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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: DECEMBER 8, 1997
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HUNTINGTON BANCSHARES INCORPORATED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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Maryland 0-2525 31-0724920
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(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION NUMBER)
INCORPORATION OR
ORGANIZATION)
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Huntington Center
41 South High Street
Columbus, Ohio 43287
(614) 480-8300
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S
PRINCIPAL EXECUTIVE OFFICES)
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ITEM 5. OTHER EVENTS.
On December 8, 1997, Huntington Bancshares Incorporated, a Maryland
corporation ("Huntington"), and NationsBank Corporation, a bank holding company
having its principal offices in Charlotte, North Carolina ("NationsBank"),
entered into a Purchase and Assumption Agreement, dated as of December 8, 1997
(the "Agreement"), whereby Huntington will acquire 60 Barnett Banks, Inc.
banking offices ("Barnett") and associated deposit and loan products located in
Florida (the "Acquisition"). On August 29, 1997, NationsBank had previously
entered into an Agreement and Plan of Merger with Barnett for the purpose of
acquiring Barnett and it's subsidiaries. The banking office sale was initiated
to satisfy antitrust regulations.
Huntington will pay NationsBank a premium of approximately $523 million
for the deposits, loans, and fixed assets of the Barnett banking offices with
the exact amount being determined by deposit levels at closing.
The Acquisition is subject to the consummation of the merger between
NationsBank and Barnett, regulatory approval, and other customary conditions to
closing.
Huntington's news release issued on December 9, 1997 regarding the
Acquisition is attached as an exhibit to this report and is incorporated herein
by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit 99 -- News release of Huntington Bancshares Incorporated, dated
December 9, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HUNTINGTON BANCSHARES INCORPORATED
Date: December 17, 1997 By: /s/ Gerald R. Williams
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Gerald R. Williams, Executive Vice
President and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit No. Description Page
99* News release of Huntington Bancshares
Incorporated issued on December 9, 1997.
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* Filed with this report.
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