TCF Bank Completes Acquisition of Rubicon Mortgage Advisors

WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it has completed...

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WAYZATA, Minn.--()--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it has completed its previously announced transaction to acquire Rubicon Mortgage Advisors, LLC (Rubicon), a residential mortgage lender with offices in Minnesota and North Dakota. Financial terms of the agreement were not disclosed. In conjunction with the closing, TCF Bank will begin marketing its residential first mortgage program as TCF Home Loans in the consumer market. TCF Home Loans will provide high quality residential mortgage lending solutions to customers across TCF Bank’s retail banking footprint, and the additional market of North Dakota. The combined team of mortgage professionals under TCF Home Loans will be led by Brian Call, who was named managing director of the business and previously served as president of Rubicon.

“We are excited to welcome the Rubicon team to TCF Bank and introduce the additional scale and capabilities they bring to our newly formed TCF Home Loans business,” said Michael S. Jones, executive vice president, Consumer Banking. “Our focus in retail banking continues to be on providing our customers with the products, expertise and service to help them in every stage of their financial life. As TCF Home Loans, we look forward to broadening the products and services we offer and putting our deep expertise and mortgage industry relationships to work on behalf of customers and consumers.”

Founded in 2006, Rubicon quickly earned a solid reputation for its deep industry knowledge and strong mortgage industry relationships. In addition to founding Rubicon and leading the company, Brian Call served as president of the Minnesota Mortgage Association in 2016 and was a member of its board of directors. He was also named one of the country’s “Most Influential Mortgage Professionals” by the National Mortgage Professional Magazine.

About TCF

TCF is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2017, TCF had $23 billion in total assets and 321 bank branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance in all 50 states and Canada. For more information about TCF, visit tcfbank.com.

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