Scottrade Bank in St. Louis has hired a former executive at TCF Financial (TCB) to launch an equipment finance unit.

The $16 billion-asset unit of Scottrade Financial Services said Wednesday that it has hired Fred Van Etten to become the unit’s president.  Van Etten recently served as a senior vice president for TCF Equipment Finance.  He was president and chief executive of Popular Equipment Finance when Banco Popular (BPOP) sold the unit to TCF in 2009.

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