Together we will have a stronger company better able to support our customers and drive economic growth in the communities we serve.”. The two organizations announced the merger Sunday, stating the new regional bank would have dual headquarters in Detroit, Michigan, and Columbus, Ohio. Additional factors that could cause results to differ materially from those described above can be found in Huntington’s Annual Report on Form 10-K for the year ended December 31, 2019 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended September 30, 2020, each of which is on file with the Securities and Exchange Commission (the “SEC”) and available in the “Investor Relations” section of Huntington’s website, http://www.huntington.com, under the heading “Publications and Filings” and in other documents Huntington files with the SEC, and in TCF’s Annual Report on Form 10-K for the year ended December 31, 2019 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended September 30, 2020, each of which is on file with the SEC and available on TCF’s investor relations website, ir.tcfbank.com, under the heading “Financial Information” and in other documents TCF files with the SEC. Information regarding Huntington’s directors and executive officers is available in its definitive proxy statement relating to its 2020 Annual Meeting of Shareholders, which was filed with the SEC on March 12, 2020, and other documents filed by Huntington with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials filed with the SEC. Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. “This partnership will provide us the opportunity for deeper investments in our communities, more jobs in Detroit, an increased commitment in Minneapolis and a better experience for our customers,” Torgow said. To learn more about TCF, visit tcfbank.com. FILE - In this Nov. 2, 2020 file photo, a man walks past the boarded-up first floor windows of a Huntington Bank branch in Columbus, Ohio. All Rights Reserved. The newly-combined company will operate under … You can unsubscribe to any of the email alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Merging with the Huntington platform will be a great benefit to all of our stakeholders and will drive significant opportunities for our team members.”. About 800 … The merger of equals in which legacy TCF Financial Corporation merged into Chemical Financial Corporation was closed on Aug. 1, 2019, forming Michigan’s largest national bank holding company. 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. Columbus will remain the headquarters for the holding company and the Consumer Bank. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Huntington is focused on accelerating digital investments to further enhance our award-winning people-first, digitally powered customer experience,” Steinour said. “We look forward to welcoming the TCF Team Members. Upon closing, Stephen D. Steinour will remain the chairman, president, and CEO of the holding company and CEO and president of the bank. In January 2019, TCF announced it was merging with Chemical Bank to create one company, and then in August 2019, the company took over naming rights for the former Cobo Center, which is now the TCF Center. The company is expected to extend its top quartile financial metrics after completion of the integration. A major merger between Ohio-based Huntington Bank and TCF National Bank has just been announced. 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 will combine in an all-stock merger with a total market value of approximately $22 billion to create a top 10 U.S. regional bank with dual headquarters in Detroit, Michigan and Columbus, Ohio. 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. The headquarters for the commercial bank will be in Detroit, and there will be around 800 employees working in Downtown Detroit. “We look forward to welcoming the TCF Team Members. At TCF, we promise to treat your data with respect and will not share your information with any third party. TCF Center to be renamed again after TCF, Huntington banks announce merger TCF Center was renamed in late 2019 Chemical Bank completed its "merger of equals" with TCF Bank on ... TCF and Chemical banks won't be merged until mid-2020, Shafer said. Slides will be available in the Investor Relations section of Huntington’s website. At closing, five current TCF Directors will be added to the Board of Directors of the holding company. “This merger combines the best of both companies and provides the scale and resources to drive increased long-term shareholder value. If you experience any issues with this process, please contact us for further assistance. In connection with the proposed transaction, Huntington will file with the SEC a Registration Statement on Form S-4 that will include a Joint Proxy Statement of Huntington and TCF and a Prospectus of Huntington, as well as other relevant documents concerning the proposed transaction. Florida led the world in shark attacks again in 2020. On December 13, 2020, TCF management announced an all-stock merger with Columbus, Ohio -based Huntington Bancshares . Bank with a team that supports your financial wellness. TCF Financial Corporation (Nasdaq: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Sept. 30, 2020 and a … The proposed transaction involving Huntington and TCF will be submitted to TCF’s shareholders and Huntington’s shareholders for their consideration. Huntington is focused on accelerating digital investments to further enhance our award-winning people-first, digitally powered customer experience,” CEO of the holding company Stephen Steinour said in a release Sunday night. In December, Huntington and TCF announced the merger in a $22 billion deal. Gary Torgow will serve as chairman of the bank’s board of directors. By mid-August, TCF … (WXYZ) — Two banks with presences in Michigan are merging. Visit huntington.com for more information. Together we will have a stronger company better able to support our customers and drive economic growth in the communities we serve.”, “This partnership will provide us the opportunity for deeper investments in our communities, more jobs in Detroit, an increased commitment in Minneapolis and a better experience for our customers,” Board chair Gary Torgow said. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. 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. Columbus-based Huntington (NASDAQ: HBAN) announced the … TCF, with 475 branches, will merge into Huntington, which has 839 branches in seven states. Discover our products and services, convenient ATMs, digital banking and more, from TCF Bank. Such statements are subject to numerous assumptions, risks, and uncertainties. Goldman Sachs & Co. LLC is serving as financial advisor to Huntington. According to the company, they will operate under the Huntington name. Under the merger, Huntington will take over TCF, meaning the Michigan-based bank will lose its name. Barron's Picks And Pans: Bank Mergers, Comcast, Dogs of the Dow, Square And More Benzinga's Top Upgrades, Downgrades For December 17, 2020 Benzinga's Top Upgrades, Downgrades For December 15, 2020 Huntington Bancshares And TCF Financial Corporation Announce Merger To Create Top 10 U.S. Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $120 billion of assets and a network of 839 full-service branches, including 11 Private Client Group offices, and 1,330 ATMs across seven Midwestern states. Regional Bank Merger Wave By Reuters , Wire Service Content Dec. 13, 2020 By Reuters , Wire Service Content Dec. 13, 2020, at 9:29 p.m. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, TCF will merge into Huntington, and the combined holding company and bank will operate under the Huntington name and brand following the closing of the transaction. A new headquarters is under construction on Woodward Ave. near the Fox Theatre across from Comerica Park. To opt-in for email alerts, please enter your email address in the field below and select at least one alert option. U.S. regional lenders Huntington Bancshares and TCF Financial have entered an all-stock deal to create a company worth about $22 billion in market value, the companies said on … “We will be a top regional bank, with the scale to compete and the passion to serve. Keefe, Bruyette & Woods, a Stifel Company, is serving as financial advisor to TCF. TCF Bank has announced that it will merge with Huntington, and is expected to change the name of its banking centers and ATMs to the Huntington brand in … After submitting your request, you will receive an activation email to the requested email address. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. Copyright 2021 Scripps Media, Inc. All rights reserved. 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. This material may not be published, broadcast, rewritten, or redistributed. David L. Porteous will serve as Lead Director of the holding company’s Board of Directors and the bank’s Board of Directors. Information regarding TCF’s directors and executive officers is available in its definitive proxy statement relating to its 2020 Annual Meeting of Shareholders, which was filed with the SEC on March 25, 2020, and other documents filed by TCF with the SEC. TCF has approximately 475 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. Huntington also provides vehicle finance, equipment finance, national settlement, and capital market services that extend beyond its core states. By providing your email address below, you are providing consent to TCF to send you the requested Email Alert updates. TCF is proud to be an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Strategic and Financial Benefits of the Proposed Merger. 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