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Home›Huntington›Metro Detroit banking vet Tom Shafer to retire from Huntington Bank

Metro Detroit banking vet Tom Shafer to retire from Huntington Bank

By Lisa R. Bonnell
May 26, 2022
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After stepping down in late June, Shafer will hand over his commercial banking responsibilities to Scott Kleinman, senior executive vice president and co-president of commercial banking operations, who will then become the division’s sole president.

Shafer came to Huntington from TCF, where he had been CEO before the Huntington deal. His career trajectory in recent years largely follows the trading arc led by Metro Detroit banker Gary Torgow dating back to 2007.

Shafer served as COO and CEO in the various bank consolidations orchestrated by Torgow and others, which began with the renaming of First Michigan Bank to Talmer Bank, which later became Chemical Bank , TCF Bank and now Huntington, which at $176 billion is the 20th largest bank in the country by assets.

Prior to joining Talmer in 2013, Shafer worked for 16 years in senior positions at other banking institutions.

“In his 18 months since joining Huntington, Tom has made a significant and lasting impact, whether it’s helping navigate the incredibly complex merger with TCF or driving impressive growth within of our commercial banking segment,” said Steve Steinour, chairman, president and chief executive officer of Huntington. The version. “I am grateful for all that Tom has done for Huntington and that he has agreed to continue to serve as a senior advisor for the bank.”

Kleinman, 51, works in Huntington’s offices in Cleveland and Columbus, according to a bank spokesperson.

“I am also delighted that Scott is taking on additional responsibilities leading our commercial bank,” Huntington CEO Steinour said in the statement. “Scott’s strategic vision, drive and discipline have enabled phenomenal growth over the years, and his continued leadership will continue to serve us well as we expand our capabilities.”

When announcing the deal with the Detroit-based TCF, Steinour and Torgow — now chairman of the board of Huntington National Bank — said the bank would have dual headquarters in Columbus and Motor City. Detroit was to serve as Huntington’s commercial banking headquarters.

A spokesperson said late Thursday that “the Huntington commercial bank has grown significantly following the TCF merger and we have commercial colleagues in all of our markets, including Detroit.”

A new high-rise office building for the bank, located near Woodward Avenue and I-75, is nearing completion.

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