WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE:TCB) announced today that Brad Adams joined the company as executive vice president and director of corporate development & strategy. Adams is responsible for establishing an enterprise corporate development & strategy function that supports the execution of TCF’s growth pillars of diversification, profitable growth, operating leverage and core funding. He will partner with all of TCF’s business lines and assist them in the identification, evaluation and execution of various strategic opportunities with an emphasis on maximizing shareholder value. Adams reports to Thomas Jasper, vice chairman and chief operating officer.
Adams brings to TCF extensive experience across multiple disciplines, including corporate development, strategic planning, mergers and acquisitions, capital management, investor relations and corporate finance for both publicly traded financial services companies and private equity. Most recently, Adams was executive managing director, corporate development for Talmer Bancorp, Inc. He also served as managing director and chief financial officer of a private equity firm centered around bank investments and as director of investor relations for a large Midwestern bank holding company.
“A critical aspect of executing against our strategic pillars of diversification, profitable growth, operating leverage and core funding is a sound strategic planning and corporate development discipline,” said Craig Dahl, TCF’s vice chairman and chief executive officer. “Brad’s deep expertise in corporate development, his track record of leading strategic planning processes for financial services companies and executing capital management strategies will be a valuable addition to our management team, particularly as we focus on generating consistent, long-term value for our shareholders. Establishing a centralized discipline around corporate development and strategy enables us to better seize potential business opportunities while ensuring we stay focused on delivering profitable growth.”
Commenting on his appointment, Adams added: “I am excited to be joining TCF at a time when the executive management team successfully has transformed its business model and created exceptional growth opportunities for the company. With diverse sources of revenue, a strong retail deposit base, a portfolio of consistently performing businesses and a well-regarded leadership team, all of the ingredients are in place to generate growth and value for shareholders. I look forward to helping the executive team shape TCF’s long-term strategy and chart a course for its continued success.”
TCF is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2016, TCF had $21.1 billion in total assets and 341 branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit tcfbank.com.