If you bought or acquired shares of Huntington Bancshares (HBAN), Silver Law Group may be able to recover your investment losses. Contact us at 800-975-4345 for a no-cost consultation.
TCF Financial, Huntington Bancshares Merge
In 2021 TCF Financial merged into Columbus, Ohio-headquartered Huntington Bancshares in a $22 billion deal to become the second-biggest bank in Michigan with 300 offices. They are also a top 25 bank in the U.S with $143 billion total deposits and $174 billion in assets.
The new bank uses the Huntington Bancshares name and stock symbol HBAN. Huntington now has commercial banking operations headquartered in Detroit and consumer banking based in Columbus.
Owners of TCF common stock received about 3 shares of Huntington Bancshares common stock. TCF merged with Huntington a year and a half after it merged with Chemical Financial Corp.
After the collapse of Silicon Valley Bank in March, 2023, concern grew about the security of the deposits in regional banks. Huntington Bancshares stock closed at $14.44 per share on March 8, 2023. On March 13, 2023 the stock closed at $11.49/share, a drop of 20%.
The stock has continued to fall. As of this writing in May, 2023, the stock trades at about $10.50 per share.
Silver Law Group is investigating whether Huntington Bancshares omitted material information or made false or misleading statements to investors.
Do You Own Huntington Bancshares (HBAN) Stock?
Silver Law Group is a nationally-recognized law firm whose attorneys represent victims of securities and investment fraud nationwide and internationally in class action lawsuits against issuers in state and federal court, and in arbitration claims in cases of stockbroker misconduct.
Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. Contact us for a consultation at no-cost at ssilver@silverlaw.com or call (800) 975-4345.