Company Website:
http://www.huntington.com
COLUMBUS, Ohio -- (Business Wire)
Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com)
announced it has submitted redemption notices to the trustee for each
trust listed below, which will result in the redemption of all of the
trust preferred securities identified below on the date specified. The
trust preferred securities will be redeemed at the redemption price (as
a percentage of the liquidation amount) plus accrued and unpaid
distributions to the redemption date.
These redemptions will be funded from the Company’s existing cash.
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Title and Issuer of
Securities
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Outstanding as of
June 30, 2012
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Coupon
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Maturity
Date
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Redemption
Price
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Redemption
Date
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Sky Financial
Capital Trust II
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$30,000,000
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3.41%(1) |
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10/8/2033
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100%
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10/8/2012
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Prospect Trust I
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$6,000,000
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3.71%(2) |
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4/7/2033
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100%
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10/7/2012
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(1) Variable effective rate at June 30, 2012, based on three month LIBOR
+ 2.95
(2) Variable effective rate at June 30, 2012, based on three month LIBOR
+ 3.25
About Huntington
Huntington Bancshares Incorporated is a $57 billion regional bank
holding company headquartered in Columbus, Ohio. The Huntington National
Bank, founded in 1866, provides full-service commercial, small business,
and consumer banking services; mortgage banking services; treasury
management and foreign exchange services; equipment leasing; wealth and
investment management services; trust services; brokerage services;
customized insurance brokerage and service programs; and other financial
products and services. The principal markets for these services are
Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania,
Indiana, West Virginia, and Kentucky. The primary distribution channels
include a banking network of over 680 traditional branches and
convenience branches located in grocery stores and retirement centers,
and through an array of alternative distribution channels including
internet and mobile banking, telephone banking, and over 1,350 ATMs.
Through automotive dealership relationships within its six-state banking
franchise area and selected other Midwest and New England states,
Huntington also provides commercial banking services to the automotive
dealers and retail automobile financing for dealer customers.
Contacts:
Huntington Bancshares Incorporated
Investors
Todd
Beekman, 614-480-3878
Todd.Beekman@huntington.com
or
Media
Maureen
Brown, 614-480-5512
Maureen.Brown@Huntington.com
Source: Huntington Bancshares Incorporated
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