DETROIT – Huntington Bancshares Incorporated -- the parent company of Huntington Bank -- and TCF Financial Corporation -- the parent company of TCF National Bank -- announced Sunday the companies would combine in an all-stock merger, with a total market value of about $22 billion. The company said it will have two headquarters, one in Detroit and one in Columbus, Ohio. The Detroit headquarters will employee at least 800 people, about three times more than TCF had planned. Columbus will remain the headquarters for the holding company and the consumer bank. With the removal of the TCF branding, the TCF Center -- recently renamed in late 2019 -- will be renamed the Huntington Center.

In a joint statement the Detroit leaders condemned the acts of injustice in the tragic murders of George Floyd, Ahmaud Arbery, and Breonna Taylor and the many other men and women whose lives have been cut far too short." MORE: Detroit business leaders speak out against racism, institute plans to combat systemic problemsTogether the leaders agreed to eliminate bias, racism, sexism and violence within their companies. Heres more of what the Detroit CEOs had to say Wednesday:Rev. And when that officer put his knee down on George Floyds neck, it ripped that scab off and its bleeding. Were here today to say that the conditions of systemic racism in law enforcement will change when everybody joins the cause.