The name "TCF" is on track to disappear from the Twin Cities after nearly a century in the business of money.
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 2021.
"TCF is joining Huntington to create a top 10 U.S. regional bank that is better positioned to create value for you," read an announcement on the TCF website. "Both companies share an operating philosophy that focuses on our customers and communities. We believe that we will be stronger together and that this combination will benefit you. We look forward to sharing even more with you about this exciting partnership as time goes on."
Huntington was founded in 1866, and is currently headquartered in Columbus, Ohio. Huntington has 839 branches and 1,300 ATMs in Ohio, Michigan, Pennsylvania, Indiana, Illinois, West Virginia and Kentucky.
TCF has around 475 branches in Minnesota, Michigan, Illinois, Colorado, Ohio, South Dakota and Wisconsin. It was previously known as "Twin City Federal."
According to its website, TCF will continue to operate separately until shareholders and regulators approve the merger, which is expected in 2021. TCF customers can continue to use current TCF banking centers, ATMs, checks, cards and online banking.
It's unclear if any current TCF branches will close following the completion of the merger.
This is the second merger for TCF in recent years; the banking company merged with Detroit-based Chemical Financial Corp. in 2019. Following that merger, the combined company kept the TCF name, but moved its headquarters out of its namesake Twin Cities to Chemical's headquarters in Detroit.
It's currently unclear how the merger and name change will affect naming rights for TCF Bank Stadium in Minneapolis or TCF Center in Detroit.
