TCF closing downtown Minneapolis branch, 37 Chicago branches

Author:
Updated:
Original:

TCF Financial Corp. is taking an aggressive move to streamline its Illinois-based operations.

The Business Journal reported that the Wayzata-based company announced what it called a "realignment." TCF will shutter 37 of its Chicago-area bank branches located inside Jewel-Osco grocery stores by March. The move will slice between 150 and 180 jobs in Illinois. The bank is encouraging those employees to apply for positions at other bank outlets; TCF will keep 118 other branches in Jewel-Osco stores open.

NBC Chicago added that TCF will boost its presence at Chicago Transit Authority "L" train stations with the addition of 52 new ATM machines.

TCF will also a longtime downtown Minneapolis branch, but no job losses will result. The bank will fold its TCF Tower branch, at 801 Marquette Ave. S., into its IDS Center skyway branch, which will have increased services.

In a press release, TCF Bank's parent company said the moves followed a review of its branch portfolio and growth initiatives like online and mobile services.

The company has nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota.

Earlier this year, TCF was named as the number one in a ranking involving complaints according to a consumer group.

Next Up

Gary Kubiak

Vikings offensive coordinator Gary Kubiak announces retirement

Kubiak wraps up a career that has spanned nearly four decades.

alphaMPD

Minneapolis police seeks public help finding missing woman

A 63-year-old woman has been missing since Tuesday

coronavirus testing

Don't want to talk to a contact tracer? MN debuts online option after positive test

The department says the survey will allow its staff to keep track of more cases at a faster pace

Family Dollar

Money Gal Coaching: 12 things you are wasting your money on

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

police lights

Three teens charged in Minneapolis robberies

The incidents took place on Saturday in Minneapolis.

covid-19, coronavirus, ppe

Here is Minnesota's COVID-19 update for Thursday, January 21

It's the first time in exactly four months that Minnesota has had fewer than 100 COVID patients in intensive care.

icy roads, bad roads

Girl, 16, killed in crash with semi on icy Minnesota road

The crash happened in Dodge County around 8 a.m. Wednesday.

police lights

Road rage incident sees driver punch out man's window, punch him in face

The incident happened in Waite Park Wednesday morning.

Screen Shot 2019-10-11 at 7.01.24 AM

Minneapolis will recover $100K in costs connected to 2019 Trump rally

The Target Center operator said it'll pay the costs over three years.

Jacob Frey

Minneapolis Mayor Jacob Frey confirms run for reelection

He has faced criticism over the city's response to George Floyd's death.

Related