Camco Financial Corporation | |
Type: | Public |
Traded As: | NASDAQ: |
Industry: | Financial services |
Foundation: | 1970[1] |
Location: | Cambridge, Ohio, U.S. |
Key People: | James Huston (chairman & CEO) |
Operating Income: | US$ 31.623 million (2012)[2] |
Net Income: | US$ 4.163 million (2012) |
Assets: | US$ 764.259 million (2012) |
Num Employees: | 200(2012)[3] |
Camco Financial Corporation, or Camco Financial, headquartered in Cambridge, Ohio, was a registered bank holding company under the law of Delaware.[3] It wholly owned the Ohio-based Advantage Bank and operated 22 offices in Ohio, Kentucky and West Virginia.[4] Camco offered a wide range of banking services through Advantage Bank.[4] [5] 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.[4]
Camco ended in 2014, following a merger with Huntington Bancshares.
On October 19, 1970, Camco Financial Corporation was organized as a holding company.[5]
In June, 2001, Camco Financial Corporation finished the reorganization and it combined the banking activities under the Advantage Bank.[6]
In 2004 Camco Financial Corporation merged with London Financial Corporation of London, Ohio, along with its wholly owned subsidiary, The Citizens Bank of London.[6]
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).[7]
In 2013, Camco was purchased by Huntington Bancshares.[8] The merger was complete by March 2014, ending Camco Financial's independent existence.[9]