Camco Financial
{{Short description|Bank holding company}}
{{Infobox company
|name = Camco Financial Corporation
|logo =
|type = Public
|traded_as = {{NASDAQ was|CAFI}}{{Citation|url=https://www.google.com/finance/quote/CAFI:OTCMKTS|title=traded symbols}}
|industry = Financial services
|location = Cambridge, Ohio, U.S.
|key_people = James Huston (chairman & CEO)
|operating_income = {{Increase}} US$ 31.623 million (2012){{cite web|url=http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9172124-137113-142991&type=sect&TabIndex=2&companyid=7741&ppu=%252fdefault.aspx%253fsym%253dCAFI|title=Selected Financial Data}}
|net_income = {{Increase}} US$ 4.163 million (2012)
|assets = {{Increase}} US$ 764.259 million (2012)
|num_employees = 200(2012){{Cite web|url=https://finance.yahoo.com/q/pr?s=CAFI|title = CONSUMER AUTOMOTIVE FINANCE INC (CAFI) Company Profile & Facts - Yahoo Finance}}
|homepage =
}}
Camco Financial Corporation, or Camco Financial, headquartered in Cambridge, Ohio, was a registered bank holding company under the law of Delaware. It wholly owned the Ohio-based Advantage Bank and operated 22 offices in Ohio, Kentucky and West Virginia.{{Cite web|url=http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9172124-5406-81474&type=sect&TabIndex=2&companyid=7741&ppu=%252fdefault.aspx%253fsym%253dCAFI|title=EDGAR Pro}} Camco offered a wide range of banking services through Advantage Bank.{{cite news | url=https://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=CAFI.O | work=Reuters | title=Company Search | access-date=2017-07-02 | archive-date=2013-12-30 | archive-url=https://web.archive.org/web/20131230233432/http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=CAFI.O | url-status=dead }} 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.
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.{{Cite web | url=http://www.advantagebankonline.com/home/about/history | title=Company History | archive-url=https://web.archive.org/web/20131231000307/http://www.advantagebankonline.com/home/about/history | archive-date=2013-12-31 | website=www.advantagebankonline.com}}
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 (FDIC) and the State of Ohio's Department of Commerce, Division of Financial Institutions (Ohio Division).{{Cite web | url=https://finance.yahoo.com/news/camco-financial-announces-termination-consent-132157526.html | archive-url=https://web.archive.org/web/20131231000359/https://finance.yahoo.com/news/camco-financial-announces-termination-consent-132157526.html | archive-date=2013-12-31| website=finance.yahoo.com | title=Camco Financial Announces Termination of Consent Order | date=2013-12-30}}
In 2013, Camco was purchased by Huntington Bancshares.{{Cite web|last=|first=|date=|title=Huntington-Camco deal to close March 1|url=https://www.bizjournals.com/columbus/news/2014/02/26/huntington-camco-deal-to-close-march-1.html|url-status=live|archive-url=https://web.archive.org/web/20140309042019/http://www.bizjournals.com:80/columbus/news/2014/02/26/huntington-camco-deal-to-close-march-1.html |archive-date=2014-03-09 |access-date=2020-08-21|website=www.bizjournals.com}} The merger was complete by March 2014, ending Camco Financial's independent existence.{{cite web |url=http://huntington-ir.com/ne/news/hban030414.htm |title=Huntington Bancshares Expands in Ohio with Closing of Acquisition of Camco Financial, Parent of Advantage Bank |date=March 4, 2014 |location=Columbus, Ohio |publisher=Huntington Bancshares |accessdate=September 11, 2016}}
References
{{Reflist}}
External links
{{Portal|Banks}}
- {{official website|http://www.advantagebankonline.com/}}
Category:Companies formerly listed on the Nasdaq
Category:Financial services companies of the United States
Category:Holding companies of the United States
Category:Holding companies established in 1970
Category:Holding companies disestablished in 2014
Category:1970 establishments in Ohio
Category:2014 disestablishments in Ohio
Category:Huntington Bancshares
Category:American companies disestablished in 2014