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tcf bank

black business owner giving bag to shopper / Adobe Stock

In a move TCF Bank says delivers on its recent pledge to “take action for racial equality and social justice,” the Detroit-based company said it would loan $1 billion over the next 5 years to women and minority-led businesses in several cities the bank serves, including Detroit.

At a Thursday morning press conference, TCF Executive Chairman Gary Torgow called the program “audacious in its size and ambition.”

Detroit's Cobo Center to be renamed

Feb 20, 2019
Cobo Center Press Release

Officials say Detroit's Cobo Center will be renamed. Detroit-based Chemical Bank bought the naming rights in a 22 year deal for $1.5 million annually. The $33 million will be payed to the Detroit Regional Convention Facility Authority.

An aerial view of Downtown Detroit with other part of the city in the distance.
Robert Thompson / Wikimedia Commons

A merger between Chemical Bank and TCF is expected to add more jobs and lending resources to the Detroit-area economy. The new bank will have $45 billion in assets, and is expected to bring hundreds of jobs to the area.