About TCF Bank
TCF Bank is a company based in Wayzata (United States) founded in 1923 was acquired by Huntington National Bank in December 2020.. TCF Bank has completed 1 acquisition, including Gulonline. TCF Bank offers products and services including Checking Account, Savings Account, Credit Card, and Mortgage Loan. TCF Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Wayzata, United States
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Huntington National Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$150 M (USD), Debt – Conventional
Jul 02, 2019
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Investors
Morgan Stanley
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of TCF Bank
TCF Bank offers a comprehensive portfolio of products and services, including Checking Account, Savings Account, Credit Card, and Mortgage Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for daily transactions and payments with overdraft protection
Account to grow savings with interest and financial tools
Card for purchases with rewards and cashback options
Loan for home buying with fixed or adjustable rates
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Leadership Team
287 people
Software Development Team
189 people
Sales and Marketing
71 people
Finance and Accounting
33 people
Product Management Team
28 people
Legal and Compliance
26 people
Senior Team
22 people
Human Resources and Administration
18 people
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Funding Insights of TCF Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(02 Jul 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - TCF Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TCF Bank
TCF Bank has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Morgan Stanley, US Bank and Huntington National Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Wealth management, investment advisory, and financial services are provided.
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location | |
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Commercial banking services are provided across the United States.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TCF Bank
TCF Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Gulonline. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Gulonline is identified as a company with domain gulonline.com.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TCF Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tcf Bank Comparisons
Competitors of TCF Bank
TCF Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tcf Bank
Frequently Asked Questions about TCF Bank
When was TCF Bank founded?
TCF Bank was founded in 1923 and raised its 1st funding round 96 years after it was founded.
Where is TCF Bank located?
TCF Bank is headquartered in Wayzata, United States. It is registered at Wayzata, Minnesota, United States.
What does TCF Bank do?
TCF Bank was established in 1923 in Wayzata, United States, and operates within the commercial banking sector. A variety of financial services, including deposits, loans, and payment processing, are offered to business and individual clients. The banks activities are centered in the Midwest region, with broader national reach. In 2020, annual revenues of 2.3 billion and net profit of 222.8 million were reported, accessible via tcfbank.com.
Who are the top competitors of TCF Bank?
What products or services does TCF Bank offer?
TCF Bank offers Checking Account, Savings Account, Credit Card, and Mortgage Loan.
How many acquisitions has TCF Bank made?
TCF Bank has made 1 acquisition, including Gulonline.
Who are TCF Bank's investors?
TCF Bank has 4 investors. Key investors include Morgan Stanley, US Bank, Huntington National Bank, and Chemical Bank.
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