Please contact your Company Administrator to reset your password if you continue having problems logging in. TCF Financial, Minnesota's third-largest bank, is being swept up in another merger — and this time will lose its name. Huntington also provides vehicle finance, equipment finance, national settlement, and capital We want you to have a great experience while you're here. Founded in 1866, The Huntington National Bank and its affiliates Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. TCF, Huntington Banks To Merge In $22B Deal By Bria Brown December 14, 2020 at 12:24 pm Filed Under: Banking , detroit , Huntington Bank , merger , Michigan , Ohio , tcf financial TCF is joining Huntington to create a top 10 U.S. regional bank that is better positioned to create value for you. Your Company Administrator is the only individual able to reset your password. Like us on Facebook to see similar stories, Coronavirus updates: Eli Lilly treatment cuts hospitalizations 70%; US buying 200M more vaccine doses, Joe Biden's 'climate day' of executive actions signals clean break with Trump. Huntington-TCF Merger All About Scaling Up, CEO Says. Huntington Bancshares has a … Dec 13 (Reuters) - U.S. lender Huntington Bancshares Inc HBAN.O was nearing a deal to merge with TCF Financial Corp TCF.O, the Wall Street Journal reported on … Detroit-based TCF Financial Corp. will merge into Huntington Bancshares Inc. in a $22 billion all-stock merger that creates one of the largest regional banks … See you back here soon! emily.smith@huntington.com When combining the two lending portfolios of HBAN and TCF, I think of a great mix of both commercial and retail. On Monday, it was announced Huntington Bancshares Inc. is combining the two companies together to create a top 10 U.S. regional bank under the Huntington name. 6 min ago TCF Bank halted its plans to construct a building at 5646 West U.S. 10 after it announced a merger with Huntington National Bank in December. Columbus, Ohio-based Huntington will exchange 3.0028 of its shares for each TCF share, equating to a price of $38.83, the bank said in a document published on Monday. On Sunday night TCF Financial Corp. and Columbus, Ohio-based Huntington Bancshares Inc., announced an all-stock merger to create “a top 10 U.S. regional bank.” The TCF … The merger with Huntington follows straight on the heels of TCF’s merger with Chemical Bank announced in 2019 and completed last year. Shareholders will be able to obtain a free copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about Huntington and TCF, without charge, at the SEC’s website (http://www.sec.gov). All forward-looking statements speak only as of the date they are made and are based on information available at that time. Two big bank holding companies with huge name recognition in Michigan — Columbus, Ohio-based Huntington Bancshares and Detroit-based TCF Financial Corp. — … COLUMBUS, Ohio and DETROIT, December 13, 2020-- Huntington Bancshares Incorporated (“Huntington”) (Nasdaq: HBAN; www.huntington.com), the parent company of The Huntington National Bank, and TCF Financial Corporation (“TCF”) (Nasdaq: TCF; www.tcfbank.com), the parent company of TCF National Bank, today announced the signing of a definitive agreement under which the companies … The merger is expected to close in the second quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. Huntington Bancshares Inc HBAN 0.8% and TCF Financial Corporation TCF 0.93% announced late Sunday the two banks have agreed to merge in an all-stock deal. To learn more about TCF, visit tcfbank.com. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. Detroit-based TCF Financial Corp. will merge into Huntington Bancshares Inc. in a $22 billion all-stock merger that creates one of the largest regional banks in the U… You're about to leave huntington.com and go to a site Huntington doesn't control. Media Contact: A major merger between Ohio-based Huntington Bank and TCF National Bank has just been announced. The Huntington-TCF merger is the latest deal among regional banks, who have looked to get bigger and more competitive against the Wall Street titans like JPMorgan Chase, Citigroup and Bank … The combined organization will significantly improve Huntington’s market position, increase scale and provide greater revenue growth opportunities. Investment, Insurance and Non-deposit Trust products are: NOT A DEPOSIT • NOT FDIC INSURED • NOT GUARANTEED BY THE BANK • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • MAY LOSE VALUE. “We look forward to welcoming the TCF Team Members. Huntington buys TCF for $6 bln in U.S. regional bank merger wave Back to video Shares in Detroit-headquartered TCF were 3.5% higher at $36.01, while Huntington’s stock slipped 5% to $12.27 after news of the deal, which was announced in a joint statement on Sunday. Huntington Bancshares, Columbus, Ohio, has agreed to acquire TCF Financial, Detroit, in a deal with a market value of about $22 billion. Huntington Bancshares Inc. will acquire TCF Financial Corp. in an all-stock deal valued at almost $6 billion, one of the largest regional bank tie-ups this year. TCF Bank Merging With Huntington, Will Likely Rebrand And Drop Name In 2021. A bank name that’s been part of the Twin Cities since the 1930s will soon be gone. The combined company will bring together two purpose-driven organizations with a deep commitment to the customers and communities they serve. The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington.com, or through a dial-in-telephone number at (877) 407-8029, Conference ID# 13714197. TCF Bank was headquartered in the Twin Cities until last year, when it was bought by a Detroit company, Chemical Bank. COLUMBUS, Ohio and DETROIT, Dec. 13, 2020 – Huntington Bancshares Incorporated (“Huntington”) (Nasdaq: HBAN; www.huntington.com), the parent company of The Huntington National Bank, and TCF Financial Corporation (“TCF”) (Nasdaq: TCF; www.tcfbank.com), the parent company of TCF National Bank, today announced the signing of a definitive agreement under which the companies … market services that extend beyond its core states. 1,330 ATMs across seven Midwestern states. By Reuters Staff. Under the merger, Huntington will take over TCF, meaning the Michigan-based bank will lose its name. Thursday, December 17, 2020 Josh Medore Huntington-TCF Merger All About Scaling Up, CEO Says YOUNGSTOWN, Ohio – When its merger with TCF Financial Corp. is completed next year, the new scale of Huntington Bank will allow it to invest more in technology and expand its reach among small businesses, CEO Stephen Steinour says. The newest round of Paycheck Protection Program loans has begun and Huntington Bank expects to be a major player again. This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Huntington and TCF, the expected timing of completion of the transaction, and other statements that are not historical facts. UK. INVESTORS AND SHAREHOLDERS OF HUNTINGTON AND SHAREHOLDERS OF TCF ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Huntington Bancshares Inc. will acquire TCF Financial Corp. in an all-stock deal valued at almost $6 billion, one of the largest regional bank tie-ups this year. Under the merger, Huntington will take over TCF, meaning the Michigan-based bank will lose its name. Gary Torgow will serve as chairman of the bank’s board of directors. (Reuters) - Huntington Bancshares Inc has agreed to buy TCF Financial Corp for $6 billion in stock, marking the latest tie-up among U.S. regional lenders seeking scale. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Huntington. Walz’s Dial Back Orders, Dan Bailey Misses 4 Times As Vikings Fall To Buccaneers, 26-14. Banking. The seeds of Huntington Bancorp’s $6 billion deal for the $48 billion-asset TCF Financial were planted mid-October, at the annual fundraising dinner for. Also in 2020, Huntington … The planned merger of Detroit-based TCF Financial Corp. into Huntington Bancshares of Columbus, Ohio, will result in 198 branch closures, including 97 branches that are inside Meijer stores. Huntington Bancshares to Acquire TCF Financial and Create Top 10 U.S. Bank The deal continues the recent wave of regional bank consolidation and creates a bank with $168 billion in assets. The proposed transaction involving Huntington and TCF will be submitted to TCF’s shareholders and Huntington’s shareholders for their consideration. Huntington, TCF, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Huntington and TCF in connection with the proposed transaction under the rules of the SEC. Huntington Bancshares Inc. agreed to merge with TCF Financial Corp. in the latest in a recent string of regional-bank tie-ups. Visit huntington.com for more information. About Huntington Strategic and Financial Benefits of the Proposed Merger, Environmental, Social & Governance Report, Direct Stock Purchase & Dividend Reinvestment Information, Our Neighborhood: Huntington in Your Community. By joining up with TCF, Huntington expects to realize $490 million in cost savings and believes the merger will increase earnings by 18% by 2022. 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