Former TCF CEO, Detroit native Cooper dies

William A. Cooper, executive chairman and former CEO for nearly 30 years of TCF Financial Corp, died Feb. 7. He was 73 years old.

William A. Cooper, executive chairman and former CEO for nearly 30 years of TCF Financial Corp, died Feb. 7. He was 73 years old.

A Detroit native, Cooper was appointed CEO in 1985 of Twin Cities Federal, which later became TCF. The Wayzata, Minn.-based institution has 54 branches in Michigan.

Cooper transformed the failing savings and loan into a national bank and took the company public in 1986. He briefly retired as chairman and CEO in 2006 before returning in 2008 to lead the company until his retirement as CEO in 2015. He continued to serve as executive chairman until his death.

Cooper was born in 1943 and grew up in Detroit. He graduated from Wayne State University in 1967 and began his career in banking as an assistant treasurer at Michigan National Bank. Later, he went on to serve as president of Huntington Bank in Columbus, Ohio and as president of American Savings and Loan Association.

“The entire TCF family is deeply saddened by the passing of Bill Cooper and we will miss his passion for our company, its people and his strong leadership of our board of directors,” said Craig R. Dahl, TCF’s vice chairman and chief executive officer. “Bill leaves a remarkable legacy on TCF and the communities we serve.”

The $21 billion TCF was recently hit with a lawsuit by the Consumer Financial Protection Bureau over its overdraft protection enrollment practices.