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TCF and Chemical Bank close on merger

August 07, 2019 / Jeremy Ervin

TCF has officially closed a merger with Chemical Bank, according to a statement on its website.
The statement said customers, "Will not experience any immediate changes to their banking relationship." “We are pleased to close our merger ahead of schedule and excited to begin operating as one organization,” said Craig R. Dahl, TCF’s president and chief executive officer. “With complementary banking platforms and the additional scale created through the merger, we are uniquely positioned to provide a more robust product set to a broader customer base with limited overlap and disruption.” The combined banks will initially use both the TCF and Chemical Bank brands, the release said. Sometime in 2020, the company plans to combine its banking technology platforms, which should not impact customers, according to officials.  The release referred customers to web pages at chemicalbank.com/betterforyouand tcfbank.com/betterforyou. Branding on t...