TCF Financial (TCB) in Wayzata, Minn., has hired a former executive from State Farm Bank to become its chief credit officer.
The $18.4 billion-asset company said Wednesday that Mark Bagley will oversee all aspects of credit policy and administration and enhance credit underwriting services and capabilities. He previously held the same post at State Farm Bank in Bloomington, Ill., and his background includes stints at U.S. Bancorp (USB), Bank One and Toyota Financial Services.
"We are pleased to add to our organization a seasoned credit risk management executive of Mark's caliber," William Cooper, TCF's chairman and chief executive, said in a press release. "His deep expertise in all areas connected with credit will be an asset to our board and senior leadership team."
TCF also announced that it had named Guy Rau to become national manager of commercial and industrial banking, filling a newly created post. Rau joined the company in 2006, and recently led its commercial banking operations in Michigan.
The company also tapped Gloria Charley as its director of talent management. She has been with the company since 1999, recently serving as a senior talent management leader.
TCF was recently released from an enforcement order tied to its monitoring of suspicious transactions.