Daily News: July 22, 2013

TCF Names Costa as Chief Risk Officer

TCF Financial announced that it has named James Costa as chief risk officer, effective August 1, 2013.

Costa brings with him more than 20 years of financial services experience, with 13 years in risk management. He most recently served as executive vice president of risk and head of enterprise portfolio management at PNC Financial. Prior to PNC, Costa led enterprise credit strategy for Wachovia.

As chief risk officer, Costa will work closely with TCF’s board of directors, executive management team and business line leaders to provide effective oversight of TCF’s enterprise risk management function.

“We are very excited about the impact that Jim will have on the TCF organization as chief risk officer,” said William A. Cooper, chairman and chief executive officer. “His wealth of risk management and leadership experience within the banking industry will be both a great addition to the organization and of great value to our board of directors. Adding Jim allows us to further enhance our enterprise risk management practices as we take TCF forward to serve our shareholders.”

In the chief risk officer role, Costa succeeds David M. Stautz who has served on an interim basis since November 2012.