The merger of Ohio-based lenders Huntington Bancshares and FirstMerit has received the approval from shareholders of both companies.
As part of the deal, Akron-based FirstMerit will merge with a subsidiary of Columbus-based Huntington Bancshares, while FirstMerit subsidiary FirstMerit Bank will merge with and into The Huntington National Bank.
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The merger will create an entity with about $100bn in assets, which will operate across eight states in the Midwest.
The $3.4bn stock-cash deal was announced by the companies in January 2016. It is expected to be concluded by the third quarter of 2016, subject to regulatory approval.
Huntington chairman, president and CEO Stephen Steinour said: "Today marks an important milestone as we continue to proceed smoothly with the merger process of combining Huntington and FirstMerit. I am delighted that Huntington shareholders reacted positively to the opportunity that this partnership creates for the future combined company, and am looking forward to FirstMerit shareholders becoming Huntington shareholders when the merger is complete."
Huntington Bancshares is a $73bn asset regional bank holding company, operating from over 750 branches and 1,500 ATMs in six Midwestern states.
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By GlobalDataFirstMerit has 368 banking offices and 400 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. The bank managed about $26.1bn in assets as of 31 March 2016.
