Chemical Bank, TCF Bank plan merger headquartered in Detroit
More great news for the city, this bank will basically replace Comerica. Although Comerica still has a huge presence downtown.
Quote:
Detroit — Chemical Bank plans to merge with and rename itself as TCF Bank to create one of the largest banks in the country, the companies said Monday. The new entity would be headquartered in Detroit.
Pending approval of the merger, the new TCF Financial Corp. would be twice as large as Chemical Financial Corp. with $45 billion in assets and a $7 billion market cap.
That would make it one of the largest 50 banks in the country, nearly returning Detroit to the stature it once held in the financial industry when Comerica Bank was based here.
https://www.detroitnews.com/story/bu...er/2698636002/
