Chemical Financial and TCF Financial plan on making several new executive leadership appointments for the combined company after closing their merger of equals, which is anticipated for the late third or early fourth quarter of 2019, subject to customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company.
Each of the individuals named will continue to serve in their current capacity for their respective company until that time.
Craig Dahl, the current chairman and CEO of TCF, will become chief executive officer and president of new TCF and CEO of the combined bank. David Provost, the current CEO and president of Chemical, will become chairman of the new TCF bank.
The following executives will report to Dahl:
The following executives will report to Shafer:
“We have assembled a strong leadership team that represents the deep expertise and industry experience of both companies,” said Dahl. “Our primary objective in this merger of equals is to combine the best of both companies to create the premier Midwest bank that offers opportunities for all of our stakeholders. We are confident that this team will provide the strong leadership necessary to enable us to operate as one company immediately following the closing of the merger and to fully execute our long-term strategy and vision for new TCF.”
The board of directors for new TCF and other leadership roles are expected to be announced before the closing of the merger.
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