Topics regarding layoffs at TCF Financial Corp.

Topics regarding layoffs at TCF Financial Corp.

Post Conversion

System conversions are fun. You have day 1 activity where you move $1 from this system to that system. Then you have day 2 activity where the accounts have to work. Any ideas on who gets to pay for day 2 for this conversion? What a train wreck.

Growth in 2020

Yep... TCF Financial Corporation was a Wayzata, Minnesota-based national bank holding company until 2019, when it was purchased by the Chemical Financial Corporation, which adopted the TCF name.

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Post ID:  @OP+126FYLEm

More layoffs coming?

That's what I hear, for 2019. WE had large cuts back in 2018. https://www.argusleader.com/story/news/business-journal/2018/10/08/tcf-bank-layoffs-heres-how-many-sioux-falls-employees-affected/1566774002/

Failure of leadership

There is a management failure at the highest levels in this company. There is no obvious long term strategy for any of the business units at TCF. Management is over matched by Chemical, a smaller and less complicated bank. The number of people that... —  read more 

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| 1349 views | | no replies yet
Post ID:  @OP+XKHNoBR

Are layoffs done?

Or can we expect more TCF departments to be hit today or sometime next week? I've been worried about more layoffs for a while now. Considering the situation, it was only a matter of time before the higher ups decided to cut more people. Which is why... —  read more 

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| 1608 views | | 1 reply (last )
Post ID:  @OP+XKiJDsb

Merger

I would have thought this board might have some activity today. So you are merging with a bank you never heard of, and they will run it under the TCF brand. The last time TCF did a 'merger of equals' was with a different Michigan bank, Great Lakes... —  read more 

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| 1424 views | | 1 reply (last )
Post ID:  @OP+Xmlv61a

Operations Center Closing

TCF has announced that the Operations Center in Sioux Falls, South Dakota is closing and the building will be sold. All employees at that site, 145, will be laid off. The official notification to the state included a statement that team member... —  read more 

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| 1224 views | | 2 replies (last )
Post ID:  @OP+V6qlMAY

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