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| HBAN > SEC Filings for HBAN > Form 8-K on 4-Feb-2009 | All Recent SEC Filings |
4-Feb-2009
Other Events, Financial Statements and Exhibits
On February 3, 2009, Huntington Bancshares Incorporated ("Huntington"), issued a press release announcing that it has cut 2008 bonuses and other incentive programs for all employees and initiated additional cost-cutting measures that will save $100 million, or $0.18 per share, net of one-time expenses, in 2009. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
In addition on February 3, 2009, The Huntington National Bank, a wholly owned subsidiary of Huntington, completed the issuance and sale of $600,000,000 of Floating Rate Senior Bank Notes due June 1, 2012 (the "Notes"). The Notes are guaranteed by the Federal Deposit Insurance Corporation (the "FDIC") under the FDIC's Temporary Liquidity Guarantee Program and are backed by the full faith and credit of the United States. The Notes are issued by The Huntington National Bank and are not obligations of, or guaranteed by, Huntington.
In connection with the FDIC's Temporary Liquidity Guarantee Program, The Huntington National Bank entered into a Master Agreement with the FDIC on December 5, 2008. The Master Agreement contains, among other things, certain terms and conditions that must be included in the governing documents for any senior debt securities issued by The Huntington National Bank that are guaranteed pursuant to the FDIC's Temporary Liquidity Guarantee Program.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits
The following exhibits are filed herewith:
Exhibit No. -- Description
99.1 -- News Release of Huntington Bancshares Incorporated, dated February 3,
2009.
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