The TCF Bank name will disappear as part of a $22 billion merger with Ohio-based Huntington.
The deal, announced Sunday, is expected to close in the second quarter of 2021, and will see TCF Bank and Huntington merge, with TCF Bank assuming the Huntington name as part of the deal.
TCF Bank has a storied history in Minnesota, having been founded in Minneapolis in 1923 as Twin City Building and Loan.
It was based in Wayzata when it merged in 2019 with Michigan-based Chemical Bank, relocating its headquarters to Detroit in the process.
After the merger with Huntington, it will have dual headquarters in Detroit and Columbus, Ohio, with a press release saying it will "create a top 10 U.S. regional bank."
It remains to be seen what will happen with regards to naming rights contracts. For example, TCF has a deal with the Gophers for the naming of TCF Bank Stadium in Minneapolis.
“This merger combines the best of both companies and provides the scale and resources to drive increased long-term shareholder value. Huntington is focused on accelerating digital investments to further enhance our award-winning people-first, digitally powered customer experience,” said Huntington President and CEO Stephen D. Steinour.
"We look forward to welcoming the TCF Team Members. Together we will have a stronger company better able to support our customers and drive economic growth in the communities we serve.”
According to Bank Branch Location, TCF has approximately 85 branches in Minnesota.