Subsequent Event |
6 Months Ended |
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Jun. 30, 2025 | |
Subsequent Events [Abstract] | |
Subsequent Event | Subsequent Event Merger with Huntington Bancshares Incorporated (Huntington) On July 14, 2025, the Company and Huntington jointly announced the signing of a definitive merger agreement, dated July 13, 2025, under which Huntington will acquire the Company in an all-stock transaction by means of merger, with Huntington continuing as the surviving corporation. Huntington is a regional bank headquartered in Columbus, Ohio and operates over 900 branches in 13 states. Under the terms of the agreement, the Company will merge into Huntington and, immediately after the merger, the Bank will merge into Huntington National Bank. At the effective time of the merger, the Company's shareholders will receive 1.95 shares of Huntington’s common stock for each share of Company common stock based on a fixed exchange ratio. The merger agreement was unanimously approved by both the Company’s and Huntington’s Boards of Directors and is anticipated to close in fourth quarter of 2025. The transaction is subject to receipt of regulatory approvals and satisfaction of other customary closing conditions, including the requisite approval of the stockholders of the Company. The Company has not incurred significant expenses related to the merger.
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