TCF Financial Corporation (“TCF” or the “Company”) (NYSE: TCB) today reported net income of $35.1 million for the fourth quarter of 2013, compared with net income of $23.6 million for the fourth quarter of 2012, and net income of $37.9 million for the third quarter of 2013. TCF Financial Corporation Media: Mark Goldman, 952-475-7050 news@tcfbank.com or Investors: Jason Korstange, 952-745-2755 investor@tcfbank.com Site Navigation Home (TCF Bank). [9], In 2017, David B. Ramaker, president and chief executive officer of the bank, retired and was succeeded by David T. In the 1990s, the company expanded banking into Michigan through the acquisitions of First Federal Savings Bank of Oakland County and Great Lakes National Bank. TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at December 31, 2020 and a top 10 deposit market share in the Midwest. TCF maintains a well-diversified loan and lease portfolio[clarification needed] by business unit, segment, geography, rate, duration and collateral type. https://en.wikipedia.org/wiki/TCF_Financial_Corporation_(1923–2019) In 2011, TCF entered the indirect auto finance business with the acquisition of Gateway One Lending & Finance. As of December 31, 2013, TCF had $18.4 billion in total assets and nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona, and South Dakota, providing retail and commercial banking services. On January 28, 2019, Chemical Bank of Detroit announced it would merge with TCF. It closed 37 branches in 2013 and another 33 in 2016. [22], TCF is the naming rights sponsor of the University of Minnesota's TCF Bank Stadium. In 1936, it was given a federal charter and renamed as Twin City Federal Savings and Loan Association. CHEMICAL FINANCIAL CORPORATION … TCF FINANCIAL CORPORATION AND SUBSIDIARIES: RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (1) (Dollars in thousands, except per share data) (Unaudited) At Dec. 31, At Dec. 31, 2017: 2016: Computation of tangible common equity to tangible assets and tangible book value per common share: Total equity $ 2,680,584 $ 2,444,645 Less: Non-controlling interest in subsidiaries … TCF FINANCIAL CORPORATION AND SUBSIDIARIES Consolidated Quarterly Average Balance Sheets (Unaudited) Quarter Ended Change From Sep. Jun. See how TCF is offering credit products to help minority and women-owned small business grow and thrive. [3], In May 2010, the bank acquired O.A.K. Financial Corporation", "Chemical Financial Corporation Completes Acquisition of Northwestern Bancorp, Inc", "Chemical Financial Corporation Completes Acquisition of Monarch Community Bancorp, Inc", "Chemical Financial Corporation Completes Acquisition of Lake Michigan Financial Corporation", "Chemical Financial Corporation Completes Merger With Talmer Bancorp, Inc", "Chemical Financial Corporation Announces Retirement of its CEO and President David B. Ramaker", "Chemical Bank to build new 20-story HQ in Downtown Detroit, bringing 500 jobs to city", "TCF Bank to end affiliation with University", "Two downtown Ann Arbor buildings sold for $50 million", "TCF to sell 10 bank branches in Michigan", "Midwest bank to open in Mesa, expand across Arizona", "TCF to close 37 bank branches in Chicago Jewel-Osco stores", "TCF Bank closing 33 branches inside Jewel-Osco", "TCF Bank faces lawsuit over overdraft fees", "TCF Bank Adds New $28 Daily Overdrawn Balance Fee", "The loophole that got Discover's logo inside TCF Bank Stadium", "Chemical Bank to pay $33M to rename Cobo Center", "TCF Bank set to replace Cobo Center name next week", https://en.wikipedia.org/w/index.php?title=TCF_Financial_Corporation&oldid=1001570442, Economy of the Southwestern United States, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License. DETROIT & WAYZATA, Minn.--(BUSINESS WIRE)-- Chemical Financial Corporation (“Chemical”) (NASDAQ: CHFC) and TCF Financial Corporation (“TCF”) (NYSE: TCF) today announced executive leadership appointments for the combined company (“new TCF”). Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). TCF's primary funding source for its loan and lease growth is its low cost, core deposit base. TCF, through its subsidiaries, also conducts commercial leasing and … [14], On November 6, 2006, TCF announced the sale of 10 branches in Battle Creek, Bay City, and Saginaw to Independent Bank. Also responsible for system-wide ATM and in-store branch banking contracts for TCF National Bank, its $15 + billion bank subsidiary. The combined company has $47 billion in … [19] The bank processed higher amount transactions first in order to drain customer accounts faster, allowing TCF to then increase the number of total overdraft charges from each of the smaller amounts remaining, as well as charging overdraft fees on a daily basis rather than posing one flat fee. TCF Commercial Finance New Zealand Limited. [3], In 1937, the headquarters of Chemical Bank was the site of the infamous bank robbery by Tony Chebatoris, which resulted in Chebatoris being the only man to receive the death penalty in the state of Michigan. Corporate Governance TCF Financial Corporation’s ISS Governance QualityScore as of December 1, 2020 is 1. Financial Corporation. A Financial Advisor can help you get there. [23] In February 2019, it was announced that Chemical Financial had acquired the naming rights to Detroit's Cobo Center, which was renamed TCF Center in August 2019. In 1936 it was given a federal charter and renamed as Twin City Federal Savings and Loan Association. [10], On July 25, 2018, the company announced the move of its headquarters, along with over 500 employees, to Detroit.[11]. 1997 saw the acquisition of Winthrop Resources Corporation and 2004 saw the acquisition of VGM Leasing, Inc. TCF's loan and lease portfolio consists of consumer real estate, commercial, leasing and equipment finance, inventory finance and auto finance. TCF Financial Corporation was founded in 1923 and is headquartered in Detroit, Michigan. Mar. [6] It will maintain large operating centers in Minneapolis and Midland, Michigan.[7]. OUR PROMISE We helps you take care of you. TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. TCF Financial Corporation began business in 1923 as Twin City Building and Loan Association. The company went public in 1986 chartered under the name TCF Banking and Savings, F.A. In 2002, the University of Michigan announced that TCF Bank was selected as a preferred provider of banking services to students, faculty, and staff. Quarterly net income of $23.8 million, or $0.14 per diluted share, down 54.2% from the first quarter of 2020 Adjusted diluted earnings per common share of $0.54 (1), down 5.3% from the first quarter of 2020. Merger of Equals On August 1, 2019 (the "Merger Date"), TCF Financial Corporation, a Delaware corporation ("Legacy TCF"), merged with and into Chemical Financial Corporation ("Chemical"), with Chemical surviving the merger (the "Merger"). [12] In 1999, all of the branches were rebranded as TCF. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and … Non-controlling interest in subsidiaries (25,328) Total TCF Financial Corporation shareholders' equity 5,605,159 Preferred stock (169,302) Average total common shareholders' equity used in ROACE calculation (h) 5,435,857 When it comes to your financial goals, taking action is the first step to your success. Business data for TCF Financial Corporation: This page was last edited on 19 April 2020, at 20:05. New Zealand. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 … TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. 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. [1], The company traces its roots to both TCF Financial Corporation and Chemical Financial Corporation, which merged in 2019. I. In 2004, the bank acquired of VGM Leasing, Inc. How we represent the underrepresented. This Charter sets forth the organization and operation of the Audit Committee (the “Committee”) of TCF Financial Corporation (the “Company”) and has been approved by the Company’s Board of Directors (the “Board”). TCF Financial Corporation: Outlook: Stable-Local Currency LT: BBB--Senior Unsecured Debt--Subordinated Debt--Short-Term Debt--Pref. TCF Financial Corporation (NASDAQ: TCF): Fourth Quarter 2020 Highlights Quarterly net income of $91.4 million, or $0.58 per diluted share, up 63.9% from the third quarter of 2020 Adjusted diluted earnings per common share of $0.75 (1) , up 19.0% from the third quarter of 2020. [5], In October 2014, the bank acquired Northwestern Bank for $121 million in cash. TCF FINANCIAL CORPORATION BOARD OF DIRECTORS AUDIT COMMITTEE CHARTER Effective April 22, 2020. TCF FINANCIAL CORPORATION AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited) Computation of adjusted diluted earnings per … TCF offers various banking services: checking; traditional, supermarket and campus branches; debit cards with Apple Pay, coin counting and withdrawals at ATMs; and TCF Online Banking and Mobile Banking. TCF Foundation: TCF Illinois Realty Investments, LLC : Minnesota : TCF Illinois Realty Investments, LLC: TCF Insurance Agency, Inc. Minnesota : TCF Insurance Agency, Inc. TCF Insurance (MN) TCF International Management Services, LLC : Minnesota : TCF International Management Services, LLC: TCF International Operations, Inc. Minnesota : TCF International Operations, Inc. TCF, through its subsidiaries, also conducted commercial leasing and equipment finance business in all 50 states, commercial inventory finance business in the United States and Canada,[2] and indirect auto finance business in 45 states.[3]. TCF Financial Corporation: Outlook: CreditWatch Positive-Local Currency LT: BBB--Senior Unsecured Debt--Subordinated Debt--Short-Term Debt--Pref. For the company that adopted the TCF name after purchasing this company, see, Learn how and when to remove this template message, "Chemical Financial to Acquire TCF in $3.6B All-Stock Deal", "Chemical Bank, TCF Bank plan merger headquartered in Detroit", "Chemical Bank to move headquarters to Detroit, bringing 500-plus employees", List of companies based in Minneapolis–Saint Paul, https://en.wikipedia.org/w/index.php?title=TCF_Financial_Corporation_(1923–2019)&oldid=951953138, Companies formerly listed on the New York Stock Exchange, Economy of the Southwestern United States, Short description is different from Wikidata, Articles needing additional references from February 2019, All articles needing additional references, Wikipedia articles needing clarification from October 2013, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Craig R. Dahl, President, Chief Executive Officer, Chairman of the Board, Thomas F. Jasper, Vice Chairman of the Board & Chief Operations Officer, Brian W. Maass, Executive Vice President, Chief Financial Officer, Chief Investment Officer, Treasurer, Thomas J. Butterfield, Executive Vice President & Chief Information Officer, Michael S. Jones, Executive Vice President - Consumer Banking, Retail Lending, and Gateway One Lending & Finance. TCF Financial Corporation (NASDAQ: TCF): Second Quarter 2020 Highlights. Through its subsidiaries, TCF offers consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses, and commercial clients. It also acquired First Federal Savings Bank of Oakland County. TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are lowering their prime rate to 5.25 percent from 5.50 per [18], In 2010, TCF Bank was sued regarding overdraft charges. TCF FINANCIAL CORPORATION Company Number 800074193 Previous Company Numbers. TCF FINANCIAL CORPORATION Exhibit 21 Subsidiaries of Registrant (As of March 19, 1996) [Enlarge/Download Table] NAMES UNDER WHICH SUBSIDIARY SUBSIDIARY STATE OF INCORPORATION DOES BUSINESS TCF Financial Insurance Illinois TCF Financial Insurance Agency Agency Illinois, Inc. Illinois, Inc. TCF Insurance TCF Financial Insurance Minnesota TCF Financial Insurance Agency … SEC CIK number: 19612 ; US EIN number: 382022454; Incorporation Date 27 August 1973 (over 47 years ago) Company Type DOMESTIC PROFIT CORPORATION Jurisdiction Michigan (US) Registered Address. Dec. Mar. [21], In January 2013, the Office of the Comptroller of the Currency assessed a $10 million fine on TCF for violating the Bank Secrecy Act for failure to file suspicious activity reports in a timely fashion. Stock Non-cumulative (Domestic) BB-Ba1: Subsidiaries. The University terminated this agreement in 2015.[13]. As of December 31, 2013, TCF had $18.4 billion in total assets and nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona, and South Dakota, providing retail and commercial banking services. Provost. [3], In 1974, the bank changed its name to Chemical Bank. In 2008, TCF entered the commercial inventory finance business in the U.S. and Canada with the creation of TCF Inventory Finance, Inc. TCF then entered the indirect auto finance business with the acquisition of Gateway One Lending & Finance in 2011. [24][25], Office of the Comptroller of the Currency, "TCF Financial Gains on $6 Billion Huntington Bancshares Deal", "Chemical Financial Corporation and TCF Financial Corporation Close Merger of Equals to Become the New TCF", "Institution History for CHEMICAL BANK (542649)", Federal Financial Institutions Examination Council, "Current case brings attention to historic Chebatoris", "Chemical Financial Corporation Completes Acquisition of O.A.K. In 2011, TCF Bank changed its overdraft policy to include a daily $28 fee. Australia. Dr. Theresa M. H. Wise has been elected to the TCF Financial Corporation Board of Directors. TCF Financial Corporation began business in 1923 as Twin City Building and Loan Association. [2], Chemical State Savings Bank was founded in 1917. [4][5] The new corporation will retain the TCF name, but be headquartered in the tower Chemical is constructing in Detroit. Business data for TCF Financial Corporation: This page was last edited on 20 January 2021, at 07:55. [17] In some locations, it replaced the full-service branches with ATMs. TCF Commercial Finance Canada, Inc. Financement Commercial TCF Canada, Inc. TCF Commercial Finance New Zealand Limited. [4], In 1964, the bank changed its name to Chemical Bank Trust. TCF Financial Corporation is 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. In 1997, the bank acquired Winthrop Resources Corporation. A year later, it reorganized as a holding company, TCF Financial Corporation. In 1995, TCF increased its Michigan presence by acquiring the Great Lakes National Bank. TCF FINANCIAL CORPORATION AND SUBSIDIARIES Consolidated Statements of Financial Condition (Unaudited) Change From (Dollars in Dec. 31, Sep. … 063235; Other Identifiers. [6], In April 2015, the bank acquired Monarch Community Bancorp for $27.2 million in stock. You know where you are -- and where you want to go. [20] After public backlash, the bank reversed its policy in 2012. 235 E MAIN ST MIDLAND MI 48640; United States; Previous Names. In 2008, TCF entered the commercial inventory finance business in the U.S. and Canada with the creation of TCF Inventory Finance, Inc. As of June 30, 2018, TCF had $23.2 billion in total assets and 315 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona and South Dakota providing retail and commercial banking services. Webull Financial LLC is a member of the Financial Industry Regulatory Authority , Securities Investor Protection Corporation , The New York Stock Exchange and NASDAQ. In December 2020, TCF announced a merger with Huntington Bancshares. [8], In August 2016, the bank acquired Talmer Bancorp for $1.7 billion in cash and stock. TCF Financial Corporation is a bank holding company based in Detroit, Michigan. TCF Financial Corporation TCF has concluded an all-stock deal to acquire Chemical Financial Corporation, announced in January 2019. TCF Commercial Finance Australia Pty Ltd. TCF Commercial Finance Canada, Inc. Canadian Federal Corporation. TCF Financial Corporation (together with its direct and indirect subsidiaries, are referred to as "we," "us," "our," "TCF" or the "Corporation". [7], In June 2015, the bank acquired Lake Michigan Financial Corporation for $187.4 million in cash and stock. [15], Its first branch in Arizona was opened in Mesa, Arizona, on December 13, 2006.[16]. TCF Financial Corporation was a Wayzata, Minnesota-based national bank[1] holding company until 2019, when it was purchased by the Chemical Financial Corporation, which adopted the TCF name. TCF Financial (formerly known as Chemical Bank Corporation) is a financial holding company. 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