Huntington Bancshares announced that it has completed its merger of Camco Financial, parent company of Advantage Bank, based in Cambridge, OH.

The simultaneous closing and conversion were completed successfully with the Advantage banking offices having opened March 3, 2014 as Huntington branches.

“We are extremely pleased to welcome the more than 55,000 customers of Advantage Bank to Huntington,” said Stephen D. Steinour, chairman, president and CEO of Huntington Bank. “With the addition of nine new branches, former Advantage customers and long-time Huntington customers will enjoy more convenience and accessibility from Cambridge to Cincinnati.”

Shareholders accounting for approximately 88% of Camco shares outstanding elected to receive Huntington common stock in the transaction. Because the merger agreement provides that 80% of the outstanding Camco shares will be converted into Huntington common stock shareholders who validly elected the stock consideration will receive a portion of the merger consideration in the form of Huntington stock, with the remainder in cash, shareholders who validly elected the cash consideration will receive all cash in the merger, and all shareholders who failed to make a valid election will receive cash in the merger.