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TCF to close a downtown Minneapolis branch

December 12, 2013
Associated Press

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.

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Information from: Star Tribune, http://www.startribune.com

 
 

 

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