(CBS DETROIT) – Huntington and TCF Bank will have to sell off 13 bank branches if they want to complete their merger.
The latest order from the Justice Department is meant to address anti-trust concerns, once both Michigan banks merge.READ MORE: Tesla Posts Record Profit, Won't Produce New Models In 2022
Those 13 locations are all TCF branches, which it plans to sell to horizon bank.READ MORE: 'We Wanna Lead In EVs': GM CEO Mary Barra Speaks On Investments In Electric Vehicles
This is already on top of the 198 bank closures between TCF and Huntington.
Their merger is expected to finish by the end of the year.MORE NEWS: Canton Police Release Sketch Of Suspect Accused In Attempted Kidnapping Of 12-Year-Old Boy
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