Add-on Acquisition • Financial Services

TCF Acquires Talmer Bancorp

On January 26, 2016, TCF acquired financial services company Talmer Bancorp for 1.1B USD

Acquisition Context
  • This is TCF’s 12th transaction in the Financial Services sector.
  • This is TCF’s largest (disclosed) transaction.
  • This is TCF’s 12th transaction in the United States.
  • This is TCF’s 11th transaction in Michigan.

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M&A Deal Summary

Date January 26, 2016
Target Talmer Bancorp
Sector Financial Services
Buyer(s) TCF
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target Company

Talmer Bancorp

Troy, Michigan, United States
Talmer Bancorp is the holding company for Talmer Bank and Trust provides various banking services and products.
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Buyer Overview 1

Buyer

TCF

Detroit, Minnesota, United States

Category Company
Founded 1923
Sector Financial Services
Employees7,254
Revenue 1.7B USD (2019)
DESCRIPTION

TCF Financial Corp. is a national bank holding company. TCF has 400+ branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona, and South Dakota, providing retail and commercial banking services. TCF Financial was founded in 1923 and is based in Detroit, Michigan.


Deal Context for Buyer #
Overall 12 of 13
Sector: Financial Services 12 of 13
Type: Add-on Acquisition 12 of 13
State: Michigan 11 of 11
Country: United States 12 of 13
Year: 2016 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Lake Michigan Financial

Holland, Michigan, United States

Lake Michigan Financial Corp. is a provider of financial services.

Buy $187M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Rubicon Mortgage Advisors

Minnetonka, Minnesota, United States

Rubicon Mortgage Advisors LLC is a residential mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado and California.

Buy -