The previously announced $3.6bn all-stock Chemical Financial TCF merger has been wrapped up following receipt of required regulatory approvals, as per the latest banking acquisition news. As per the terms of the transaction (Chemical Financial acquisition of TCF), TCF Financial merged into Chemical Financial with the latter being the surviving company. Following the closing of […]
Banking acquisition news : Chemical Financial, the Michigan-based bank holding company which owns the Chemical Bank has signed an all-stock deal worth $3.6 billion to acquire Minnesota-based TCF Financial, the parent company of TCF Bank. TCF will merge into Chemical Financial, as per the terms of the deal. The enlarged bank holding company and bank […]