Camco Financial Corporation, or Camco Financial, headquartered in

Cambridge, Ohio Cambridge is a city in and the county seat of Guernsey County, Ohio, United States. It lies in southeastern Ohio, in the Appalachian Plateau of the Appalachian Mountains 74 miles east of Columbus. The population was 10,635 at the 2010 census. I ...

, was a registered bank

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

under the law of

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

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

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

Kentucky Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia to ...

and

West Virginia West Virginia is a state in the Appalachian, Mid-Atlantic and Southeastern regions of the United States.The Census Bureau and the Association of American Geographers classify West Virginia as part of the Southern United States while the Bur ...

. 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. The company is ranked 521st on the Fortune 500, and is 26th on the list of largest banks in the United States. The company's banking sub ...

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 one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred ...

(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