Sanford department needs to be rebuilt after the flood
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Universal Sign staffers Kris Suhr (in brown shirt) and Eddie Bruining change over the Chemical Bank signs at the bank’s location at 12 Mile Road in Southfield on Friday 7 August. (Photo provided / TCF)
Universal Sign staffers Kris Suhr (in brown shirt) and Eddie Bruining change over the Chemical Bank signs at the bank’s location at 12 Mile Road in Southfield on Friday 7 August. (Photo provided / TCF)
Universal Sign staffers Kris Suhr (in brown shirt) and Eddie Bruining change over the Chemical Bank signs at the bank’s location at 12 Mile Road in Southfield on Friday 7 August. (Photo provided / TCF)
Universal Sign staff Kris Suhr (in brown shirt) and Eddie Bruining change over the Chemical Bank signs at the bank’s location at 12 Mile Road in Southfield on Friday 7 August. (Photo provided / TCF)
Over the weekend, you may have noticed that the white “Chemical Bank” banners were removed from characters, revealing the outward integration of the brand into what is now TCF Bank.
Chemical Bank – which was founded in Midland in 1917 as Chemical State Savings Bank – was acquired by TCF Financial Corporation and the merger closed in August 2019, forming Michigan’s largest national banking company.
“We are very excited for TCF in the region. We look forward to continuing to be an essential part of the Great Lakes Bay region with 500-plus employees in the area, “said Market President Jordan Summers. “We were employees and we are very proud of that heritage, while we are also … excited to continue as the new brand as well. That, a lot of excitement for the team as we develop the new brand.”
As of Monday 10 August, TCF’s primary banking sector, TCF National Bank, has rebranded all of its banking centers in the footprint of TCF under the TCF Bank name, and all consumers share a common experience of digital banking and mobile app , branded as TCF Bank.
About 200 banking centers in Michigan and Ohio that previously operated as Chemical Bank were affected by the name change.
“We have spent the past year integrating our technology systems to provide a best-class digital experience for our customers, both on our website and through our mobile app, while also upgrading the back-end systems to meet today’s new needs of TCF and good in the future, ”said Tom Shafer, President and Chief Executive Officer of TCF Bank, in a statement. “I am very proud of our team’s efforts to support our integration activities in the face of unexpected challenges, including a pandemic, domestic work, civil unrest and a historic flood in Midland, Michigan, home to some of our key operations. . This was not an easy task – but the ability of our team to execute our strategy despite the difficulties reflects the strength of our goal and beliefs. “
Now the integration is complete and TCF shares its new tagline, “What is it for us.” This announcement follows a $ 1 billion five-year loan obligation to minority municipalities and small businesses with minority ownership and small businesses in addition to several other financial obligations.
“Today is a historic day for the new TCF, and we want all our customers to know that with the final step completed in the fusion of equality, we will continue to be deeply committed to the communities in which we live, work and serve,” said Craig R. Dahl, president and chief executive officer, TCF Financial Corporation, in a statement.
In addition, there is some good news for Sanford’s customers. The site building will be rebuilt after flooding in May made the previous building unsafe and the site was demolished.
There is still no timeline for the opening of the new center, as the process is in the initial stages of the site’s development.
“We are excited to be a part of the reconstruction in Sanford as we look forward to moving the community forward,” Summers said.
Locally, the flood relief program has come to an end, with 94 interest-free loans totaling $ 908,500 distributed to residents of flood-affected areas.
“A lot of people were grateful for the opportunity, you know, we were happy to offer the opportunity, but we were really happy with some of the feedback we got about the ease and speed of the process,” said Summers.
In addition to local developments, TCF Financial Corporation is building a new headquarters in Detroit. The financial holding company has $ 50 billion in total assets and is the largest bank based in Michigan offering consumer and commercial banking, trust and wealth management, and special leasing and lending of products and services to consumers, small businesses and commercial customers. .
TCF has approximately 475 banking centers primarily in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also operates companies in all 50 states and Canada through its specialized lending and leasing companies.
