New TCF Banking Center opening in ACC Community Center on West Seven Mile in Detroit
TCF Bank is celebrating the opening of its newest banking center in Detroit with a virtual grand opening event on Friday. Photo: Oneika MobleyDETROIT — TCF Bank is celebrating the opening of its newest banking center in Detroit with a virtual grand opening event on Friday. The banking center is inside of the Arab American and Chaldean Council (ACC) Community Center on the city’s west side. “We are excited to be partnering with a wonderful organization on the opening of our new ACC Seven Mile Banking Center,” he said. “It is so wonderful to have TCF Bank as part of the ACC Community Center and available for local residents to access easily,” ACC President and CEO Dr. Haifa Fakhouri said.arabamericannews.com
Huntington and TCF in $6B tie-up as more regionals merge
FILE - In this Nov. 2, 2020 file photo, a man walks past the boarded-up first floor windows of a Huntington Bank branch in Columbus, Ohio. Huntington, with $120 billion in assets, outsizes TCF, which has assets of around $50 billion. The TCF brand will be changed to Huntington, and Detroit's TCF Center will be renamed after Huntington in the coming years. “We wanted to remain Detroit's hometown bank,” said TCF Financial CEO Gary Torgow, in an interview. “We are going to be much better together,” said Huntington Bank CEO Steve Steinour, noting that Huntington, along with new markets, would also get access to TCF's equipment finance business and inventory finance businesses.
Looks like Detroit's TCF Center is being renamed again
click to enlarge Steve NeavlingDetroit's TCF Center. The venue known as TCF Center and formerly known as Cobo Center will be renamed... again.On Sunday, Detroit-based TCF Financial Corp. announced a $22 billion all-stock merger with Columbus-based Huntington Bancshares Inc., The Detroit News reports. Once the merger is complete, the TCF brand will be replaced with Huntington, TCF executive chairman Gary Torgow said.That includes the TCF Center in downtown Detroit, which will be renamed Huntington Center under the same $33 million, 22-year naming rights deal that renamed the venue last year.Mayor Mike Duggan started talking about renaming Cobo Center in 2017 following the violent clash over a Confederate monument in Charlottesville, Virginia. While Detroit doesn't have monuments to the Confederacy, it did have a racist legacy in Cobo, named after mayor Albert Cobo, whose segregationist policies demolished the predominantly Black neighborhoods of Black Bottom and Paradise Valley.Perhaps the TCF Center name is already tarnished as well. The venue was supposed to host the North American International Auto Show's first-ever show in a new springtime format that would have seen an expansion that would have given more prominence to Detroit's auto industry show, but that was canceled due to the coronavirus pandemic.metrotimes.com
Sterling Group looks to secure development rights for Joe Louis Arena site
As the demolition of Joe Louis Arena nears completion, plans for whats next at the site are starting to form. Crains Detroit Business reports that the Detroit-based real estate company Sterling Group is nearing a deal to redevelop the site. New York City-based Financial Guaranty Insurance Co. currently has the development rights, which it negotiated as a creditor to the city during its municipal bankruptcy. Sterling Group was founded by TCF Bank executive chairman Gary Torgow and is now run by his children. Its currently working on or involved in a number of projects in Detroit, including a new TCF Bank (formerly, Chemical Bank) headquarters downtown.detroit.curbed.com
Detroit's Cobo Center gets new name: TCF Center
DETROIT - The Cobo Center has a new name. The iconic building will now be known as the TCF Center. Leaders from TCF Bank, along with local officials, held a news conference Tuesday morning to officially unveil the new name for Cobo Center. Gary Torgow is chairman of TCF Bank and is building a downtown headquarters and doing business in the city. To many who remember Cobo, this is a historic day and a major shift for the city.