Huntington completes merger with TCF – Smart Business Dealmakers


Huntington Bancshares Incorporated closed its merger with TCF Financial Corporation, creating a US Top 25 banking holding.

The combination positions Huntington for improved profitability and scale, revenue growth opportunities, significant cost synergies and a strengthened market position, all resulting in increased long-term shareholder value.

“We are delighted to announce the finalization of this combination with TCF and look forward to welcoming our new colleagues and clients to Huntington. We also look forward to strengthening our community impact through Combined Banking, ”said Stephen D. Steinour, Chairman, President and CEO of Huntington. “This is an important step forward for Huntington in our vision to create the leading people-first digital bank in the country. “

The combined company has approximately $ 175 billion in assets, $ 142 billion in deposits and $ 116 billion in loans based on balances as of March 31, 2021. Huntington now operates more than 1,100 branches in total. The combination also marks Huntington’s entry into attractive Minnesota and Colorado markets, as well as new business, including inventory financing. The headquarters of the Commercial Bank are in Detroit; Columbus remains the headquarters of the holding company and the Consumer Bank.

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