Announced
Completed
Financials
Sources
Press release
TCF -
Press release
TCF -
Merger Agreement
Joint -
Press release
TCF Financial Corporation -
AMENDED EMPLOYMENT AGREEMENT
SEC Filing -
Investor Presentation
Chemical Financial -
Completion Announcement
TCF -
SEC Announcement
Chemical Financial and TCF -
SEC Press Release
Chemical Financial and TCF -
Tags
Majority
Single Bidder
Friendly
Completed
Public
United States
Banks
bank holding company
Merger
Synopsis
Chemical Financial, a banking company, and TCF Financial, a financial holding company, completed a $3.6bn merger. The merger of Legacy TCF and Chemical creates a premier Midwest bank, with the scale to deliver best-in-class products and services, banking experiences that help customers achieve their financial goals and the ability to invest in leading-edge digital banking solutions that make banking more convenient. Customers of new TCF will benefit from the bank’s strong community banking and wealth management capabilities, large deposit franchise and expertise in wholesale lending on a national basis. “The combination of TCF and Chemical delivers double-digit EPS accretion for each set of shareholders, significant cost synergies, top-tier return metrics, a more diversified balance sheet and a lower risk profile. We also share a deep commitment to supporting and giving back to the communities we serve,” Gary Torgow, Chemical’s Chairman.
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