Huntington s whirlwind courtship of TCF americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
TCF expands equipment lending business with acquisition
TCF Bank has acquired BB&T Commercial Equipment Capital Corp. out of Malvern, Pa.
TCF National Bank is expanding its lending capabilities in the commercial equipment sector.
The Detroit-based bank said in a news release Monday that it has acquired BB&T Commercial Equipment Capital Corp. out of Malvern, Pa.
A TCF spokesperson declined to provide an acquisition price for the deal, citing confidentiality.
The deal includes about $1 billion in equipment finance leases and gives TCF about 60 new employees as a result of the transaction. We are excited the talented and experienced CEC team has joined TCF, Bill Henak, senior executive vice president for TCF s specialty finance division, said in a release. 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.
CEO of Eden Prairie-based Tennant Co. retiring after 15 years Chris Killingstad will be succeeded by Dave Huml.
By Patrick Kennedy Star Tribune December 15, 2020 7:20pm Text size Copy shortlink:
He will be succeeded by Dave Huml, the Eden Prairie-based manufacturing company s chief operating officer. Dave Huml s promotion to CEO is a natural progression that reflects his successful leadership at Tennant, including his role as a major architect of the company s current enterprise strategy, said lead director Steven Sonnenberg in a news release.
Killingstad will remain with Tennant as a strategic adviser until the end of next year. With his leadership, Chris helped transform Tennant into th
Huntington agrees to buy TCF Financial americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
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The retirement of Craig Dahl, the Minnesota banker who helped build and then reshape TCF Financial Corp., as its chief executive came suddenly, surprising investors and analysts.
But Dahl said Tuesday that he felt it was the right time with the first phase of its merger with Detroit-based Chemical Financial complete. I ve been involved in this nearly seven days a week for two years, said Dahl, 66, on a call with analysts. Going through the succession planning and just trying to understand what would be the right time, there isn t really any time that would necessarily be better than others.