Camco Financial Corporation, or Camco Financial, headquartered in

Cambridge, Ohio Cambridge ( ) is a city in Guernsey County, Ohio, United States, and its county seat. The population was 10,089 at the 2020 census. It lies in the Appalachian Plateau of the Appalachian Mountains in southeastern Ohio. It is the principal city o ...

, was a registered bank

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

under the law of

Delaware Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...

. It wholly owned the Ohio-based Advantage Bank and operated 22 offices in

Ohio Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...

Kentucky Kentucky (, ), officially the Commonwealth of Kentucky, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Illinois, Indiana, and Ohio to the north, West Virginia to the ...

and

West Virginia West Virginia is a mountainous U.S. state, state in the Southern United States, Southern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States.The United States Census Bureau, Census Bureau and the Association of American ...

. Camco offered a wide range of banking services through Advantage Bank. 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. Camco ended in 2014, following a merger with

Huntington Bancshares Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Its banking subsidiary, The Huntington National Bank, operates 1047 banking offices, primarily in the Midwest: 459 in Ohio, 290 in Michigan, ...

History

On October 19, 1970, Camco Financial Corporation was organized as a holding company. In June, 2001, Camco Financial Corporation finished the reorganization and it combined the banking activities under the Advantage Bank. In 2004 Camco Financial Corporation merged with London Financial Corporation of London, Ohio, along with its wholly owned subsidiary, The Citizens Bank of London. In 2013, the corporation declared the termination of a Consent Order dating back to February 9, 2012, issued by the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

(FDIC) and the State of Ohio's Department of Commerce, Division of Financial Institutions (Ohio Division). In 2013, Camco was purchased by

. The merger was complete by March 2014, ending Camco Financial's independent existence.

References

External links

*{{official website, http://www.advantagebankonline.com/ Companies formerly listed on the Nasdaq Financial services companies of the United States Holding companies of the United States Holding companies established in 1970 Holding companies disestablished in 2014 1970 establishments in Ohio 2014 disestablishments in Ohio Huntington Bancshares American companies disestablished in 2014 American companies established in 1970 Financial services companies established in 1970