TCF Financial Corporation on Monday announced Craig R. Dahl will retire, effective Tuesday, Oct. 27, following the extraordinarily successful integration between TCF Bank and Chemical Bank, a merger Dahl helped lead. The TCF Financial Corporation board of directors elected Vice Chairman David T. Provost as TCF Financial Corporation chief executive officer and elected Thomas C. Shafer to the board of TCF Financial Corporation as vice chairman and CEO of TCF National Bank. Both Shafer and Provost will report to Executive Chairman Gary Torgow.
Michael S. Jones, currently executive vice president, regional banking, will become president and chief operating officer of TCF Bank, reporting to Shafer.
Craigs leadership has been instrumental in getting TCF to the point we are today. He has guided TCF through a successful integration program and has worked tirelessly with our teams to build many of our businesses from the ground up over the past 20 years. His passion and dedication have helped to guide the One TCF culture and the strong bench strength of talent we benefit from are a testament to his leadership. We congratulate Craig on a tremendous career and thank him for his many contributions. All of us at TCF are eternally grateful for his leadership, Torgow said.
Dahl has spent 21 years with TCF and was named president and CEO of legacy TCF in 2016. Upon the merger of equals in 2019, he became president and CEO of TCF.
I am proud of all of our accomplishments over the past year and the momentum that TCF has today. One of the benefits of our merger of equals is the great talent that rises to the top. These leaders are ready to assume their roles and run the business, Dahl said. I would like to extend my appreciation to the Executive Leadership team and Gary for his partnership as we have worked together to integrate the operations and cultures of two banks into One TCF. I am grateful for the opportunities and experiences Ive had with this great institution.
Provost served as president and chief executive officer of Chemical Financial Corporation from June 2017 to August 2019, and vice chairman of TCF Financial Corporation since August 2019. Shafer served as vice chairman and a director of Chemical Financial Corporation until August 2019, and has served as president and chief operating officer of TCF Bank since August 2019.
Daves and Toms commitment to our team members, customers and communities sets us on a trajectory for monumental success in the years ahead, Torgow said. Dave and Tom have worked well together in leading our company since the first days of Talmer Bank, Chemical Bank and through the TCF merger. This is a natural time to implement our succession plan.
As a purpose-driven company passionate about building stronger individuals, customers and communities, I am grateful for the opportunity to lead this bank and our dedicated team members. The banking industry is changing dramatically, accelerated by the pandemic, and I am confident that together, we will take TCF to new heights, Shafer said.
Since the merger, Jones has served as executive vice president of regional banking, responsible for retail banking, consumer lending, small business banking, middle market and regional commercial banking, wealth management, treasury management, municipal banking, mortgages and home lending. Previously, he was executive vice president, consumer banking of legacy TCF, and previously served as its chief financial officer.
Mike is a wonderful leader and plays a key role in the executive leadership of the bank, Torgow said.
As previously announced last year, effective Oct. 1, 2020, Brian Maass succeeded Dennis Klaeser as chief financial officer. Maass will report to Shafer. In addition, R. Patricia Kelly, Chris McComish and Daniel W. Terpsma have been elevated to the TCF Bank executive leadership team and will report to Jones.
About TCF: TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at September 30, 2020 and a top 10 deposit market share in the Midwest. TCFs primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 475 banking centers primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit tcfbank.com.
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Source: TCF Financial Corporation
TCF Press Contact:
Randi Berris (Media)
Timothy Sedabres (Investors)
[email protected] (Investors)
GoSecure Announces Closing of $35M Growth Investment Round
GoSecure, an established leader in the rapidly-growing Managed Detection and Response (MDR) market, today announced that it closed its Series E growth round at an oversubscribed $35M. W Investments Group, based in Montreal, led this second investment with guidance from Yaletown Partners, leaders of the initial Series E round in June 2020.
We are extremely honored to have W Investments Group complete this round of growth funding, said Neal Creighton, GoSecure CEO. Combined with Yaletown Partners, and our existing investors, GoSecure has an investor community extremely experienced at helping take high-growth companies to the next level.
Managed Detection and Response is one of the fastest-growing cybersecurity markets, with industry analysts projecting upwards of 50% of mid-market organizations will adopt MDR over the next five years. GoSecure MDR, based on their industry-leading detection and response platform, is transforming the way organizations protect themselves from the latest attacks, detecting and mitigating on average in less than 15 minutes.
GoSecure continues to add new customers at the highest rate in our history, continued Mr. Creighton. Based on the detection and response platform weve built, customers see the value of GoSecure MDR immediately and rest comfortably knowing they are protected by the best people, processes, and technology in the market. W Investments Group brings a wealth of experience that will be vital in helping GoSecure increase the awareness and adoption of our market-leading approach to Managed Detection and Response.
We always invest in people first. GoSecure is no exception. We were pleased by the quality and the depth of their management team. The company is at an inflection point; with state-of-the-art technology in hand and the right partnerships in place, they are ready to go to market at full speed, said Maxime St-Laurent, Co-Founder and Managing Partner at W Investments Group. The team at GoSecure has been making the right decisions and positioning themselves for sustained growth in the years ahead. We are excited to be part of the adventure and will support the team in any way we can.
Since launching as CounterTack in 2012, GoSecure has developed its unique behavior-based, predictive detection and response platform, acquired several companies, and emerged as a leader in the fast-growing Managed Detection and Response market. GoSecure is now at 200 employees with country headquarters in Montreal, Quebec, and San Diego, California. Growth that was already accelerating prior to the COVID-19 pandemic, continues as organizations adapt to an increasingly mobile workforce.
National Bank Financial Inc. acted as a placement agent in assisting GoSecure in securing this financing.
GoSecure is recognized as a leader and innovator in cybersecurity solutions. The company is the first and only to integrate endpoint, network, and email threat detection into a single Managed Detection and Response service. The GoSecure detection and response platform delivers predictive multi-vector detection, prevention, and response by applying a unique combination of behavioral analysis, memory forensics, machine learning, and reputational techniques to counter the most advanced threats. Aggressive SLAs drive our MDR Services for rapid response and active mitigation services that directly touch the customers network and endpoints. Together, these capabilities provide the most effective response to the increased sophistication of continuously evolving malware and malicious insiders that target people, processes, and systems. With a focus on innovation, quality, integrity, and respect, GoSecure has become the trusted provider of cybersecurity products and services to organizations of all sizes across all industries globally.
About W Investments Group
W Investments Group L.P. is a private investment company formed and operated by successful investors with strong experience as entrepreneurs, operators, and managers of private and public companies. W Investments Group holds investments in private companies, real estate, and other alternative asset classes. www.winvestments.group
Alliance Strengthens West Coast Presence with Acquisition of Almega Environmental
Align Capital Partners (ACP) environmental services platform Alliance Holdings, LLC (Alliance or the Company) has acquired Almega Environmental (Almega). Almega provides source emissions testing (or stack testing) services including ambient air testing, on-site analysis and EPA compliance to the manufacturing, metals and renewable energy industries, among others.
Located in Cypress, California, Almega is a natural strategic fit for Alliance as the Company strengthens its presence in the Western United States. Almega is excited to partner with Alliance as the Companys first stack testing office in California, said Almega President John Phillips. We will continue to serve our clients in meeting their HSE (Health Safety and Environment) requirements as part of the Alliance brand moving forward. Phillips joins the Company as a Regional Business Development Manager focused on customer sales.
Chris LeMay, CEO of Alliance said, Alliance has been eager to find the right stack testing partner to expand in California and we found that with Almega. In partnership with John and the talented Almega personnel, we look forward to serving existing and new customers with our best-in-class systems and processes.
With a national footprint of 18 offices across 11 states, Alliance has the technical expertise to serve a diverse range of end markets. Almega is Alliances seventh add-on acquisition since 2015 and fourth in 2020. The Company will continue to evaluate additional acquisition targets for its growing platform.
With the addition of Almega in California, Alliance is now truly a national platform with offices from Alabama to Texas to California to Alaska to Pennsylvania and many states in between, said ACP Managing Partner Rob Langley. We are thrilled to continue to support the Alliance team as they build the Company to be the leading provider of environmental compliance services focused primarily on air emissions testing in the United States.
Operating Partner Dave Perotti, Principal Jack Parks, Senior Associate Corey Roe and Associate Chris Collins worked alongside Mr. Langley on the transaction.
About Alliance Holdings, LLC
Headquartered in Decatur, AL, Alliance is the leading provider of air emissions testing and monitoring solutions to customers throughout the United States. With expertise in a variety of end markets, Alliance is uniquely qualified to provide customers with the highest quality testing solutions available to meet air compliance and risk reduction goals. For more information, please visit stacktest.com or alliance-em.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firms investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing / distribution and healthcare sectors. For more information, visit aligncp.com.
DataTribe Announces Third Annual Cybersecurity Start-Up Challenge Finalists
DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today the finalists of its third annual DataTribe Challenge. The competition is poised to identify seed stage start-ups with a vision to disrupt cybersecurity and data science.
This years DataTribe Challenge submissions truly exemplified how the world has changed and where new-category defining technologies are coming from. We received submissions from all around the world and our finalists represent technologies that are 3-4 generations ahead of the existing commercial products, said Mike Janke, Co-founder of DataTribe. We are thrilled to welcome these finalists to compete as the winner of this years competition.
In a virtual event format this year, finalists will present a pitch and answer questions from judges on December 10, 2020. Three finalists will split $20,000 in prize money, and one winner will be eligible to receive up to $2 million in seed capital from DataTribe.
- oak9: Based in Chicago, IL, oak9 enables developers to accelerate delivery while providing comprehensive security. The oak9 platform analyzes infrastructure-as-code and builds security into cloud native applications so they are secure and compliant by-design.
- Scanta: Based in San Francisco, CA, Scantas mission is to secure conversational systems from adversarial attacks. Through the combination of AI and cybersecurity, Scanta’s security platform identifies and prevents attacks on a wide range of conversational systems.
- SightGain: Based in Washington, DC, SightGain is the only cybersecurity risk management platform that evaluates security readiness by testing how well both production systems and personnel detect and prevent actual malicious attacks.
In addition to presentations from finalists during the Finalists Event this year, the CyberWires Chief Analyst, Rick Howard, will host experts from The CyberWire’s Hash Table for an insightful discussion of key cyber trends in 2021.
DataTribe is a startup foundry that invests in and co-builds world class startups focused on generational leaps in cybersecurity and data science. Founded by leading investors, start-up veterans and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind services, access to an unparalleled network, and decades of professional expertise to give their companies an unfair advantage. DataTribe is headquartered in the Washington-Baltimore metro area, in Fulton, Maryland. For more information, visit https://datatribe.com.
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