MINNEAPOLIS (AP) — TCF Financial Corp. says it will close a downtown Minneapolis branch and 37 located in grocery stores in the Chicago area.
The closings will take place by the end of March.
The Wayzata-based bank company says the move comes after a recent review of its network of branches.
TCF will take a pretax charge of $7.6 million in its fiscal fourth quarter for costs related to closing the units and related job cuts.
The branch slated for closing in downtown Minneapolis is in a four-story building adjacent to TCF Tower, a 17-story building built in 1981. The company will continue to lease offices in both buildings for other operations.
The Star Tribune (http://strib.mn/19iskDE ) reports customers in downtown Minneapolis will still have access to another TCF branch in the IDS Center.
Information from: Star Tribune, http://www.startribune.com