Business
Gary’s extended chairmanship at Huntington National Bank follows his presiding over its successful merger with TCF Financial Corporation. Gary previously served as Chairman of TCF after spearheading Chemical Financial Corporation’s acquisition of TCF – the largest bank headquartered in Michigan – and its adopting the TCF name.
Huntington Bank’s merger with TCF has catapulted it to a top-ten U.S. regional bank with a market value of approximately $22 billion. Currently the 16th largest bank in the US, Huntington Bank operates over 1,000 branches across its footprint with a comprehensive suite of banking, wealth management, and risk management products and services.
Upon the announcement of Gary’s agreeing to continue in his role as Chairman of Huntington National Bank, Steve Steinour, CEO of Huntington noted, “I greatly value his leadership and his deep commitment to our colleagues, and the communities across our footprint of 15 states. I deeply appreciate and admire Gary as a leader, a partner and a person.”
Gary’s career in the banking sector began with First Michigan Bank, predecessor to Talmer Bank, the financial institution he acquired with business partner, David Provost, in 2008. As chairman of Talmer, Gary presided over its successful merger with Chemical Financial Corporation in August 2016.
Gary is also the founder of The Sterling Group, a Michigan-based, real estate development and investment company, which acquires, develops and operates a distinguished portfolio of landmark properties in southeastern Michigan. Sterling Group is presently managed and operated by Gary’s sons.
News of Sterling’s bold acquisition and redevelopment plans for the former Joe Louis Arena site as the proposed Hotel Water Square – a luxurious, 600-room JW Marriott hotel – made headlines, highlighting the Torgow family’s continued presence at the forefront of Greater Detroit’s development arena.