Camco Financial

Last updated
Camco Financial Corporation
Company type Public
Nasdaq:  CAFI [1]
Industry Financial services
Founded1970 [2]
Headquarters Cambridge, Ohio, U.S.
Key people
James Huston (chairman & CEO)
Increase2.svg US$ 31.623 million (2012) [3]
Increase2.svg US$ 4.163 million (2012) [3]
Total assets Increase2.svg US$ 764.259 million (2012) [3]
Number of employees
200(2012) [4]

Camco Financial Corporation, or Camco Financial, headquartered in Cambridge, Ohio, was a registered bank holding company under the law of Delaware. [4] It wholly owned the Ohio-based Advantage Bank and operated 22 offices in Ohio, Kentucky and West Virginia. [5] Camco offered a wide range of banking services through Advantage Bank. [5] [6] As of December 31, 2012, Camco had $764.259 million in total assets, $59.727 million in total stockholders' equity and $627.224 million in deposits. [5]

Contents

Camco ended in 2014, following a merger with Huntington Bancshares. [7]

History

On October 19, 1970, Camco Financial Corporation was organized as a holding company. [6]

In June, 2001, Camco Financial Corporation finished the reorganization and it combined the banking activities under the Advantage Bank. [8]

In 2004 Camco Financial Corporation merged with London Financial Corporation of London, Ohio, along with its wholly owned subsidiary, The Citizens Bank of London. [8]

In 2013, the corporation declared the termination of a Consent Order dating back to February 9, 2012, issued by the Federal Deposit Insurance Corporation (FDIC) and the State of Ohio's Department of Commerce, Division of Financial Institutions (Ohio Division). [9]

In 2013, Camco was purchased by Huntington Bancshares. [10] The merger was complete by March 2014, ending Camco Financial's independent existence. [7]

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References

  1. ↑ traded symbols
  2. ↑ "Foundation time". Reuters. Archived from the original on 2013-12-30. Retrieved 2017-07-02.
  3. 1 2 3 "Selected Financial Data".
  4. 1 2 "CONSUMER AUTOMOTIVE FINANCE INC (CAFI) Company Profile & Facts - Yahoo Finance".
  5. 1 2 3 "EDGAR Pro".
  6. 1 2 "Company Search". Reuters. Archived from the original on 2013-12-30. Retrieved 2017-07-02.
  7. 1 2 "Huntington Bancshares Expands in Ohio with Closing of Acquisition of Camco Financial, Parent of Advantage Bank". Columbus, Ohio: Huntington Bancshares. March 4, 2014. Retrieved September 11, 2016.
  8. 1 2 "Company History". www.advantagebankonline.com. Archived from the original on 2013-12-31.
  9. ↑ "Camco Financial Announces Termination of Consent Order". finance.yahoo.com. 2013-12-30. Archived from the original on 2013-12-31.
  10. ↑ "Huntington-Camco deal to close March 1". www.bizjournals.com. Archived from the original on 2014-03-09. Retrieved 2020-08-21.
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