Todd A. Pierson Named President of Gateway One
Andrew B. Sturm Named Chief Operating Officer
ANAHEIM, Calif. -- (Business Wire)
Gateway One Lending & Finance, LLC (Gateway One), a subsidiary of TCF
National Bank and an indirect subsidiary of TCF Financial Corporation
(TCF) (NYSE: TCB), recently announced the appointment of Todd A. Pierson
as president, Gateway One Lending & Finance and Andrew B. Sturm as
executive vice president and chief operating officer. Pierson is
responsible for managing all aspects of the Gateway One business and
Sturm leads business operations. Pierson reports to Michael S. Jones,
executive vice president, consumer banking for TCF. In conjunction with
these appointments, Brian MacInnis, who previously served as chief
executive officer of Gateway One, and David MacInnis, who served as
president of the business, concluded their employment with TCF and have
decided to pursue other endeavors outside of TCF.
“Todd is the ideal choice to lead Gateway One through its next chapter
and formulation of a new strategy together with his leadership team,”
said Jones. “Todd has been with Gateway One since its inception and has
played a significant role in the growth and expansion of the business.
TCF is committed to the auto finance business, which is a crucial
contributor to TCF’s strategy of asset diversification, and we are
excited about supporting Gateway One in its next stage of development.
Together with Andrew Sturm and the entire Gateway One leadership team,
I’m confident that Todd will help the business achieve its full
potential. I also want to acknowledge the contributions of Brian and
David MacInnis during their ten years of service to Gateway and, more
recently, TCF. They led Gateway with integrity and character.”
Pierson added, “Gateway One has seen tremendous growth since it became
part of TCF Bank in 2011 with originations reaching $3.6 billion in
2016. I am honored to have the opportunity to lead this outstanding
organization and its dedicated team members. I look forward to building
on Gateway One’s strong track record of outstanding service to both our
dealer partners and our customers. In building a future strategy for
Gateway One, we are actively seeking to contribute to all of TCF’s
strategic pillars of diversification, profitable growth, operating
leverage and core funding. Now that we have achieved significant growth,
we will be shifting our focus toward stable profitability with a focus
on efficiency and effectiveness.”
Todd Pierson joined Gateway One at its inception as chief operating
officer and oversaw sale and credit among other responsibilities. As an
18 year veteran of the auto finance industry, Pierson served in a number
of senior executive positions with Onyx Acceptance Corporation prior to
joining Gateway One. His experience outside of auto finance includes
various leadership roles at Ceridian Tax Services and Hewlett-Packard.
Andrew Sturm joined Gateway One in 2010, serving as executive vice
president, loan servicing. He has more than 16 years of experience in
the auto finance industry and his prior experience includes serving in
senior leadership roles with Onyx Acceptance Corporation.
About Gateway One Lending & Finance
Gateway One Lending
& Finance, LLC, a subsidiary of TCF National Bank, is an indirect
automotive origination and servicing company that is headquartered in
Anaheim and conducts business in all 50 states through its network of
more than 11,400 franchise and independent dealer relationships. In
2016, Gateway One originated $3.6 billion in auto loans. For more
information about Gateway One Lending & Finance, please visit gatewayonelending.com.
About TCF
TCF is a Wayzata, Minnesota-based national bank
holding company. As of December 31, 2016, TCF had $21.4 billion in total
assets and 339 branches in Illinois, Minnesota, Michigan, Colorado,
Wisconsin, Arizona and South Dakota providing retail and commercial
banking services. TCF, through its subsidiaries, also conducts
commercial leasing, equipment finance, and auto finance business in all
50 states and commercial inventory finance business in all 50 states and
Canada. For more information about TCF, please visit tcfbank.com.
Click here
to subscribe to news release email alerts for TCF Financial Corporation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170317005444/en/
Contacts:
TCF
Media:
Mark Goldman, 952-475-7050
news@tcfbank.com
or
Investors:
Jason
Korstange, 952-745-2755
investor@tcfbank.com
Source: TCF Financial Corporation
© 2024 Canjex Publishing Ltd. All rights reserved.