“A lot of folks were grateful for the opportunity, which you know, we were glad to provide the opportunity, but we were really pleased with some of the feedback that we got in regard to the ease and speed of the process,” Summers said. TCF Completes Merger with Chemical Bank AUG 11, 2020 - 6:51 am TCF National Bank completed its integration with Chemical Bank on Monday. To learn more about TCF, visit ir.tcfbank.com. Chemical Bank was the principal operating subsidiary of the Chemical Banking Corporation, a bank holding company.As of the end of 1995, before its merger with the Chase Manhattan Bank, Chemical was the third-largest bank in the United States by total assets, with $182.9 billion.The Chemical Banking Corporation was the fifth-largest bank holding company in terms of total assets. Universal Sign workers exchange Chemical Bank sign for TCF sign at banking center location in Southfield, Michigan on Friday, August 7th. 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. Initially, TCF Bank will operate under both the TCF and Chemical Bank brands. 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. Discover our products and services, convenient ATMs, digital banking and more, from TCF Bank. Also locally, the flood relief loan program has come to an end, with 94 interest-free loans totaling $908,500 distributed to area residents affected by flooding. TCF has approximately 475 banking centers primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. The merger of TCF Financial (TCF) and Chemical Financial is expected to be accretive to earnings per share of both the companies by 2020. So, a lot of excitement from the team as we roll out the new brand.”. “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,” said Craig R. Dahl, president and chief executive officer, TCF Financial Corporation, in a statement. Chemical Bank – which was founded in Midland in 1917 as Chemical State Savings Bank – was purchased by TCF Financial Corporation and the merger was closed in August 2019, forming Michigan’s largest national bank holding company. We look forward to continuing to be an essential part of the Great Lakes Bay Region with 500-plus employees in the area,” said Market President Jordan Summers. Chemical Financial Corporation (“Chemical”) (NASDAQ: CHFC) and TCF Financial Corporation (“TCF”) (NYSE: TCF) today announced executive leadership appointments for the combined company (“new TCF”). (952) 745-2766. Get hours, reviews, customer service phone number and driving directions. Chemical Bank – which was founded in Midland in 1917 as Chemical State Savings Bank – was purchased by TCF Financial Corporation and the merger was closed in … Chemical Bank … 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. investor@tcfbank.com (Investors) Skip Cancel Log in Use a different verification option Cancel Log in Use a different verification option “I would say the employees here in the community were all obviously legacy Chemical Bank employees and we’re very proud of that heritage, while also ... excited to continue as the new brand as well. TCF has officially closed a merger with Chemical Bank, according to a statement on its website. TCF Executive Chairman Gary Torgow thanks Dahl for guiding the integration of TCF Bank and Chemical Bank; David T. Provost named TCF Financial Corporation chief executive officer Bank conveniently on your mobile device with Chemical Bank, a division of TCF National Bank. 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Prior to the combination of TCF and Chemical Bank, I thought of them both as being "better than average". 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.”. TCF is providing this link as a convenience and does not endorse and is not responsible for the products, services, links, content, privacy or security policies, or system availability of this website. TCF's links to social media sites are also being provided as a convenience. 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.”. Approximately 200 banking centers in Michigan and Ohio that previously operated as Chemical Bank were impacted by the name change. TCF is providing this link as a convenience and does not endorse and is not responsible for the products, services, links, content, privacy or security policies, or system availability of this website. TCF Bank has $23.7 billion in assets, about 6,500 … 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. “We’re certainly very excited for TCF in the region. “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. 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 will merge into Chemical. TCF Bank Boardman branch is located at 724 Boardman-Poland Road, Boardman, OH 44512 and has been serving Mahoning county, Ohio for over 121 years. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. There is no timeline yet for the opening of the new center, as the process is in the initial site development stages. TCF retired the Chemical brand and unveiled its new brand platform and ad campaign. 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 TCF Bank name as the Chemical Bank brand is retired TCF National Bank announced the successful completion of its integration with Chemical Bank on Monday, creating a strong foundation to strengthen individuals, … TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. Click here to subscribe to news release email alerts for TCF Financial Corporation. (248) 608-5239, Timothy Sedabres (Investors) Call us at 1-800-TCF-LEND (823-5363) or 763-559-0294 (TTY) “TCF is a purpose-driven company passionate about how we can help people and businesses realize their dreams. TCF Press Contact: Universal Sign workers exchange Chemical Bank sign for TCF sign at banking center location in Southfield, Michigan on Friday, August 7th. TCF’s new ad campaign that launched Monday was developed in partnership with Doner, its advertising agency of record. TCF Bank has a storied history in Minnesota, having been founded in Minneapolis in 1923 as Twin City Building and Loan. Get hours, reviews, customer service phone number and driving directions. Randi Berris (Media) Its local and regional partnerships have been enhanced through the merger. The combined holding company and bank will be headquartered in Detroit, Michigan and operate under the TCF … news@tcfbank.com $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. Now, the integration is complete and TCF is sharing its new tagline, “What’s in it for We.” This announcement follows a $1 billion loan commitment for five years to minority communities and minority-owned and women-owned small businesses in addition to multiple other financial commitments. In addition to local developments, TCF Financial Corporation is building a new headquarters in Detroit. The brand launch will be supported by an integrated marketing strategy that includes TV, radio, print, digital and social media. Our automated phone system is available 24/7 to make a loan payment from a TCF account or a non-TCF account. Cards were mailed during the months of June and July. “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. 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