TCF National Bank is to acquire the residential mortgage lender Rubicon Mortgage Advisors
TCF National Bank is to acquire the residential mortgage lender Rubicon Mortgage Advisors.
The definitive agreement should close by the end of 2017 and Rubicon’s thirty-four mortgage professionals are expected to join TCF Bank.
Rubicon is licensed to operate in South Dakota, Wisconsin, Colorado and California and was founded 11 years ago. Since then it has won many accolades in the mortgage industry and has been recognized for its industry expertise.
“We are excited to be joining TCF and enhancing our ability to serve Rubicon’s portfolio of customers. Our team of experienced mortgage lending professionals will benefit from having the backing of a strong, well-capitalized bank and the opportunity to provide expanded services to TCF Bank’s large customer base,” said Rubicon president Brian Call.
TCF is based in Minnesota and as of the end of September 2017 it had $23 billion in total assets, 321 branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin. Through its subsidiaries it operates in all 50 states and in Canada.
“The experienced and knowledgeable team at Rubicon Mortgage Advisors, combined with its complementary geographic footprint to TCF Bank, enables us to increase our scale and reach for these [first mortgage] products,” commented Michael S. Jones, executive vice president, consumer banking, TCF.
The definitive agreement should close by the end of 2017 and Rubicon’s thirty-four mortgage professionals are expected to join TCF Bank.
Rubicon is licensed to operate in South Dakota, Wisconsin, Colorado and California and was founded 11 years ago. Since then it has won many accolades in the mortgage industry and has been recognized for its industry expertise.
“We are excited to be joining TCF and enhancing our ability to serve Rubicon’s portfolio of customers. Our team of experienced mortgage lending professionals will benefit from having the backing of a strong, well-capitalized bank and the opportunity to provide expanded services to TCF Bank’s large customer base,” said Rubicon president Brian Call.
TCF is based in Minnesota and as of the end of September 2017 it had $23 billion in total assets, 321 branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin. Through its subsidiaries it operates in all 50 states and in Canada.
“The experienced and knowledgeable team at Rubicon Mortgage Advisors, combined with its complementary geographic footprint to TCF Bank, enables us to increase our scale and reach for these [first mortgage] products,” commented Michael S. Jones, executive vice president, consumer banking, TCF.
