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Grand Rapids Business Journal A division of TCF National Bank acquired a small-ticket equipment leasing and finance business. TCF Capital Solutions, a division of Detroit-based TCF National Bank, said Monday that it acquired BB&T Commercial Equipment Capital (CEC), which includes a portfolio of about $1 billion of equipment finance leases and loans. CEC was Truist Bank’s national small-ticket equipment leasing and finance business. Terms of the deal were not disclosed. About 60 employees from Truist/CEC have joined the TCF team as a result of the transaction. “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,” said Bill Henak, senior executive vice president, TCF Specialty Finance. ....
Posted on 405 TCF Capital Solutions, a division of TCF National Bank (“TCF”), announced that TCF has acquired BB&T Commercial Equipment Capital, Corp. (“CEC”), which includes a portfolio of approximately $1 billion of equipment finance leases and loans. CEC was Truist Bank’s national small-ticket equipment leasing and finance business. Approximately 60 employees from Truist/CEC have joined the TCF team as a result of the transaction. “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,” said Bill Henak, Senior Executive Vice President, TCF Specialty Finance. ....
DBusiness Magazine TCF National Bank Acquires Equipment Finance Firm with $1B Portfolio TCF National Bank in Detroit, through a division called TCF Capital Solution, today announced it has acquired BB&T Commercial Equipment Capital Corp. The deal includes a portfolio of approximately $1 billion of equipment finance leases and loans. TCF has acquired BB&T Commercial Equipment Capital Corp., which specializes in equipment finance. // Stock photo TCF National Bank in Detroit, through a division called TCF Capital Solution, today announced it has acquired BB&T Commercial Equipment Capital Corp. The deal includes a portfolio of approximately $1 billion of equipment finance leases and loans. ....