TCF Financial Corporation Introduces New Advisory Board to Bridge Generational Gap in Banking and Finance

Rhea-AI Summary

TCF Financial Corporation (TCF) has launched the Emerging Leaders Advisory Board, consisting of 15 members, including young leaders from diverse backgrounds. This board aims to provide insights in key areas such as banking technology, workplace culture, financial wellness, and corporate social responsibility. The initiative is designed to bridge the generational gap in finance, aligning with TCF’s commitment to modern banking practices. Members will serve a one-year term and contribute to educational initiatives and talent retention strategies.

Positive

• Formation of a diverse advisory board expected to bring fresh perspectives and insights in banking.
• Focus on key areas such as financial literacy and corporate social responsibility to enhance community engagement.

Negative

• Potential concerns about the continuity and experience gaps in leadership as the board members are relatively young.

TCF Financial Corporation (TCF) (NASDAQ: TCF) on Tuesday announced the formation of a new advisory board comprised of a young and diverse group of leaders representing government, community non-profits, business owners, and banking. The Emerging Leaders Advisory Board–which includes eight TCF team members and seven external members–will work with TCF executives and the board of directors to bridge the generational gap that exists in modern banking and finance.

The Emerging Leaders Advisory Board will provide fresh perspectives in four key business areas: technology and relationships in banking; workplace culture; financial needs of future generations; and corporate social responsibility.

“It is important that, as a bank, we hear the voices of our younger leaders who are already reshaping how we do business and interact with each other. We are excited to work with this talented and diverse group of individuals who are leaders in their professions and communities. Their forward-thinking ideas will add a new dimension to our bank and help us to shape the way we think about banking for years to come," said Gary Torgow, executive chairman of TCF Financial Corp.

As part of their advisory role, the emerging leaders will develop and execute educational financial literacy and financial wellness events tailored to the needs of future generations, advise on ways to attract and retain talent, and help better position the bank as a socially responsible leader in the financial sector.

Members of the Emerging Leaders Advisory Board will serve a one-year term. Plans are underway to expand this board after the completion of the Huntington and TCF merger later this year.

"There is an immense amount of talent on this board, and I am eager to see the contributions they will make across the bank," said Stephen Steinour, Huntington Bancshares chairman, president and CEO. "At Huntington, we are committed to welcoming all generations and diversity of customers and talent, so the work of the Emerging Leaders Advisory Board is extremely important."

2021 Emerging Leaders Advisory Board members

Ghida Dagher Director of Appointments Executive Office of Governor Gretchen Whitmer (Michigan)	Rachid Elabed Community Manager of Business Operations ACCESS (Michigan)	Katarina Flathau Volunteer & Strategic Giving Manager, Assistant Vice President TCF Bank (Michigan)
Anne Kruger Senior Legal Counsel, Vice President TCF Bank (Minnesota)	Garrett Jackson University Relations, Assistant Vice President TCF Bank (Michigan)	Vance Jackson Impact Development Officer City of Detroit Mayor’s Office (Michigan)
Molly Greenheck Sr. Organizational Effectiveness Specialist TCF Bank (Minnesota)	Kamilia Landrum Executive Director Detroit Branch NAACP (Michigan)	Jonae' Maxey Founder Maxey Real Estate Investments (Michigan)
Latrice McClendon Director of Corporate Community Relations, Senior Vice President TCF Bank (Michigan)	Austyn McElroy Director, Customer Experience – Consumer, Vice President TCF Bank (Minnesota)	Chelsea Neblett Manager, Detroit Financial Empowerment Center City of Detroit (Michigan)
Shauen Pearce Economic Development & Inclusion Policy Director City of Minneapolis (Minnesota)	Echo Propp Sponsorship Market Manager TCF Bank (Minnesota), Assistant Vice President	James Urquhart Banking Center Manager, Officer TCF Bank (Illinois)

About TCF: TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Dec. 31, 2020 and a top 10 deposit market share in the Midwest. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 470 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit tcfbank.com.

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Source: TCF Financial Corporation

View source version on businesswire.com: https://www.businesswire.com/news/home/20210330005324/en/

FAQ

What is the Emerging Leaders Advisory Board at TCF?

The Emerging Leaders Advisory Board is a newly formed advisory group at TCF Financial Corporation aimed at providing insights from young and diverse leaders in various key business areas.

How many members are in the Emerging Leaders Advisory Board?

The board consists of 15 members, including eight from TCF and seven external leaders.

What are the main goals of the Emerging Leaders Advisory Board?

The board aims to bridge the generational gap in banking, enhance workplace culture, and promote financial literacy and social responsibility.

What is the duration of the term for the board members?

Members of the Emerging Leaders Advisory Board will serve a one-year term.

How will the advisory board impact TCF Financial Corporation?

The advisory board is expected to provide new ideas and strategies that can influence TCF's approach to banking and enhance its community involvement.