On the Record · TCF Financial
TCF Financial acquisitions, on the record
The businesses TCF Financial bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Equipment Financing & Leasing Corporation ("EFLC")Word for word“On June 16, 2017, TCF Bank acquired 100% of the outstanding shares of Equipment Financing & Leasing Corporation ("EFLC").” 10-K for 2017 | acquisition | June 16, 2017 | — |
assets of Rubicon Mortgage Advisors, LLCWord for word“On December 15, 2017, TCF Bank acquired the assets of Rubicon Mortgage Advisors, LLC.” 10-K for 2017 | acquisition | December 15, 2017 | — |
leasing and equipment finance PCI loansWord for word“Included in loans and leases acquired during 2017 were $14.0 million of leasing and equipment finance PCI loans that TCF acquired on September 29, 2017.” 10-K for 2017 | acquisition | September 29, 2017 | $14.0 million |
Chemical Financial CorporationWord for word“Under the terms of the Merger Agreement, which has been unanimously approved by the boards of directors of both companies, each outstanding share of TCF common stock will be converted into the right to receive, without interest, 0.5081 shares of Chemical common stock.” 10-K for 2018 | agreed acquisition | — | 0.5081 shares of Chemical common stock |
Equipment Financing & Leasing CorporationWord for word“The increase in 2017 was primarily due to an increase in operating lease revenue, mainly driven by the acquisition of Equipment Financing & Leasing Corporation ("EFLC") in the second quarter of 2017 and portfolio growth.” 10-K for 2018 | acquisition | in the second quarter of 2017 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $8.1 million |
| 2018-12-31 | $0 |
Deal filings since 2016
- 2019-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-01-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from TCF Financial’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.