TCF Financial Corporation
Former American financial services company / From Wikipedia, the free encyclopedia
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TCF Financial Corporation was a bank holding company based in Detroit, Michigan. The current incarnation of the company was formed by a 2019 merger between the former TCF, which was established in 1923 in Wayzata, Minnesota, and the Michigan-based Chemical Financial Corporation. In December 2020, TCF announced a merger with Huntington Bancshares.[3] It was announced on May 26, 2021, that TCF Bank will be required by the Department of Justice to sell off 13 branches in Michigan. These branches were purchased by Horizon Bank at the end of the third quarter. The final approval has been given for the merger[4] and the merger was complete on June 9, 2021. The combined bank has $175 billion in assets.[5]
Company type | Subsidiary[1] |
---|---|
Industry | Banking |
Founded | 1917; 107 years ago (1917) |
Defunct | October 8, 2021; 2 years ago (2021-10-08) |
Fate | Acquired by Huntington Bancshares |
Headquarters | , U.S. |
Number of locations | 500 (before being converted to the Huntington brand in 2021) |
Area served | Midwest and Mountain West |
Key people | Gary Torgow (Executive Chairman) Craig R. Dahl (President and CEO) |
Revenue | US$2.1 billion (2019) |
US$294.5 million (2019) | |
Total assets | US$46.7 billion (2019) |
Number of employees | 10,000 |
Parent | Huntington Bancshares[2] |
Website | www |