Huntington Bancshares, which has headquarters in Detroit and Columbus since announcing a merger with Detroit’s TCF National Bank in December 2020, announced Tom Shafer, CEO of TCF, will join Huntington’s executive leadership team as co-president of commercial banking following the merger.
The $22 billion merger is expected to occur late in the second quarter. Shafer will lead Huntington’s middle market, commercial real estate, and regional government banking teams. He will partner with Scott Kleinman, co-president of commercial banking, who will continue to lead a variety of commercial businesses organized around Huntington’s specialty commercial groups, treasury management, capital markets, and equipment finance teams.
Mike Jones, president and COO of TCF, will also join the leadership team as senior executive vice president. He will be Huntington’s senior executive and community leader in Minnesota and Colorado as chair of the two states. He will be responsible for growth in these markets and deepening Huntington’s commitment to invest in local communities.
“Tom and Mike are exceptional leaders with impressive track records of successful growth throughout their careers, and I’m looking forward to having them join our executive leadership team,” says Steve Steinour, chairman, president, and CEO.
“Tom’s extensive experience and success in growing banks will add another level of expertise for Huntington as we look to continue building our commercial bank. And Mike will be instrumental in building and growing our various business lines and important middle market revenue channels in Minnesota and Colorado. Under their leadership, we will execute our plans for expansion in these important markets.”
The bank also announced the appointment of Donald Dennis, chief diversity, equity, and inclusion officer and executive vice president of learning and development at Huntington, to its executive leadership team. He joined Huntington three years ago and has since reinvented the company’s digital learning platform.
“Donald’s leadership, broad set of skills, experiences, and passion position us well to build out our diversity, equity and inclusion efforts,” Steinour says. “Our continued focus on welcome, meaning ‘welcome to all,’ is imperative and will continue to guide the combined company.
“Donald’s vision and commitment have helped shape our plans and actions around diversity and inclusion. He also has been the lead executive and architect in building out our learning and development offerings in a digital environment. I look forward to Donald’s continued thought leadership and expertise at the highest level of our organization.”
In January 2019, TCF announced it would merge with Chemical Bank and continued work on its combined headquarters, which are being built in downtown Detroit. The companies completed their integration in August 2020, retiring the Chemical Bank brand. TCF announced it would merge into Huntington late last year.
Huntington has $123 billion of assets and a network of 839 branches. It was founded in 1866.