US-based TCF Bank is set to realign its retail banking resources to drive growth initiatives, which includes integration of 37 branches located in Jewel-Osco stores in Chicago area and a branch in Minneapolis by the end of March 2014.
The realignment is part of TCF Bank’s plan to manage its resources while investing in online and mobile banking platforms, new products and services, and expanded ATM locations.
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Post integration, TCF will continue to maintain another 118 branch locations in other grocery stores throughout the Chicago area.
Additionally, TCF will expand its ATM network in the Chicago area with the addition of 52 new machines at Chicago Transit Authority ‘L’ train stations throughout the city. The addition will bring the number of ATMs to more than 270 throughout the Chicago area.
TCF Bank funding, operations and finance vice chairman, Thomas F Jasper, said they continue to focus on enhancing the banking experience for their customers by delivering products and services that meet the needs of their everyday lives.
"As we make investments in these areas, we are deploying resources in places that benefit all of TCF’s customers. We determined our customer base at these branches could be served by other nearby TCF locations, enabling us to redirect resources to fund our growth initiatives," Jasper added.
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By GlobalData
