Commercial banks

TCF National Bank Michigan Emerges from Great Lakes Bank Renaming

Strategic Insights

Sep 15, 1999 — 1 min read

TCF National Bank Michigan, previously known as Great Lakes Bank, is undergoing a significant transformation as part of its parent company's rapid expansion plans. By adopting the TCF Bank name, the institution aims to establish a more unified identity, particularly in the burgeoning online banking sector. This change will reportedly simplify customer access to online services and enhance brand recognition. Local management will continue to make critical decisions, ensuring minimal disruption for account holders.

Key Takeaways:

Great Lakes Bank will change its name to TCF National Bank Michigan, effective March 1, 2000.
The name change is aimed at aligning with parent company TCF Financial Corporation's unified identity and growth plans.
TCF Bank plans to expand its Internet banking services in 2000, citing the importance of a unified identity in this medium.
John Owens, vice president and director of marketing for Great Lakes, mentioned that the name change will help the bank "break through the clutter" and easily recognize the bank and its related services.
Local management will continue to make critical decisions, unaffected by the name change.
TCF Financial Corporation is a $10.3 billion bank holding company based in Minneapolis.
TCF holds businesses and services in various states, including Minnesota, Illinois, Wisconsin, Colorado, and Michigan.
Great Lakes Bank operates 62 banking offices and 154 ATMs throughout Michigan.

Statistics:

As of the name change, TCF Financial Corporation is valued at $10.3 billion.
Great Lakes Bank operates 62 banking offices within Michigan.
The bank has 154 ATMs throughout Michigan.
TCF Financial Corporation's banks are based in 5 states: Minnesota, Illinois, Wisconsin, Colorado, and Michigan.
Great Lakes Bank is a wholly owned subsidiary of TCF Financial Corporation.

Sources:

PRNewswire [/PRNewswire]
Great Lakes Bank press statement, 2000
TCF Financial Corporation's website and annual reports

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