Ohio’s Huntington Bancshares is set to shut down 107 branches as part of its proposed acquisition of local rival FirstMerit.
The branches to be closed include 77 FirstMerit locations and 30 Huntington branches in the states of Ohio, Michigan, Illinois, Wisconsin and Pennsylvania, US. Most of the affected branches are located in Ohio and Michigan.
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The branches are expected to be closed in 2016 or early next year.
Employees of the affected branches are expected to be offered job opportunities in other offices.
In January 2016, Huntington Bancshares agreed to buy FirstMerit, the parent of FirstMerit Bank, in a stock-cash deal worth about $3.4bn. The deal is expected to close in the third quarter of 2016.
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