TCF Financial announced Thursday the company's board of directors has elected president and CEO, Craig Dahl, to the additional role of board chairmn.
"I am grateful for the experience and support of TCF's Board of Directors as we chart the nextphase of our growth," Dahl said in a news release.Dahl succeeds William Cooper who was chairman of the company from 1985 until his death earlier this year. Vance Opperman, president and CEO of Key Investments, will continue his role as lead director of the 14 member board.
"Since being elected to TCF's Board in 2012, Craig has demonstrated strong leadership in establishing a clear vision and strategy for TCF's long-term growth which makes him uniquely qualified to lead our Board," Opperman said in a release.
TCF Financial is getting another smaller change soon. Its stock symbol will change from TCB to TCF effective May 8th.
The Wayzata-based company wasn't looking to change its ticker symbol but when NYSE officials contacted the company several weeks ago and said the TCF symbol would soon be available management grabbed it.
Why the TCB ticker symbol came to be may be lost to institutional memory but the company wasn't about to look a gift horse in the mouth and quickly accepted the symbol.
"It aligns better with our overall brand," said TCF spokesperson Amie Hoffner.
Shareholders won't have to do anything. The common stock will continue to be listed on the NYSE and other important corporate identification numbers remain the same.
