September 18, 2009, 2009 (FinancialWire) — Huntington Bancshares Inc. (NASDAQ: HBAN) has launched a public offering of $350 million of its common shares.

The company said it has also closed a discretionary equity issuance program launched on September 9, which resulted in the issuance of 35.7 million shares worth $150 million at an average price of $4.20 per share. The move brings Huntington’s total shares of common stock outstanding as of September 16 to 604.8 million shares.

company CEO Stephen D. Steinour said that Huntington has reached a capital objective reported in May, of raising $675 million in regulatory common equity. He said that the added capital, “would significantly enhance our ability to eventually repay our $1.4 billion of TARP capital.”

Columbus, Ohio-based Huntington Bancshares is a regional bank holding company whose banking subsidiary, The Huntington National Bank, operates over 600 banking offices in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

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