TCF National Bank (TCF Bank) and TCF Financial Corporation (TCF) (NYSE:
TCF), announce the formation of TCF Capital Solutions, which brings
together the resources of TCF Equipment Finance and Winthrop Resources
Corporation to deliver deep lending and leasing expertise and financing
solutions for the healthcare, industrial, specialty markets, and
technology industries. TCF Capital Solutions customers will benefit from
more than two decades of leadership in specialty financing solutions,
even more focused client support, and a best-in-class service experience.
“The expertise and deep industry knowledge of our teams in TCF Capital
Solutions, combined with the strong support of the financial resources
of TCF Bank, differentiates us among leasing and financing providers,”
said William S. Henak, executive vice president, Wholesale Banking for
TCF. “Bringing together our equipment and technology finance businesses
and serving our customers by industry will make it easier for our
customers and they will benefit from our team’s knowledge and
understanding of their business needs.”
“We have a strong focus on meeting and exceeding the needs of our
customers and this change is in direct response to our customers telling
us what more we can do to help them grow their businesses,” said Gary A.
Peterson, chief executive officer of TCF Capital Solutions. “We are
positioning our experts in the healthcare, industrial, specialty and
technology industries to serve as a single point of contact to our
customers and to innovate and deliver new products and services that
address their evolving business needs.”
TCF also announced the appointment of several executive leaders for TCF
Capital Solutions:
-
Richard J. Chenitz is named president and chief operating
officer for TCF Capital Solutions; -
Paul L. Gendler is named executive vice president and managing
director, Corporate Business Development and Capital Markets for TCF
Capital Solutions; and -
Todd Watterson is named executive vice president and chief
administrative and financial officer for TCF Capital Solutions.
TCF Capital Solutions will go to market with dedicated teams organized
by industry expertise and specialty, with a focus on delivering
financing solutions and services that help clients and customers
accelerate their business goals. These business segments include:
-
Healthcare Finance includes hospitals, health systems,
physician and group practices, outpatient, homecare, medical device,
pharma, biotech and other adjacent health care and life science
segments. -
Industrial Finance serves construction, manufacturing,
transportation, environmental and agriculture equipment financing. -
Specialty Finance provides specialized vehicle and equipment
financing for specialized markets, including tow trucks, motor
coaches, emergency vehicles, funeral coaches, shuttle buses, in
addition to golf and franchise financing. -
Technology Finance provides financing of technology software
and hardware as well as scalable data storage solutions for multiple
industry segments. -
Capital Markets purchases lease and loan transactions from
banks and leasing companies and other capital markets activities as
well as leads the strategic development of new markets and products.
To learn more about TCF Capital Solutions, visit tcfcapitalsolutions.com.
About TCF
TCF is a Wayzata, Minnesota-based national bank
holding company. As of March 31, 2019, TCF had $24 billion in total
assets and 312 bank branches in Arizona, Colorado, Illinois, Michigan,
Minnesota, South Dakota and Wisconsin providing retail and commercial
banking services. TCF, through its subsidiaries, also conducts
commercial leasing and equipment finance business in all 50 states and
commercial inventory finance business in all 50 states and Canada. For
more information about TCF, visit tcfbank.com.
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