Bank holding company
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]
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]
References
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