TCF Financial announces realignment, to consolidate 37 branch locations TCF National Bank, the principal subsidiary of TCF Financial, announced a realignment of retail banking resources to support its strategic growth initiatives, including the consolidation of 37 branch locations. These branches will be fully transitioned by the end of March 2014. These changes follow a comprehensive review of TCF’s branch portfolio to determine how best to deploy its resources. These changes will result in TCF incurring a one-time pre-tax charge to earnings of approximately $7.6M in the Q4 earnings.
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