Displaying items tagged: TCF Bank

Huntington Bancshares Inc. has named a veteran banking executive and longtime West Michigan resident to lead its regional division.

A Traverse City-based credit union plans to enter the West Michigan market with the planned opening of three branches in Holland, Zeeland and Muskegon, along with several more in the years ahead.

ALLENDALE — A West Michigan injection molder that was acquired more than two years ago has filed for Chapter 11 bankruptcy, citing the effects of the COVID-19 pandemic after investing in operational improvements.

Huntington Bancshares Inc. and Detroit-based TCF Financial Corp., two of the largest banks operating in West Michigan, plan to merge in a $22 billion deal that would create a Midwestern banking powerhouse.

West Michigan construction firms saw projects in the hospitality and office industries slow down this year because of COVID-19 restrictions, leaving many to get creative and pivot to industrial and residential markets. 

MiBiz growth report for August 16, 2020.

Former Chemical Bank offices statewide now carry the TCF National Bank name.

TCF Bank’s pledge to lend $1 billion over five years to minority- and women-owned businesses extends into West Michigan, where the company’s market leader in Grand Rapids says the effort will require leveraging community partnerships.

TCF Financial Corp. approved more than 16,000 U.S. Small Business Administration Paycheck Protection Program loans for $2 billion, all while adapting to the COVID-19 pandemic as most non-branch employees transitioned to working from home. 

Huntington Bank has temporarily stopped taking application from companies seeking a U.S. Small Business Administration loan to get them through the economic hardship caused by the COVID-19 pandemic.