“Today is a historic day for the new TCF, and we want all of our customers to know that with the final step complete in the merger of equals, we remain deeply committed to the communities where we live, work and serve.”. June 7, 2019: Shareholders of both companies approve the merger. Chemical Financial Corporation and TCF Financial Corporation Shareholders Approve Merger of Equals. … TCF’s new ad campaign that launched Monday was developed in partnership with Doner, its advertising agency of record. TCF Financial Corporation is building a new headquarters in the heart of Detroit and has a long and proud commitment to the communities it serves. The major banking news comes nearly two years after TCF Financial, which had been based in Wayzata, Minnesota, and the Michigan-based Chemical Bank announced a $3.6-billion deal. View source version on businesswire.com: Jan. 28, 2019: TCF and Chemical announce merger of equals. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. I was surprised to see this merger, since TCF just got done merging with Chemical bank. Company Release - 6/7/2019 3:00 PM ET. The merger of equals in which legacy TCF Financial Corporation merged into Chemical Financial Corporation closed on Aug. 1, 2019, forming Michigan’s largest national bank holding company. Examples include: The merger of equals in which legacy TCF Financial Corporation merged into Chemical Financial Corporation was closed on Aug. 1, 2019, forming Michigan’s largest national bank holding company. If you experience any issues with this process, please contact us for further assistance. “I am very proud of our team’s efforts to support our integration activities in the face of unexpected challenges, including a pandemic, working from home, civil unrest and a historic flood in Midland, Michigan, home to some of our key operations. Approximately 200 banking centers in Michigan and Ohio that previously operated as Chemical Bank were impacted by the name change. (Photo: TCF Bank), “TCF is a purpose-driven company passionate about how we can help people and businesses realize their dreams. TCF National Bank Completes Integration with Chemical Bank, Creating Strong Foundation to Strengthen Individuals, Businesses and the Community, https://www.businesswire.com/news/home/20200810005517/en/. Randi Berris (Media) TCF National Bank announced the successful completion of its integration with Chemical Bank on Monday, creating a strong foundation to strengthen individuals, businesses and the community. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Strong partnerships, including with the University of Minnesota, where TCF has donated more than $1.4 million in scholarships, renaming Detroit’s convention center the TCF Center, and the company’s sponsorship with the Detroit City marathon. TCF is proud to be an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. MINNEAPOLIS (WCCO) — TCF Bank says it’s investigating why some debit cards aren’t working. The deal is described as a merger of equals, though it tilts slightly in TCF's favor. You can unsubscribe to any of the email alerts you are subscribed to by visiting the ‘unsubscribe’ section below. news@tcfbank.com To opt-in for email alerts, please enter your email address in the field below and select at least one alert option. ©1999-2020 TCF Financial Corporation. As One TCF, we can bring the full breadth and depth of our services – and our team members’ expertise – to support our customers and communities,” said Craig R. Dahl, president and chief executive officer, TCF Financial Corporation. RELATED: Read the full announcement from TCF and Chemical here. All Rights Reserved. REGIONAL BANK. DETROIT--(BUSINESS WIRE)-- To learn more about TCF, visit ir.tcfbank.com. Regional Bank News provided by. TCF Financial Corporation (Nasdaq: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Sept. 30, 2020 and a top 10 deposit market share in the Midwest. COLUMBUS, Ohio - December 13, 2020. Media Contact: Emily Smith emily.smith@huntington.com (614) 480-6834. (248) 608-5239, Timothy Sedabres (Investors) The signed agreement will combine the companies in what they’re calling a “merger of equals” transaction. The company’s new tagline, “What’s in it for We,” follows TCF’s announcement of a $1 billion loan commitment to minority communities and minority-owned and women-owned small businesses. About TCF Financial Corporation . Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. New brand platform launched to encapsulate the banks’ purpose and emphasize the importance of community – “What’s in it for We” All banking centers now operating under the HUNTINGTON BANCSHARES AND TCF FINANCIAL CORPORATION ANNOUNCE MERGER TO CREATE TOP 10 U.S. Its local and regional partnerships have been enhanced through the merger. Chemical Financial Corporation (NASDAQ: CHFC) and TCF Financial Corporation (NYSE: TCF) today announced the signing of a definitive agreement under … Click here to subscribe to news release email alerts for TCF Financial Corporation. With this latest merger, development will be on hold until the property’s future can be reassessed. TCF retired the Chemical brand and unveiled its new brand platform and ad campaign to encapsulate how when one business or individual succeeds, the positive impacts are felt throughout the entire community. As of Monday, Aug. 10, TCF’s primary banking subsidiary, TCF National Bank, rebranded all its banking centers across TCF’s footprint under the TCF Bank name, and all consumers share a common digital banking and mobile app experience, branded as TCF Bank. Yahoo is part of Verizon Media. The merger plans follow Chemical’s July announcement that it was moving its headquarters from Midland to downtown Detroit. The integration was completed this August, and marked the end of the Chemical Bank brand. The TCF name survived but the company’s headquarters moved to Detroit. The merger of equals in which legacy TCF Financial merged into Chemical Financial was closed on Aug. 1, 2019, forming Michigan’s largest national bank holding company. https://www.businesswire.com/news/home/20200810005517/en/, TCF Press Contact: You can change your choices at any time by visiting Your Privacy Controls. TCF has approximately 475 banking centers primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. The combined company will have approximately $168 billion in assets, $117 billion in loans, and $134 billion in deposits. Chemical plans to acquire TCF in an all-stock deal worth $3.6 billion. By providing your email address below, you are providing consent to TCF to send you the requested Email Alert updates. The major banking news comes nearly two years after TCF Financial, which had been based in Wayzata, Minn., and the Michigan-based Chemical Bank announced a $3.6 billion deal. “We have spent the past year integrating our technology systems to provide a best-in-class digital experience for our customers both on our website and through our mobile app, while also upgrading the back-end systems to meet the new TCF’s needs today and well into the future,” said Tom Shafer, president and chief operating officer, TCF Bank. Chemical Financial and TCF Financial plan on making several new executive leadership appointments for the combined company after closing their merger of equals, which is anticipated for the late third or early fourth quarter of 2019, subject to customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. Chemical Financial Corporation and TCF Financial Corporation Announce Executive Leadership Appointments for New TCF Upon Close of Merger of Equals. This press release features multimedia. You can sign up for additional alert options at any time. Following that merger, the combined company kept the TCF name, but moved its headquarters out of its namesake Twin Cities to Chemical's headquarters in Detroit. The combined holding company and bank will operate under the TCF name and will have approximately $45 billion in assets, $34 billion in total deposits and more than 500 branches across nine states. TCF Bank, Huntington announce merger in $22 billion deal. $1 billion loan commitment over five years to minority communities and minority- and women-owned small businesses; $5 million commitment to Detroit’s Strategic Neighborhood Fund for the Grandmont Rosedale neighborhood, as well as a partnership with the Detroit mayor’s office for the Affordable Housing Leverage fund; $10 million for grants over five years to help low-to-moderate-income home buyers, known as the Heart and Home program; $1.9 million in donations from the TCF Foundation to more than 700 charitable partners in 2019, and an additional $831,000 in team member matching gifts; and. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The Chemical–TCF merger was completed on August 1, 2019, and the combined company took on the TCF name. TCF Financial (TCF) Completes Merger With Chemical Financial The merger makes sense, though, given their overlapping footprints and their complementing business lines. The merger of equals in which legacy TCF Financial merged into Chemical Financial was closed on Aug. 1, 2019, forming Michigan’s largest national bank holding company. You must click the activation link in order to complete your subscription. Company Release - 3/1/2019 4:20 PM ET. This was not an easy task – but our team’s ability to execute our strategy despite the hardships reflects the power of our purpose and beliefs.”. Posted at 4:28 AM, Dec 14, 2020 . This is the second merger for TCF in as many years after a $3.6 billion merger with Chemical Financial Corp last August. About TCF: TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $50 billion in total assets at June 30, 2020 and a top 10 deposit market share in the Midwest. The brand launch will be supported by an integrated marketing strategy that includes TV, radio, print, digital and social media. After submitting your request, you will receive an activation email to the requested email address. On December 13, 2020, TCF announced another merger with Columbus, Ohio-based Huntington Bancshares. TCF Bank has announced that it will merge with Huntington, and is expected to change the name of its banking centers and ATMs to the Huntington brand in 2021. At TCF, we promise to treat your data with respect and will not share your information with any third party. investor@tcfbank.com (Investors) Analysts: Mark Muth (mark.muth@huntington.com), 614.480.4720 TCF announced the deal for Detroit-based Chemical Financial Corp., billed as a “merger of equals,” in January 2019. The major banking news comes nearly two years after TCF Financial, which had been based in Wayzata, Minnesota, and the Michigan-based Chemical Bank announced a $3.6 billion deal. View the full release here: https://www.businesswire.com/news/home/20200810005517/en/, Universal Sign workers exchange Chemical Bank sign for TCF sign at banking center location in Southfield, Michigan on Friday, August 7th. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. The planned merger of Detroit-based TCF Financial Corp. into Huntington Bancshares of Columbus, Ohio, will result in 198 branch closures, including 97 branches that are inside Meijer stores. The merger of equals in which legacy TCF Financial Corporation merged into Chemical Financial Corporation was closed on Aug. 1, 2019, forming Michigan’s largest national bank holding company. The now-former Minnesota company combined with Detroit-based Chemical Bank over the weekend. DETROIT & WAYZATA, Minn.--(BUSINESS WIRE)-- Chemical Financial Corporation (Chemical) (NASDAQ: CHFC) and TCF Financial Corporation (TCF) (NYSE: TCF) today jointly announced that at separate special meetings held today, each company’s shareholders approved the proposed merger of equals in which TCF … (952) 745-2766. Cobo Center was officially renamed TCF Center on August 27, 2019. TCF Bank announced its merger with Huntington Bank on Dec. 13. It's official: Chemical Financial Corp. is now TCF Financial Corp. after the banks closed their merger Thursday morning.
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