A roundup of the day's important business news.
Grand Rapids-based Independent Bank Corp. (Nasdaq: IBCP) is open to a deal if a possibility arises, although CEO Brad Kessel reiterated to analysts when asked about M&A in a recent conference call that organic growth remains the priority.
We feel good about what we are doing.”Hampson’s parent company, Providence, R.I.-based Citizens Financial Group Inc. (NYSE: CFG) has grown its footprint through three recent acquisitions. Pending approval of the merger, the new TCF Financial Corp. would be twice as large …
Monday-Thursday.
TCF Bank is a premier Midwest bank offering consumer and commercial banking, trust and wealth…See this and similar jobs on LinkedIn.
Please direct all media inquiries to Jennifer Brewer, Director of Marketing atChemical Financial Corp.’s $3.6 billion all-stock deal acquisition of TCF Financial Corp. to operate under the TCF Bank brand name will make it the largest midcap bank in the Midwest — and may require more downtown Detroit office space.“I think (the headquarters) is going to have to grow, because we’re going to have more people in Detroit,” said Chemical Bank chairman Gary Torgow, who will become executive chairman of the new holding company that will own both banks.Chemical Bank officially moved its headquarters from Midland to downtown Detroit last year and began planning the construction of a 20-story, 250,000-square-foot headquarters building at Woodward Avenue and Elizabeth Street, across from Comerica Park. Sign up now to receive notifications when News & Insights has been updated. We have more than 100 branches in Southeast Michigan, and we’ve been growing our commercial lending business, as well.
Highlights prominent personalities, job changes and executive appointments. TCF Bank is the wholly owned banking subsidiary of TCF Financial Corporation, a bank holding company headquartered in Detroit, Michigan.As of November 2017, TCF Bank had nearly 321 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Arizona and South Dakota. The Chemical-TCF and ChoiceOne-County Bank acquisitions are the latest deals involving West Michigan banks. This will go down as one of the biggest success stories in the history of state banking.”Chemical Bank’s competitors see it as an ideal time for banks in the region.“My general reaction is that the combination of these two banks makes for a nice additional competitor in the marketplace,” said Rick Hampson, Michigan market president for Citizens Bank. TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it has completed its previously announ TCF Bank Completes Acquisition …
Intercontinental Exchange boosts mortgage business with deal to buy Ellie Mae from Thoma BravoCitibank will replace destroyed Gresham branch—but maybe not in GreshamNeed-to-know stories from Crain's and around the web. The returns to shareholders and what they’ve created is very impressive.”McEvoy said that TCF was particularly strategic for Chemical because of its broader lines of commercial lending.
"We committed to bring 500 people to Detroit, but I think that number's gonna grow.
Scoops on Chicago's residential real estate industry.
Chemical Bank, TCF Bank plan merger headquartered in Detroit.
The two companies said the new TCF Bank will be among the top 10 banks in market share in the Midwest.The combined companies will be based in Detroit under the TCF Bank name, but will maintain a significant operating presence in Minneapolis as well as Midland and Chicago. We see it as an opportunity to be the powerhouse Midwest bank for lending and deposits. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. It took a lot of planning to make this happen.”Of the growth of a one-branch bank to where it will be when the deal closes, Donnelly said: “It’s an amazing story.
We welcome the competition. Gretchen Whitmer and Detroit Mayor Mike Duggan about the acquisition Sunday.
TCF National Bank, a Minnesota-based depository, announced that it has completed its acquisition of Rubicon Mortgage Advisors, a mortgage lender …