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TCF-Huntington bank deal promises dual headquarters, but will it work?

TCF-Huntington bank deal promises dual headquarters, but will it work? Some experts say one location sure to take priority over other Banks increasingly working on distributed models Nick Manes/Crain s Detroit Business TCF Bank s new Detroit headquarters, seen here under construction on Dec 15, is expected to open in 2022. Location matters in the banking world. Because of that, the principals involved in the proposed acquisition of TCF Financial Corp. of Detroit by Columbus, Ohio-based Huntington Bancshares Inc. are betting that headquarters in both cities is the way to go. Should the deal, announced Sunday night, close as expected in the second quarter of next year, the combined bank would be among the 20 largest in the U.S. with nearly $170 billion in assets.

Here s what Detroit is gaining and losing in TCF-Huntington merger

Here s what Detroit is gaining and losing in TCF-Huntington merger
mdjonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdjonline.com Daily Mail and Mail on Sunday newspapers.

Huntington, TCF to merge in $22B deal | News, Sports, Jobs

Dec 15, 2020 WARREN Detroit-based TCF National Bank, which just last year acquired Chemical Bank, will merge into Huntington National Bank of Columbus in a $22 billion deal that will create a top 10 regional bank in the U.S. Under terms of the agreement, the combined holding company and bank will operate under the Huntington name and brand following the closing of the transaction, expected to happen in the second quarter of 2021. “This merger combines the best of both companies and provides the scale and resources to drive increased long-term shareholder value. Huntington is focused on accelerating digital investments to further enhance our award-winning people-first, digitally powered customer experience,” said Stephen D. Steinour, chairman, president and CEO of the holding company / CEO and president of the bank.

Detroit loses corporate bank HQ, but CEO says Huntington commercial hub is forever

Detroit loses corporate bank HQ, but CEO says Huntington commercial hub is forever
mdjonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mdjonline.com Daily Mail and Mail on Sunday newspapers.

Huntington Bancshares Incorporated (NASDAQ:HBAN), (TCF) - Huntington Bancshares, TCF Financial Near Merger Deal: WSJ

Huntington Bancshares Incorporated (NASDAQ:HBAN), (TCF) - Huntington Bancshares, TCF Financial Near Merger Deal: WSJ
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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