Landmark Monuments is a full-service monument company in Cheyenne, creating some of the finest personalized headstones, custom monuments and benches What are your end-of-year tax plans? There is still time to review your tax situation and make changes that may Many people choose to pre-plan their own funeral arrangements. Mergers and acquisitions are designed to grow a company but also involve ways to cut costs, including closing overlapping divisions or branches in some neighborhoods and communities.
Bank mergers had slowed down during the economic uncertainty created in after the coronavirus-driven recession. But bankers and others are growing more optimistic about the economy's health given the expected widespread rollout of COVID vaccines in TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses.
The combined company, according to sources, will maintain its leading market position with the largest branch share and second position in consumer deposits in the markets where it operates. Huntington's footprint will expand to include Minnesota, Colorado, Wisconsin and South Dakota, and Huntington will deepen its presence in Chicago.
No plans for job cuts were detailed in a phone briefing with the Detroit Free Press Sunday night. But bankers said some overlap in branches exists and consolidations would take place. Huntington's top executive, Stephen D. Steinour, will remain the chairman, president and CEO of the holding company and CEO and president of the bank after the merger is completed. Gary Torgow, the executive chairman of TCF Financial, will serve as chairman of the bank's board of directors. Huntington is focused on investing in technology and making digital investments, Steinour said Sunday.
Torgow said the partnership will provide us the opportunity for deeper investments in our communities, as well as more jobs in Detroit.
TCF Financial Corp. TCF is perhaps best known these days for its connections to the presidential election and the pandemic. The TCF Center, formerly the known as the Cobo Center, is the state's largest convention center and the spot where Detroit hosted its annual auto show for years. The allegations were rejected by Michigan judges, election experts and Detroit officials. The center also made headlines this past spring in Detroit when it was transformed into a 1,bed field hospital to treat coronavirus patients by April 8.
The tower, according to the designers, "will include ground-level commercial space, ten stories of parking, workplace environments across nine stories, and a rooftop terrace. TCF will occupy the top floors, while the remainder will be available for expansion, or to other tenants. Plans for the construction continue, with the opening expected in the next 16 months or so. The new name: The Huntington Tower.
In total, the post-merger Huntington bank will be a top 25 U. As part of the merger, branches in Michigan and Ohio are closing, including all of Huntington's in-store Meijer bank locations in Michigan. TCF customer accounts will be converted to Huntington's systems in the fourth quarter and Huntington customers will not be impacted by the conversion. The new Huntington is to have dual headquarters: its main headquarters in Columbus, Ohio, and a commercial banking headquarters in Detroit, inside the new story downtown tower that is under construction.
Torgow, once a high-profile Detroit real estate executive, was a founder and chairman of the old Talmer Bank that absorbed numerous other banks, including former Midland-based Chemical Bank, and ultimately grew to become TCF Bank. Torgow is now an adviser to Huntington until the third anniversary of the merger's consummation in
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