February 2021

Faegre Drinker Advises TCF National Bank in Acquisition of BB&T Commercial Equipment Capital, Corp.

United States - Michigan

​​​​​​Faegre Drinker advised TCF Capital Solutions, a division of TCF National Bank (TCF), in its acquisition of BB&T Commercial Equipment Capital, Corp. (CEC), which includes a portfolio of approximately $1 billion of equipment finance leases and loans. CEC was Truist Bank’s national small-ticket equipment leasing and finance business. 

TCF Financial Corporation is a Detroit, Michigan-based financial holding company with $48 billion in total assets at Dec. 31, 2020 and a top 10 deposit market share in the Midwest. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank. TCF recently announced that it has entered into an agreement to combine with Huntington Bancshares. 

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