TCF National Bank, a subsidiary of TCF Financial Corporation, has concluded the previously announced acquisition of Rubicon Mortgage Advisors.
Established in 2006, Rubicon Mortgage Advisors operates as a residential mortgage lender and maintains offices in Minnesota and North Dakota.
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Along with the completion of the deal, TCF Bank will start marketing its residential first mortgage programmes as TCF Home Loans in the consumer market.
TCF Home Loans will offer 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 headed by Brian Call, who has been appointed managing director of the business. Earlier, he served as president of Rubicon.
TCF National Bank vice president of consumer banking Michael Jones said: “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.
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By GlobalData“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.”
The deal, whose terms were not disclosed, was first announced in October this year.
