Huntington also announced that its discretionary equity issuance program launched earlier in September 2009, which resulted in the issuance of 35.7 million shares worth $150 million at an average price of $4.20 per share, is now complete. This brings the company's total shares of common stock outstanding as of September 16, 2009, to 604.8 million shares.

Stephen Steinour, chairman, president and CEO, said: "The capital increases our flexibility to repurchase debt and thus improve our overall funding. Further, it gives us the additional capacity to pursue growth of our core businesses, which includes supporting organic asset and deposit growth. This capital also allows us to take advantage of initiatives identified through our strategic planning effort currently underway and would significantly enhance our ability to eventually repay our $1.4 billion of troubled asset relief program capital."

A service of YellowBrix, Inc.