News Column

TCF Equipment Finance, Inc. Celebrates Fifteen Years in Business

June 28, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- TCF Equipment Finance, Inc. ("TCFEF"), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation ("TCF") (NYSE: TCB), is commemorating its 15th year in business.

Since 1999, a small leasing organization with 28 employees has grown into one of the premier equipment finance companies in the United States. Today, TCFEF has more than 300 employees and recently achieved $3 billion in earning assets in November 2013.

TCFEF provides a full array of financial products nationwide to 11 industry segments, including: agriculture, commercial marine, construction and waste, discounting, franchise, golf, healthcare, homecare, manufacturing, specialty vehicles and syndications. TCFEF has consistently experienced strong performance in new business origination, portfolio performance, and net income levels.

"Over the years we have stayed true to our number one goal of being recognized as an industry leader by being experts in the markets we serve and providing excellent service while producing strong results," said William Henak, president and chief executive officer of TCFEF. "We are more than a company, we are a team."

TCFEF is also focused on continuing its culture of excellence and growth by developing its team members, investing in systems and process improvements, growing its core business, and expanding into new markets, segments, and products.

"Fifteen years is a significant milestone, but our focus is on long term, sustained growth and success through strong relationships with great customers and the passion and dedication of TCFEF team members," said Henak. "We will continue to build on our team's strengths while becoming even better by listening to and acting to serve our customers' needs and future plans."

Keywords for this news article include: Investment and Finance, TCF Financial Corporation.

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Source: Investment Weekly News


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