TCF chief Craig Dahl to retire

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TCF Financial in Detroit is set to have a new CEO.

The $48 billion-asset company said in a press release late Monday that Craig Dahl will retire on Oct. 27. Dahl, who was 65 when TCF filed its proxy statment on March 25, will be succeeded by David Provost, the company’s vice chairman.

Provost was president and CEO of Chemical Financial, which merged with TCF in August 2019.

TCF also said that Thomas Shafer will become vice chairman and CEO of its bank unit. Shafer, who will join the company’s board, was vice chairman of Chemical when it merged with TCF. He has been president and chief operating officer of TCF’s bank since the merger’s completion.

Craig Dahl is retiring as TCF Financial's CEO.
Craig Dahl is retiring as TCF Financial's CEO.

Michael Jones was named president and COO of the bank. Jones previously was executive vice president of regional banking. He will report to Shafer.

“Craig’s leadership has been instrumental in getting TCF to the point we are today,” Gary Torgow, TCF’s executive chairman, said in the release. “He has guided TCF through a successful integration program and has worked tirelessly with our teams to build many of our businesses from the ground up over the past 20 years."

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