Hungtington to Buy Unified Fund Services

Huntington Bancshares announced Thursday it has reached an agreement to acquire Unified Fund Services, which provides transfer agent, fund accounting, distribution and administration services to mutual fund companies, for cash by the end of next year.“This acquisition creates a complete one-stop-shop for mutual fund servicing and strategically fits with our custody and other asset servicing businesses,” said Huntington Senior Executive Vice President Daniel B. Benhase, who noted that the biggest growing area in fund administration is small- and mid-size back office operations.