Delivering on Equity Pledge, TCF Bank Unveils $1 Billion Loan Commitment for Minority Communities and Minority- and Women-Owned Small Businesses

DETROIT--(BUSINESS WIRE)--Less than two months after pledging to take action for racial equality and social justice in the communities TCF Bank serves, the company today announced a $1 billion loan commitment to minority communities and minority- and women-owned small businesses, and a $10 million grant program to assist low-to-moderate income home buyers. The 5-year programs are among the first tangible products of a public commitment Detroit Mayor Mike Duggan secured from major corporations in the immediate aftermath of George Floyd’s murder and will impact businesses across TCF’s footprint and the country.