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TCF Bank Donates $25,000 to Support Small Business in Southwest Michigan

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October 16, 2020
Benton Harbor, MI - Cornerstone Alliance, Berrien County's lead economic development agency, was granted $25,000 in September on behalf of the TCF Bank Community Impact Fund. The Community Impact Fund's purpose is to strengthen the bank’s existing relationships with community partners in an effort to build robust and complex partnerships. Cornerstone Alliance is proud to continue its partnership with TCF, which started with Chemical Bank prior to its merger of equals with TCF Bank, to support our local small business community. 
 
“TCF Bank is passionate about building stronger businesses and communities, and we recognize that small businesses are the backbone of our neighborhoods. That’s why we are so pleased to continue our support of Cornerstone Alliance and the important work they do helping local businesses grow and succeed,” said Emmanuel Glover, TCF director of community development and Community Reinvestment Act Officer. 
 
The Alliance will provide local small business owners from diverse backgrounds, many of whom are facing social or economic barriers (poverty to low income), with opportunities to develop the skills and acquire the knowledge needed to achieve financial independence. Cornerstone Alliance Small Business Services works with local business owners with access to capital for start-up and existing businesses poised for growth. As an SBA microloan intermediary, we service small businesses located in Berrien, Cass and Van Buren Counties.
 
TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $50 billion in total assets at June 30, 2020 and a top 10 deposit market share in the Midwest. TCF’s 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 476 branches 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. In 2019, TCF and Chemical Bank merged, forming Michigan’s largest national bank holding company. To learn more about TCF, visit tcfbank.com
 
About Cornerstone Alliance
Cornerstone Alliance is a non-profit, investor-governed economic development organization primarily focused on increasing employment opportunities, private sector capital investments and the local tax base in Michigan's Great Southwest; with specialized business services offered in economically distressed areas.
 
About Cornerstone Alliance Small Business Services
Cornerstone Alliance Small Business Services provides technical, business, and financial assistance to small businesses with an emphasis on income disadvantaged and women owned businesses. The Women's Business Center and Cornerstone Alliance and the Microloan Program are funded in part through a Cooperative Agreement with the U.S. Small Business Administration.