Huntington Bancshares, Inc.; Thomas E. Hoaglin, Michael J. McMennamin, and John Van Fleet, CPA

Securities Exchange Act of 1934
Release No. 34-53495 / March 16, 2006

Administrative Proceeding File No. 3-11940

In the Matter of HUNTINGTON BANCSHARES, INC., THOMAS E. HOAGLIN, MICHAEL J. MCMENNAMIN, and JOHN VAN FLEET, CPA Respondents.

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ORDER APPROVING A PLAN OF DISTRIBUTION OF A FAIR FUND AND APPOINTING A PLAN ADMINISTRATOR

On December 29, 2005, the Commission published a "Notice of Proposed Plan of Distribution of Disgorgement Fund and Opportunity for Comment by Non-Parties" ("Notice") in connection with this proceeding pursuant to Rule 1103 of the Commission's Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1103. The Notice advised interested parties that they could obtain a copy of the proposed plan of distribution ("Distribution Plan") by submitting a written request to Amy Miller, Esq., 100 F Street, N.E., Washington, DC 20549-4628, or by going to http://www.sec.gov/litigation/admin/34-53035-pdp.pdf. The staff has not received any requests for copies of the Distribution Plan.

The Notice also advised that all persons desiring to comment on the Distribution Plan could submit their views, in writing, to the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, N.E., Washington, DC 20549-9303; by using the Commission's Internet comment form (http://www.sec.gov/litigation/admin.shtml); or by sending an e-mail to rule-comments@sec.gov, no later than January 30, 2006. The Commission received one comment on the Distribution Plan. In summary, the comment asks that the criteria for eligibility as a Fund Claimant be published on the Commission's website. The Distribution Plan, which is available on the Commission's website, defines "Claimants" as individuals and entities who purchased shares of Huntington Bancshares Inc.'s common stock from January 18, 2002 through 4 p.m. eastern standard time on June 26, 2003 and who sold any portion of those shares between 4 p.m. eastern standard time on June 26, 2003 and 4 p.m. eastern standard time on July 3, 2003, or their lawful successors, except for Respondents.

The Distribution Plan further states that within 90 days of its approval by the Commission, the Fund Administrator shall seek to amend the Distribution Plan to specify the procedures to be used to identify and locate Claimants, provide notice to Claimants, verify Claimants' claims, make and approve claims and handle disputed claims, set a cut-off date for the making of claims; and calculate Claimants' pro rata shares. Thus, the Distribution Plan contemplates the provision of more detailed information regarding the basis for, and mechanics of, Claimants' participation in the Distribution, which shall be posted to the website.

The Commission accordingly finds that the Plan is an appropriate distribution of the disgorgement and penalty amounts paid by Huntington Bancshares, Inc., Thomas E. Hoaglin, Michael J. McMennamin, and John Van Fleet, CPA pursuant to the Commission's Order of June 2, 2005. Further, in the Distribution Plan, the Division of Enforcement proposes that Nancy R. Grunberg, of the law firm Venable LLP, be appointed as Administrator of the Distribution Plan. The Division has requested that the Commission approve the Distribution Plan and appoint Nancy R. Grunberg as Administrator of the Distribution Plan. Accordingly, IT IS HEREBY ORDERED, pursuant to Rule 1104 of the Commission's Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1104, that the Distribution Plan is approved.

IT IS FURTHER ORDERED, pursuant to Rule 1105 of the Commission's Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1105, that Nancy R. Grunberg of the law firm Venable LLP is appointed as the Administrator of the Distribution Plan in accordance with the terms of the Distribution Plan.

For the Commission, by its Secretary, pursuant to delegated authority.