Unizan Financial (NASDAQ:UNIZ)
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Unizan Financial Corp. Announces First Quarter Dividend
CANTON, Ohio, Feb. 20 /PRNewswire-FirstCall/ -- Unizan Financial Corp. , today
announced that the company's board of directors declared a quarterly cash
dividend of $0.135 per common share payable on March 31, 2004, to shareholders
of record on March 17, 2004.
On January 27, 2004, Huntington Bancshares Incorporated (NASDAQ:HBAN) and
Canton, Ohio-based Unizan Financial Corp. (NASDAQ:UNIZ) announced the signing of
a definitive agreement to merge the two organizations. Under the terms of the
agreement, Unizan shareholders will receive 1.1424 shares of Huntington common
stock, on a tax-free basis, for each share of Unizan. The merger is expected to
close late in the second quarter of 2004, pending customary regulatory
approvals, as well as Unizan shareholder approval.
About Unizan
Unizan Financial Corp., a $2.7 billion holding company, is a premier financial
services organization headquartered in Canton, Ohio. The company operates 43
full-service retail financial centers in five metropolitan markets in Ohio --
Canton, Columbus, Dayton, Newark and Zanesville. Through Unizan Financial
Corp.'s subsidiaries, Unizan Bank, National Association; Unizan Financial
Services Group, National Association; Unizan Banc Financial Services, Inc.; and
Unizan Financial Advisors, Inc., the company offers its client base corporate
and retail banking, Internet banking and wealth management products and
services. Additionally, the company operates nichebusinesses in government
guaranteed loan programs through its business lending centers in Cincinnati,
Cleveland, Columbus and Dayton, Ohio; Detroit, Michigan; Mt. Arlington, New
Jersey; and Indianapolis, Indiana; as well as aircraft lending centers in
Columbus; Orlando, Florida; and Sacramento, California. For more information on
Unizan Financial Corp. and its subsidiaries, visit the company on the Web at
http://www.unizan.com/ .
About Huntington
Huntington Bancshares Incorporated is a $30 billionregional bank holding
company headquartered in Columbus, Ohio. Through its affiliated companies,
Huntington has more than 138 years of serving the financial needs of its
customers. Huntington provides innovative retail and commercial financial
products and services through more than 300 regional banking offices in Indiana,
Kentucky, Michigan, Ohio and West Virginia. Huntington also offers retail and
commercial financial services online at http://www.huntington.com/ ; through its
technologically advanced, 24-hour telephone bank; and through its network of
nearly 700 ATMs. Selected financial service activities are also conducted in
other states including: Dealer Sales offices in Florida, Georgia, Tennessee,
Pennsylvania and Arizona; Private Financial Group offices in Florida; and
Mortgage Banking offices in Florida, Maryland and New Jersey. International
banking services are made available through the headquarters office in Columbus
and additional offices located in the Cayman Islands and Hong Kong.
Additional information about the merger and where to find it: Huntington and
Unizan will be filing relevant documents concerning the transaction with the
Securities and Exchange Commission, including a registration statement on Form
S-4 which will include a proxy statement/prospectus. Stockholders will be able
to obtain a free copy of the proxy statement/prospectus, as well as other
filings containing information about Huntington and Unizan, at the Securities
and Exchange Commission's internetsite ( http://www.sec.gov/ ). Copies of the
proxy statement/prospectus and the filings with the Securities and Exchange
Commission that will be incorporated by reference in the proxy
statement/prospectus can also be obtained, without charge, by directing a
request to Huntington Bancshares Incorporated, Huntington Center, 41 South High
Street, Columbus, Ohio 43287, Attention: Investor Relations, 614-480-4060, or
Unizan Financial Corp., 220 Market Avenue South, Canton, Ohio, 44702, Attn:
Media Relations, 330-438-4858.
Stockholders are urged to read the proxy statement/prospectus, and other
relevant documents filed with the Securities and Exchange Commission regarding
the proposed transaction when they become available, because they will contain
important information.
The directors and executive officers of Unizan and other persons may be deemed
to be participants in the solicitation of proxies in respect of the proposed
merger. Information regarding Unizan's directors and executive officers is
available in its proxy statement filed with the SEC by Unizan on March 14, 2003.
Other information regarding the participants in the proxy solicitation and a
description of their direct and indirect interests, by security holdings or
otherwise, will becontained in the proxy statement/prospectus and other
relevant materials to be filed with the SEC when they become available.
DATASOURCE: Unizan Financial Corp.
CONTACT: Investors, Roger L. Mann, President and Chief Executive
Officer, +1-330-438-1118, or 1-866-235-7203, or , or Media,
Sandy K. Upperman, Vice President, Corporate Communications, +1-330-438-4858,
or , both of Unizan Financial Corp.
Web site: http://www.unizan.com/
http://www.huntington.com/
http://www.sec.gov/
Company News On-Call: http://www.prnewswire.com/comp/127633.html