The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency approved the proposed merger of Huntington Bancshares and TCF and of Huntington National Bank and TCF National Bank.
Tom Shafer, CEO of TCF, and Mike Jones, COO of TCF, will join Huntington’s executive leadership team following the completion of Huntington’s merger with TCF. Huntington also appointed Donald Dennis to its executive leadership team as chief diversity, equity and inclusion officer and executive vice president of learning and development.
TCF National Bank and Patriot Capital provided financing to Naprotek in connection with the company’s acquisition by Edgewater Capital Partners. FocalPoint Partners served as financial advisor to Edgewater.
Huntington Bancshares, the parent company of Huntington National Bank, and TCF Financial, the parent company of TCF National Bank, signed an agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion.
TCF National Bank completed its integration with Chemical Bank on Monday. TCF retired the Chemical brand and unveiled its new brand platform and ad campaign.
TCF Capital Funding announced it provided a $10 million secured financing to support the acquisition of Innovative Office Products by Corridor Capital.
TCF Capital Funding provided $13.5 million in senior secured credit facilities to support the acquisition of Gullett and Associates by Linx Partners and management.