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.
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.
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/
Layoffs are never done. It is a tool used by leaders without vision and intended to keep employees off balance. Until TCF starts trimming management there is no end in sight. The ramp up to the formal merger will have a substantial impact on... — read more
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
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
Started work this morning and was called into a "mandatory" Capital Solutions update where they promptly terminated my employment, along with many others. After hearing Craig Dahl and Bill Henak spew their b---s--- about not foreseeing layoffs, they... — read more
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
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
Sixty total, fifthteen in their corporate HQ. Focused in their infrastructure and Operations area. Some very good people impacted. Justification is probably associated with eliminating as many roles as possible not directly tied to their agile... — read more
Someone I know was laid off at there one year of service term. Not sure what this means? Is this normal?