(RTTNews) - Huntington Bancshares Inc. (HBAN: News ) said it its unit, Huntington National Bank, has chosen to continue its participation in the Federal Deposit Insurance Corp.'s or FDIC Transaction Account Guarantee Program or TAGP. Created in 2008 under the Temporary Liquidity Guarantee Program or TLGP, the TAGP program was recently extended for six months, through June 30, 2010. The extension is valid only to financial institutions that choose to remain in the program.

Additionally, Huntington Bancshares noted that the TAGP provides insurance coverage in addition to and separate from the coverage provided through the FDIC's general deposit insurance fund, covering balances up to $0.25 million per depositor through December 31, 2013.

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by RTT Staff Writer

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