The headquarters for the Commercial Bank will be in Detroit where at least 800 employees of the combined company, nearly three times the number TCF had planned, will be housed in the downtown structure. To learn more about TCF, visit tcfbank.com. [1] Footprint defined as IL, IN, MI, MN, OH, WI, WV, Denver and Pittsburgh. Chemical Bank completed its "merger of equals" with TCF Bank on ... TCF and Chemical banks won't be merged until mid-2020, Shafer said. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Huntington. TCF Bank has announced that it will merge with Huntington, and is expected to change the name of its banking centers and ATMs to the Huntington brand in … Excludes all deposits above $0.5 billion at any branch (excluded deposits are assumed to include a significant level of commercial deposits or are headquarter branches for direct banks). David L. Porteous will serve as Lead Director of the holding company’s Board of Directors and the bank’s Board of Directors. The merger uniquely positions the combined organization to capitalize on market opportunities and broaden the channels and customers it serves through expanded distribution and product offerings. CAUTION REGARDING FORWARD-LOOKING STATEMENTS. Huntington is focused on accelerating digital investments to further enhance our award-winning people-first, digitally powered customer experience,” Steinour said. Shareholders will be able to obtain a free copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about Huntington and TCF, without charge, at the SEC’s website (http://www.sec.gov). The combined organization will significantly improve Huntington’s market position, increase scale and provide greater revenue growth opportunities. and last updated 1:28 AM, Dec 14, 2020 (WXYZ) — Two banks with presences in Michigan are merging. “We will be a top regional bank, with the scale to compete and the passion to serve. Together we will have a stronger company better able to support our customers and drive economic growth in the communities we serve.”. The banks will operate under the Huntington name and will have two headquarters for different operations. Huntington Bank announced it is merging with TCF Bank in a $22 billion deal and made a $5 billion commitment to Michigan in 2020, further cementing the bank’s West Michigan influence. U.S. regional lenders Huntington Bancshares and TCF Financial have entered an all-stock deal to create a company worth about $22 billion in market value, the companies said on … TCF Financial Corporation (Nasdaq: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Sept. 30, 2020 and a … The merger is expected to close in the second quarter of 2021. “This merger combines the best of both companies and provides the scale and resources to drive increased long-term shareholder value. Together we will have a stronger company better able to support our customers and drive economic growth in the communities we serve.”, “This partnership will provide us the opportunity for deeper investments in our communities, more jobs in Detroit, an increased commitment in Minneapolis and a better experience for our customers,” Board chair Gary Torgow said. TCF Center to be renamed again after TCF, Huntington banks announce merger TCF Center was renamed in late 2019 TCF Financial Corporation (Nasdaq: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Sept. 30, 2020 and a top 10 deposit market share in the Midwest. Huntington And TCF Finanical Merger: Building A Powerhouse Bank Dec. 15, 2020 11:21 AM ET Huntington Bancshares Incorporated (HBAN) , TCF 4 Comments 6 Likes ALG Research In connection with the proposed transaction, Huntington will file with the SEC a Registration Statement on Form S-4 that will include a Joint Proxy Statement of Huntington and TCF and a Prospectus of Huntington, as well as other relevant documents concerning the proposed transaction. TCF is proud to be an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. The company is expected to extend its top quartile financial metrics after completion of the integration. To opt-in for email alerts, please enter your email address in the field below and select at least one alert option. It's not clear what will happen to the name. Additional factors that could cause results to differ materially from those described above can be found in Huntington’s Annual Report on Form 10-K for the year ended December 31, 2019 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended September 30, 2020, each of which is on file with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Relations” section of Huntington’s website, http://www.huntington.com, under the heading “Publications and Filings” and in other documents Huntington files with the SEC, and in TCF’s Annual Report on Form 10-K for the year ended December 31, 2019 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended September 30, 2020, each of which is on file with the SEC and available on TCF’s investor relations website, ir.tcfbank.com, under the heading “Financial Information” and in other documents TCF files with the SEC. This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Huntington and TCF, the expected timing of completion of the transaction, and other statements that are not historical facts. You can unsubscribe to any of the email alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Discover our products and services, convenient ATMs, digital banking and more, from TCF Bank. Copyright 2021 Scripps Media, Inc. All rights reserved. Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. Information regarding Huntington’s directors and executive officers is available in its definitive proxy statement relating to its 2020 Annual Meeting of Shareholders, which was filed with the SEC on March 12, 2020, and other documents filed by Huntington with the SEC. Merging with the Huntington platform will be a great benefit to all of our stakeholders and will drive significant opportunities for our team members.”. Under the merger, Huntington will take over TCF, meaning the Michigan-based bank will lose its name. With a rich history of caring for customers and colleagues, the new organization will have a top 5 rank in approximately 70% of its deposit markets[1] and will leverage its scale to serve customer needs through a distinctive, “People-First, Digitally-Powered” customer experience. COLUMBUS, Ohio and DETROIT, Dec. 13, 2020 – Huntington Bancshares Incorporated (“Huntington”) (Nasdaq: HBAN; www.huntington.com), the parent company of The Huntington National Bank, and TCF Financial Corporation (“TCF”) (Nasdaq: TCF; www.tcfbank.com), the parent company of TCF National Bank, today announced the signing of a definitive agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion to create a top 10 U.S. regional bank with dual headquarters in Detroit, Michigan and Columbus, Ohio. Huntington’s senior management will host a conference call at 8:30 a.m. Eastern Time, Monday, December 14, 2020, to discuss the strategic and financial implications of the transaction. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. Detroit-based TCF Financial Corp. will merge into Huntington Bancshares Inc. in a $22 billion all-stock merger that creates one of the largest regional banks … A new headquarters is under construction on Woodward Ave. near the Fox Theatre across from Comerica Park. Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $120 billion of assets and a network of 839 full-service branches, including 11 Private Client Group offices, and 1,330 ATMs across seven Midwestern states. Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Huntington Investor Relations, Huntington Bancshares Incorporated, Huntington Center, HC0935, 41 South High Street, Columbus, Ohio 43287, (800) 576-5007 or to TCF Investor Relations, TCF Financial Corporation, 333 W. Fort Street, Suite 1800, Detroit, Michigan 48226, (866) 258-1807. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Bank with a team that supports your financial wellness. The pro forma combined company will have approximately $168 billion in assets, $117 billion in loans, and $134 billion in deposits. On Monday, it was announced Huntington Bancshares Inc. is combining the two companies together to create a top 10 U.S. regional bank under the Huntington name. 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