Adams will oversee a centralized function to manage corporate
development activities and strategic planning
WAYZATA, Minn. -- (Business Wire)
TCF Financial Corporation (TCF) (NYSE:TCB) announced today that Brad
Adams joined the company as executive vice president and director of
corporate development & strategy. Adams is responsible for establishing
an enterprise corporate development & strategy function that supports
the execution of TCF’s growth pillars of diversification, profitable
growth, operating leverage and core funding. He will partner with all of
TCF’s business lines and assist them in the identification, evaluation
and execution of various strategic opportunities with an emphasis on
maximizing shareholder value. Adams reports to Thomas Jasper, vice
chairman and chief operating officer.
Adams brings to TCF extensive experience across multiple disciplines,
including corporate development, strategic planning, mergers and
acquisitions, capital management, investor relations and corporate
finance for both publicly traded financial services companies and
private equity. Most recently, Adams was executive managing director,
corporate development for Talmer Bancorp, Inc. He also served as
managing director and chief financial officer of a private equity firm
centered around bank investments and as director of investor relations
for a large Midwestern bank holding company.
“A critical aspect of executing against our strategic pillars of
diversification, profitable growth, operating leverage and core funding
is a sound strategic planning and corporate development discipline,”
said Craig Dahl, TCF’s vice chairman and chief executive officer.
“Brad’s deep expertise in corporate development, his track record of
leading strategic planning processes for financial services companies
and executing capital management strategies will be a valuable addition
to our management team, particularly as we focus on generating
consistent, long-term value for our shareholders. Establishing a
centralized discipline around corporate development and strategy enables
us to better seize potential business opportunities while ensuring we
stay focused on delivering profitable growth.”
Commenting on his appointment, Adams added: “I am excited to be joining
TCF at a time when the executive management team successfully has
transformed its business model and created exceptional growth
opportunities for the company. With diverse sources of revenue, a strong
retail deposit base, a portfolio of consistently performing businesses
and a well-regarded leadership team, all of the ingredients are in place
to generate growth and value for shareholders. I look forward to helping
the executive team shape TCF’s long-term strategy and chart a course for
its continued success.”
About TCF
TCF is a Wayzata, Minnesota-based national bank
holding company. As of September 30, 2016, TCF had $21.1 billion in
total assets and 341 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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161115006172/en/
Contacts:
TCF Financial Corporation
Media:
Mark Goldman, 952-475-7050
news@tcfbank.com
or
Investors:
Jason
Korstange, 952-745-2755
investor@tcfbank.com
Source: TCF Financial Corporation
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