TCF Bank announces merger, name change
Founded nearly a century ago in the Twin Cities, TCF will merge with Huntington and is expected to take its name in 2021. Author: Jeremiah Jacobsen Updated: 11:58 AM CST December 14, 2020
The name TCF is on track to disappear from the Twin Cities after nearly a century in the business of money.
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. TCF is joining Huntington to create a top 10 U.S. regional bank that is better positioned to create value for you, read an announcement on the TCF website. Both companies share an operating philosophy that focuses on our customers and communities. We believe that we will be stronger together and that this combination will benefit you. We look forward to sharing even more with you about this exciting partnership as time goes on.
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The retirement of Craig Dahl, the Minnesota banker who helped build and then reshape TCF Financial Corp., as its chief executive came suddenly, surprising investors and analysts.
But Dahl said Tuesday that he felt it was the right time with the first phase of its merger with Detroit-based Chemical Financial complete. I ve been involved in this nearly seven days a week for two years, said Dahl, 66, on a call with analysts. Going through the succession planning and just trying to understand what would be the right time, there isn t really any time that would necessarily be better than others.
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