An investor in Michigan bank TCF Financial Corp. filed suit against the bank and its board of directors, accusing them of making misleading claims about TCF's proposed $22 billion merger with Columbus, Ohio, bank Huntington Bancshares Inc.
Grand Rapids Business Journal
A division of TCF National Bank acquired a small-ticket equipment leasing and finance business.
TCF Capital Solutions, a division of Detroit-based TCF National Bank, said Monday that it acquired BB&T Commercial Equipment Capital (CEC), which includes a portfolio of about $1 billion of equipment finance leases and loans. CEC was Truist Bank’s national small-ticket equipment leasing and finance business.
Terms of the deal were not disclosed.
About 60 employees from Truist/CEC have joined the TCF team as a result of the transaction.
“We are excited the talented and experienced CEC team has joined TCF. The CEC business model is very complementary and consistent with the TCF Capital Solutions business model, which we believe will create significant incremental growth opportunities for our entire bank,” said Bill Henak, senior executive vice president, TCF Specialty Finance.
DBusiness Magazine
TCF National Bank Acquires Equipment Finance Firm with $1B Portfolio
TCF National Bank in Detroit, through a division called TCF Capital Solution, today announced it has acquired BB&T Commercial Equipment Capital Corp. The deal includes a portfolio of approximately $1 billion of equipment finance leases and loans.
TCF has acquired BB&T Commercial Equipment Capital Corp., which specializes in equipment finance. // Stock photo
TCF National Bank in Detroit, through a division called TCF Capital Solution, today announced it has acquired BB&T Commercial Equipment Capital Corp. The deal includes a portfolio of approximately $1 billion of equipment finance leases and loans.
Dow Jones, Hang Seng, Nikkei 225 Outlook: Will the Rally Carry on?
DOW JONES, HANG SENG, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK:
Dow Jones futures edged lower after registering a small loss on Monday
Reflation trade appears to have taken a pause as markets anticipate new fiscal stimulus to come in mid-March
The Hang Seng Index surged 2.4% and scrapped the 30,000 mark, reaching a fresh 20-month high
Fiscal stimulus, Earnings, Southbound flow to HK, Asia-Pacific Stocks Outlook:
US markets were mixed overnight with healthcare (+0.76%), consumer staples (+0.74%) and information technology (+0.55%) sectors outperforming. The Dow Jones Industrial Average underperformed the S&P 500 and Nasdaq 100 indices, reflecting a cooling appetite for reflation trades as investors returned to tech and staples seeking for certainty. Senate Majority leader Chuck Schumer said that he is aiming to pass the new fiscal stimulus plan by mid-March, which may have disappointed investors who had anticipat
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