TCF Financial, Minnesota's third-largest bank, is being swept up in another merger — and this time will lose its name.
The bank, which moved its headquarters to Detroit from Wayzata
when it merged with Chemical Financial last year, said it will join forces with Ohio-based Huntington Bancshares to become one of the nation's top 20 banks with $168 billion in assets.
The combined company will use the Huntington name. That will lead to the renaming of TCF branches as well as venues where TCF bought naming rights, including the football stadium at the University of Minnesota and the convention center in downtown Detroit, which was in the news last month as the site of ballot counting for that city.
TCF is about 15 years into a 26-year, $35 million sponsorship agreement with the U.
"It will become Huntington over time," Steve Steinour, Huntington's CEO, said of the stadium in an interview Monday with the Star Tribune. "We'll run with a single brand. But we want to be sensitive to the history and the legacy of TCF, and the stadium, so there's work we'll have to do with the university and other interested parties."