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TCF-Chemical deal could be start of 'potential storm' of regional bank M&A

Jan 29, 2019 - SNL Financial

A merger of equals between TCF Financial Corp. and Chemical Financial Corp. might be only the first in a wave of large regionals teaming up to compete with the megabanks.

At Bank Director s Acquire or Be Acquired conference in Phoenix, speakers and attendees said a looser regulatory environment and a desperate need to develop financial technology could drive more regional mergers, including mergers of equals. In 2018, Congress passed regulatory reform legislation that will push the asset t...