Anticipating the closing of their merger this year, Chemical Financial Corp. and TCF Financial Corp. have named the executives who will lead the new bank venture under the TCF name and will be headquartered in Detroit.
The appointments will be effective when the merger closes, which is expected to occur late in the third or early in the fourth quarter of this year. Each of the individuals will continue to serve in their current capacity for their respective company until that time.
As previously announced, Craig Dahl, the current chairman and chief executive officer of TCF, will become CEO and president of new TCF. David Provost, the current CEO and president of Chemical, will become chairman of new TCF.
“We have assembled a strong leadership team that represents the deep expertise and industry experience of both companies,” Dahl says. “Our primary objective in this merger of equals is to combine the best of both companies to create the premier Midwest bank that offers opportunities for all of our stakeholders.”
Other appointments include:
- Tom Shafer, president and chief operating officer of new TCF.
- Dennis Klaeser, chief financial officer.
- Brian Maass, the current CFO of TCF, deputy chief financial officer and treasurer.
- Jim Costa, chief risk and credit officer.
- Patty Jones, chief administrative officer.
- Joe Green, executive vice president, general counsel, and corporate secretary.
- Sandy Kuohn, chief human capital officer.
- Andy Jackson, chief audit executive.
- Bill Henak, executive vice president, wholesale banking.
- Mike Jones, executive vice president, consumer and business banking.
- Tom Butterfield, chief information officer.
Chemical Financial and TCF also recently announced plans to build a new headquarters building in Detroit and won the naming rights to Cobo Center.