The Firm represented the initial purchasers, led by Morgan Stanley and US Bancorp, in connection with the Section 3(a)(2) exempt offering of $150 million aggregate principal amount of 4.125% Fixed-to-Floating Rate Subordinated Bank Notes due 2029 by TCF National Bank.
TCF National Bank, a national bank and wholly owned subsidiary of TCF Financial Corporation (NYSE: TCF), has 312 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona and South Dakota, providing retail and commercial banking services. TCF National Bank also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in all 50 states and Canada.
The Simpson Thacher team included Hui Lin, Lesley Peng, Teresa Chen and Jessica Jeong (Capital Markets); Adam Cohen (Bank Regulatory); Jamin Koslowe and Joo Hyun Lee (Executive Compensation and Employee Benefits); Jonathan Cantor and Edward Grais (Tax); and Jennie Getsin (FINRA and Blue Sky).