TCF Capital Funding is headquartered in Burr Ridge, Illinois, and will be headed by a new president Joe Gaffigan, who will report to Jim Urbanek, Managing Director of Commercial Banking.
With a 25-year experience in the leverage finance business, Gaffigan had previously held senior level management positions with MFC Capital Funding, where he most recently served as co-founder, president & chief executive officer, as well as Fifth Third Bank’s Structured Finance.
Several leverage finance experts including senior vice presidents Ed Ryczek and Thom Karle, vice presidents Jim Kuncl and Monica Briseno, and assistant vice president Frances Miller will join Gaffigan at TCF Capital Funding.
"TCF is committed to developing new products and services targeted at the commercial middle market segment,"
TCF Lending vice chairman Craig Dahl said the expansion of the company’s commercial lending business into leverage finance will continue to diversify and grow TCF’s assets on a disciplined basis.
As of 31 December 2011, TCF Bank is a wholly-owned subsidiary of TCF Financial, a Minnesota-based national bank holding company with $19bn in total assets.
