Terms of the deal were not disclosed, but Huntington will get $500 million in deposits from the most recent deal, the April purchase covered $450 million in customer accounts, Bloomberg reports.
Huntington has been working to grow its branches in the Michigan market since 2009 when it purchased deposits of Warren Bank and continued in 2012 with the acquisition of Fidelity Bank.
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Bank of America is selling the Michigan branches as part of its effort to cut costs.
Shares of Bank of America are down -1.00% to $14.88 and Hunting's shares are down -1.81% to $9.20 on Wednesday.
TheStreet Ratings team rates BANK OF AMERICA CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BANK OF AMERICA CORP (BAC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."