $735 million in total deposits and $115 million in total loans, to First Commonwealth Bank, the banking subsidiary