A management reshuffling by TCF Financial Monday appeared to secure Lynn Nagorske's front-runner status to succeed William A. Cooper as chief executive officer.
TCF said that, effective Sept. 30, Mr. Nagorske, the 41-year-old president of the banking company, will take over banking operations in five states. Barry Winslow, now president and CEO of TCF's Great Lakes Bank in Michigan, would assume Mr. Nagorske's title as president of the lead bank in Minnesota, the company said.
TCF also named chief financial officer Ronald Palmer to be president of its leasing subsidiary, and it picked Neil W. Brown, a partner at KPMG Peat Marwick's Minneapolis office, to fill the CFO post. Gerry Cronin, analyst at McDonald & Company Securities, Cleveland, said TCF is positioning Mr. Nagorske to take the No. 1 post and Mr. Palmer, No. 2. A spokesman noted that Mr. Cooper, 55, has announced no plan to retire.