TCF Middle Market has provided financing to Hamel, Minnesota-based Medina Electric, an electrical contractor. No financial terms were disclosed.
WAYZATA, MN (July 18, 2019) – TCF Middle Market (TCFMM), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it provided secured financing to support Medina Electric.
Headquartered in Hamel, Minn. and founded in 1973, Medina Electric is an electrical contractor with diverse experience levels in residential, commercial and industrial construction. Medina Electric also is associated with Leaf Mountain Design in which they assist with Design/Build projects. Medina Electric has grown continually for many years and has a respected reputation in the electrical industry.
“We are delighted to enter into a long-term relationship with Medina Electric,” said Jason Quam, vice president, Middle Market at TCF Bank. “Jason Ianfolla and his team have a strong reputation as a high-quality operator, and we are thrilled to provide capital and depository services to support the company’s growth.”
“The TCF team has been a pleasure to work with. They spent the time to truly understand our business and industry and built the foundation for a long-term relationship,” said Jason Ianfolla, CEO of Medina Electric.
About TCF Middle Market
TCFMM is part of commercial banking at TCF Bank. TCF has commercial offices in Chicago, Denver, Detroit, Madison, Milwaukee and in the suburbs of Minneapolis, providing comprehensive banking services to privately held middle market companies and nonprofits throughout the greater Midwest.
TCFMM offers both secured and unsecured senior loans, including working capital lines of credit and financing for owner occupied real estate. To learn more about TCFMM, visit tcfbank.com/commercial.
About TCF Bank
TCF is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2019, TCF had $24 billion in total assets and 312 bank branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit tcfbank.com.
About Medina Electric
Founded in 1973, Medina Electric is an electrical contractor with extensive experience in the residential, commercial and industrial construction industry. Medina’s electricians have many years of experience, are professional, thorough and provide quality workmanship. Most of their work is done in the seven-county Twin Cities metro area. Medina is a long-term member of the International Brotherhood of Electrical Workers (“IBEW”) and Local 292 Union (Minneapolis) and 110 Union (St Paul). Medina also has been an active member of Minneapolis National Electrical Contractors Association (“NECA”) since 1981. To learn more about Medina, visit medinaelectric.net