TCF Financial launched TCF Capital Solutions to bring together the resources of TCF Equipment Finance and Winthrop Resources, a technology finance company owned by TCF, to deliver lending and leasing expertise and financing solutions to the healthcare, industrial, specialty markets, and technology industries.
“The expertise and deep industry knowledge of our teams in TCF Capital Solutions, combined with the strong support of the financial resources of TCF Bank, differentiates us among leasing and financing providers,” said William S. Henak, executive vice president, Wholesale Banking for TCF. “Bringing together our equipment and technology finance businesses and serving our customers by industry will make it easier for our customers and they will benefit from our team’s knowledge and understanding of their business needs.”
“We have a strong focus on meeting and exceeding the needs of our customers and this change is in direct response to our customers telling us what more we can do to help them grow their businesses,” said Gary A. Peterson, CEO of TCF Capital Solutions. “We are positioning our experts in the healthcare, industrial, specialty and technology industries to serve as a single point of contact to our customers and to innovate and deliver new products and services that address their evolving business needs.”
TCF Capital Solutions executive leaders are:
- Richard J. Chenitz, president and chief operating officer
- Paul L. Gendler , executive vice president and managing director, Corporate Business Development and Capital Markets
- Todd Watterson, executive vice president and chief administrative and financial officer
TCF Capital Solutions will go to market with teams organized by industry expertise and specialty, including:
- Healthcare Finance, which includes hospitals, health systems, physician and group practices, outpatient, homecare, medical device, pharma, biotech and other adjacent health care and life science segments
- Industrial Finance, which serves construction, manufacturing, transportation, environmental and agriculture equipment financing
- Specialty Finance, which provides specialized vehicle and equipment financing for specialized markets, including tow trucks, motor coaches, emergency vehicles, funeral coaches, shuttle buses, in addition to golf and franchise financing
- Technology Finance, which provides financing of technology software and hardware as well as scalable data storage solutions for multiple industry segments
- Capital Markets, which purchases lease and loan transactions from banks and leasing companies and other capital markets activities as well as leads the strategic development of new markets and products