Huntington Bancshares in Columbus, Ohio, said that a key executive it gained from its acquisition of TCF Financial is planning to retire.
The $178 billion-asset Huntington disclosed in a regulatory filing that Thomas Shafer will step down as co-president of its commercial bank on June 30. He will fully retire from the company on Dec. 31.
Scott Kleinman will be the sole president of the commercial bank on July 1.
Shafer was vice chairman of TCF Financial and CEO of TCF National Bank when it was bought by Huntington in June 2021.