Newsroom

TCF Inventory Finance

  • 2/19/19
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (“TCF”) (NYSE: TCF) today announced that Dr. Theresa M. H. Wise has been elected to the TCF Board of Directors, effective immediately. Dr. Wise will initially serve on the Technology Committee, Risk Committee, and Finance Committee. Dr. Wise currently serves as CEO and Principal for Utaza, LLC, a business advisory group focused on IT strategy, customer data analyticsmore...
  • 2/14/19

    Three-game women’s ice hockey series February 12-17; game three on Sunday, February 17 in Detroit is the first rematch on U.S. soil of the 2018 Olympic gold-medal game

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it will serve as the presenting sponsor of the Rivalry Series game three between the women's national ice hockey teams of the U.S. and Canada on Sunday, Feb. 17. Opening faceoff is set for 12 noon ET at Little Caesar's Arena in Detroit. "We're excited to welcome TCF Bank and appreciate its support of USAmore...
  • 1/28/19
    • Creates a premier bank in the Midwest with $45 billion in assets
    • Enhances competitive position by delivering the scale, profitability and predictable performance required to compete and win in an evolving market
    • Merger combines two complementary platforms – strengthening each company’s standalone growth profile
    • EPS accretion, relative to consensus estimates, of 17% to Chemical shareholders and 31% to TCF shareholders; 2.7-year tangible book value per share earn back
    • Combined company retains shared values including deep community ties, customer-centric focus and commitment to performance
    • Significant operation centers in Minneapolis, Midland and Chicago
    DETROIT & WAYZATA, Minn.--(BUSINESS WIRE)--Chemical Financial Corporation (“Chemical”) (NASDAQ: CHFC) and TCF Financial Corporation (“TCF”) (NYSE: TCF) today announced the signing of a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, TCF will merge into Chemical, and the combined holdingmore...
  • 4/03/18

    Company thanks its more than 200 team members and nearly 11,000 customers for a decade of business growth, reaching $7.4 billion in originations last year

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Inventory Finance, Inc. (TCFIF), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today marks its 10th year in business. TCFIF was founded April 3, 2008 and has grown from a startup with 10 team members to a mature lending business with more than 200 team members providing inventory finance solutions to manufacturers, distributors and dealers in all 50 states and Canadamore...
  • 12/29/17
    • TCF to record a one-time, estimated net tax benefit between $120 million and $140 million
    • TCF gives back $5 million in bonuses to team members and $5 million to nonprofit organizations in the communities it serves
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) announced today that as a result of the tax reform legislation enacted December 22, 2017, it will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax rates on these deferred amounts. Based on preliminary analysis, TCF expects to record a one-time net tax benefit in an estimated amount of between $120 million and $more...
  • 2/08/17

    Mr. Cooper served as CEO for nearly 30 years and is remembered for reinventing the company, his commitment to philanthropy and industry leadership

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (“TCF”) (NYSE:TCB) announced today that William A. Cooper, the corporation’s executive chairman and former chief executive officer for nearly 30 years, died yesterday. He was 73 years old. “The entire TCF family is deeply saddened by the passing of Bill Cooper and we will miss his passion for our company, its people and his strong leadership of our board of directors,” said Craig R. Dahl, TCF’s vicemore...
  • 11/24/15

    Executive appointments coincide with TCF President Craig R. Dahl transitioning to Chief Executive Officer

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE:TCB) announced today changes to its leadership team in conjunction with the transition of Craig R. Dahl, currently vice chairman and president, to the role of chief executive officer. These changes support TCF’s focus on driving shareholder value through execution against four strategic pillars: diversification, profitable growth, operating leverage and core funding. The leadership appointments are effectivemore...
  • 8/31/15
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (TCF) (NYSE:TCB) today announced that Craig R. Dahl, vice chairman and president, will succeed William A. Cooper as chief executive officer effective January 1, 2016. Cooper will remain chairman through 2017.“After the completion of a thorough succession planning process, the Board of Directors has unanimously chosen Craig Dahl to lead TCF into the future,” said Cooper. “The leadership and success Craig has demonstrated at TCF along with hismore...
  • 6/03/15
    WAYZATA, Minn. & BRILLION, Wis.--(BUSINESS WIRE)--TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCB), and Ariens Company (Ariens) announced today a definitive agreement to provide inventory financing to more than 1,500 Ariens and Gravely dealers across the United States and Canada. TCFIF will be the exclusive financing provider for its portfolio of lawn andmore...
  • 5/26/15

    Contemporary, new enterprise brand and TCF Bank advertising campaign are backed by new technology-driven banking experiences, enhanced products and a renewed focus on customer satisfaction

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCB) today announced a comprehensive rebranding of the financial services company, including a new logo, branded materials and advertising. The rebrand aligns TCF’s businesses in retail and commercial banking, commercial leasing, equipment finance, auto finance and inventory finance around an integrated brand package and messaging. The rebrand is backed by an investment in new technology-driven banking experiences, newmore...