TCF National Bank, a Detroit, Michigan-based financial holding, completed the acquisition of BB&T Commercial Equipment Capital, which includes a portfolio of approximately $1bn of equipment finance leases and loans, from Truist Financial, an American bank holding company. Financial terms were not disclosed. "We are excited the talented and experienced CEC team has joined TCF. The CEC business model is very complementary and consistent with the TCF Capital Solutions business model, which we believe will create significant incremental growth opportunities for our entire bank," Bill Henak, TCF Specialty Finance Senior Executive Vice President.