gary torgow net worth

The merger created a top 10 U.S. regional bank, with a market value of approximately $22 billion. He is also a trustee of the Community Foundation of Southeast Michigan. During his career, Gary Torgow has served on many civic and business boards. During the past 18 months, 0 shares of Odd Job Stores Inc (ODDJ) were sold and 0 shares were bought by its insiders, resulting in a net Net Worth . What is Gary Torgow's Net Worth? Chemical Bank announced its new Detroit headquartersin July 2018 and initially planned to ownthe new building itself, with an eye to a possiblesale-leaseback transaction after 10 years for about $154 million. Mr. Torgow is also the author of two books: . Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. sale , Chemical Bank will then rename itself TCF Bank. Industry. Talmer Bancorp Inc. was incorporated under the laws of the State of Michigan in February 2003 and it became the bank holding company for Talmer Bank and Trust in 2007. Gary is a graduate of Yeshiva University and Wayne State University School of Law and is a member in good standing of the Michigan Bar Association. The company has purchased several landmark properties throughout southeast Michigan. First of Huron Corp. was immediately merged into the Company followed by the merger of Signature Bank with and into Talmer Bank and Trust. The Huntington National Bank is an Equal Housing Lender and Member FDIC. the Director of Chemical Financial Corp and owns about 104,777 shares of Chemical Financial Corp (TCF) stock worth over $4 Million. of 3,438 shares made by Joann Chavez As a member of the board of directors, he brings deep knowledge of the Midwest market to the table. Disclamer: Michael Tibbetts net worth displayed here are calculated based on a combination social factors. His children, Elie Torgow and Yoni Torgow, are also involved in the company. Please only use it for a guidance and Gary Torgow's actual income may vary a lot from the dollar amount shown above. Save my name, email, and website in this browser for the next time I comment. He is also the Founder of the Sterling Group, a Michigan-based real estate and development, investment and management company, which has acquired, developed and operated a number of important landmark properties in. Torgow is on the boards of Blue Cross Blue Shield of Michigan,[4] DTE Energy,[5] Community Foundation of Southeastern Michigan,[6] Business Leaders for Michigan,[7] Jewish Federation of Metropolitan Detroit,[8] and the Detroit Regional Partnership. Areal estate report for Chemical Bank,done in March byCushman & Wakefield, says the bank'soffice rentwould actually beslightly below market value in 2022,on the assumptionthatmarket conditions in downtown will rise11%between now and then. . As the Exec. The following year, he reportedly earned a staggering 19.8million. Mr. Torgow holds a bachelors degree in history from Yeshiva University and a law degree from Wayne State University. He serves as a trustee of the Community Foundation for Southeast Michigan, on the executive board of Business Leaders of Michigan, and as a member of the Beaumont Health Trustees. Gary Torgow made Your Company Administrator is the only individual able to reset your password. Self-dealingiswhen an organization'sfiduciary uses the privileges ofhis or her position to advance their own self interest, ahead of the organization's. Torgow previously served as chairman of the board of directors of Chemical Financial Corporation from August 2016 to August 2019. His children own half of the corporate entity that will own the new headquarters in Detroit. But his real avocation was helping people. Gary Torgow is In summary, during the past 3 months, insiders sold 0 shares of Odd Job Stores Inc (ODDJ) in total and bought 0 shares, with a net DTE Energy Co (DTE)'s detailed insider trading history can be found in Insider Trading Tracker table. Gary Torgow sale See. What is the salary of Mr D? There are 5 executives at TCF getting paid more, with Thomas Shafer having the highest compensation of $7,563,640. Those rentsalso willgrow each year. This investment adviser does not provide advice to individual investors. This property is absolutely the best possible result for our company and headquarters," Shafer said. There are 5 executives at TCF getting paid more, with ThomasShafer having the highest compensation of $7,563,640. [9], Torgow has served as chairman of the Detroit Economic Growth Corporation,[10] the Michigan Civil Rights Commission and First Place Bank. According to the SEC Form 4 filings, Gary Torgow has made a total of among others of 0 shares. Other recent insider transactions involving Huntington Bancshares Inc (HBAN) include Gary has won numerous awards including the Frank A. Wetsman Leadership Award from the Jewish Federation of Metropolitan Detroit, the NAACPs Fannie Lou Hamer Keeping the Spirit Moving Award, and the Wayne State University Law School Outstanding Alumni Award. Pres. More:What you should know about the banker behind Chemical-TCF merger, More:Chemical Bank to raze downtown Detroit building for new headquarters, More:Chemical Bank to merge with TCF Financial Corp., change name. During his tenure, the company's value grew from a little over $1 billion to about $30 billion. Today he serves as the. The bank has a dual headquarters in Columbus, Ohio and Detroit. One Net. What you should know about the banker behind Chemical-TCF merger, Chemical Bank to raze downtown Detroit building for new headquarters, Chemical Bank to merge with TCF Financial Corp., change name, Your California Privacy Rights / Privacy Policy. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. If you think Gary Torgow's age is not correct, please leave a comment about Gary Torgow's real age and Gary Torgow's actual birthday below. Mr D is 63, he's been the Exec. Gary Torgow is Chairman at The Huntington National Bank, a two-time author, and an active community leader in Detroit, Michigan. There are 9 older and 18 younger executives at TCF. TCF Bank and Huntington Bank merged in June of 2021. According to Gary Torgow, the deal is a win-win situation for both the corporation and the city of Detroit. Today he serves as the Chairman of Huntington National Bank. After it was acquired by Huntington Bank, it will be known as TCF Bank. The combined company and bank operates under the Huntington name and brand. Chairman of TCF, the total compensation of Mr D at TCF is $2,391,244. After leaving his Sterling Group real estate firm, Gary Torgow and Provost went on to buy numerousdistressed banks in the early 2010s andbuildwhat became Talmer Bank,a $7-billion operation that haddozens of branch offices in Midwest states. Further, it provides treasury services comprising investment and borrowing portfolios, as well as manages capital, debt, and market risks; check cashing and remittance services; lines of credit, letters of credit, and capital market products; and credit and debit cards. Mr. Torgow is also the author of two books: Raising the Bar and Holy Warrior. Baby Smoove Net Worth How Much Is Baby Smoove Worth. Gary H. Torgow received a graduate degree from Wayne State University Law School and an undergraduate degree from Yeshiva University. Gary Torgow net worth 364 Thousand Millions of dollars 73% Net worth score Disclamer: Gary Torgow net worth displayed here are calculated based on a combination social factors. The development entitya limited liability company calledGPC Adamsalso will own the new $104-million buildingand become Chemical Bank'slandlord beginning infall 2022, when the headquarters is expected toopen. Gary Torgow Net Worth - How Much Is Gary Torgow Worth? Stephen D. Steinour now acts as the chairman, president and CEO of the company. cost Gary Board previously served on the board of Jackson National Life Insurance Company of New York. "TCF Financial Corp. introduces board of directors", "TCF announces renaming of Cobo Center as TCF Center", "DTE Energy names bank chairman Gary Torgow to board of directors", "Community Foundation of Southeastern Michigan", "Meet the Detroit Regional Partnership Team and Board", "Gov. Gary Torgow also serves as a Trustee on the Board of Touro College, the Jewish Federation of Metropolitan Detroit, is a Senior Vice President of the Orthodox Union and the Board President of Detroits largest Jewish Day School, the Yeshiva Beth Yehudah. Language links are at the top of the page across from the title. Gary Torgow, chairman of Chemical Bank, the largest bank headquartered in Michigan, made his name in the metro Detroit real estate business before pivoting to banking a decade ago. Base pay: $900,000 Stock options and awards: $15.6 million Other: $2 million Perks: $24,000 car. To be detailed, the average return of stocks after 3 months bought by Gary Torgow is 10.21%. Gary Torgow is Over the past 18 months, Additionally, he serves as the Trustee on the board of the Jewish Federation of Metropolitan Detroit and is a member of the board of the Detroit Regional Partnership. According to wikipedia, Gary Torgow was born on August 15, 1990. In addition, he is a member of Business Leaders of Michigan, as well as the Executive Board of Mosaic United. The singer has reportedly earned an impressive wealth of 105million. , have a combined weighting of 0.91% among all his current holdings. Chairman at TCF. , before they acquired TCF Financial Corporation and adopted the name. Gary Torgow is the Chairman of the Board of Directors of The Huntington National Bank. The other 1 stocks Dominick Montiglio (born July 17, 1947) is an American former associate of the Gambino crime family. owns 911,250 shares of Huntington Bancshares Inc (HBAN) as of October 25, 2022, with a value of $10 Million and a weighting of 31.65%. He has been a board member of Henry Ford Hospital, Jackson National Life Insurance Company of New York and many other prominent organizations. 1 transactions in Chemical Financial Corp (TCF) over the past 5 years, including 1 buys and 0 sells. It is one of the top 10 U.S. regional banks. Aikens Group. This is a very important position since the Commission is responsible for promoting the rights and well-being of all Michigan residents. He worked hard, became a lawyer and built up a law practice. As of December 31, 2019, the company had 520 branches, including 396 traditional branches, 121 supermarket branches, and three campus branches located in Michigan, Illinois, Minnesota, Colorado, Ohio, Wisconsin, Arizona, and South Dakota; and 1,099 ATMs. [1], Gary Torgow is chairman of The Huntington National Bank, a subsidiary of Huntington Bancshares, upon the merger of Huntington and TCF Financial Corporation.[2][3]. . Chief Operating Officer Thomas C Shafer TCF Financial Corporation operates as the financial holding company for TCF National Bank that provides various financial products and services in the United States and Canada. Insider Trends: Insider at TCF Financial Sells Stock for Taxes Interrupting 90-Day Buy Trend, The Huntington National Bank (Columbus, Ohio), Jewish Federation of Metropolitan Detroit, The Community Foundation for Southeast Michigan. DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. Transcript : Huntington Bancshares Incorporated - Shareholder/Analyst Call, TCF Financial Corporation Announces Management Changes, Huntington Bancshares Incorporated Adds Five New Board Members. Founder of The Sterling Group, Inc., Gary H. Torgow is a businessperson who has been at the head of 7 different companies and is Executive Chairman at TCF Financial Corp. Mr. Torgow is also Chairman for Yeshiva Bais Yehudah and Member of State Bar of Michigan and on the board of 6 other companies. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. of "We are getting our own building with our name on it in a really premier location.". 37 on The Jerusalem Post's Top 50 Most Influential Jews of 2022: Gary Torgow, chairman of the Mosaic United steering committee. Gary is a graduate of Yeshiva University and Wayne State University School of Law and is a member in good standing of the Michigan Bar Association. He serves as a trustee of the Community Foundation for Southeast Michigan, on the executive board of Business Leaders of Michigan, and as a member of the Beaumont Health Trustees. 2 transactions in Huntington Bancshares Inc (HBAN) over the past 5 years, including 2 buys and 0 sells. TCF Financial is a bank and financial services provider operating throughout the United States and Canada. Gary Torgow is the director of Odd Job Stores Inc. As part of the merger, he and Provost are to get about$5million each worth of stock as "golden parachute" compensation, which will vest at later dates when they leave the bank, according to corporate filings. Biography of Gary Torgow. Details can be seen in Gary Torgow's Latest Holdings Summary section. Gary Howard Torgow J.D. 1,800 shares on February 9, 2016, which DTE Energy Co (DTE) Gary Torgow: My maternal grandfather, Manuel Merzon, a"h, emigrated from Russia to the United States in 1918 as a sixteen-year-old orphan. Chemical Bank officials say the elder Torgow severed all personal and financial ties to the Sterling Group in 2009, when he and business partnerDavid Provost turned their focus to banking. Before joining Talmer, Mr. Torgow founded and chaired the Sterling Group, a Michigan-based real estate, development, and investment company. Gary Howard Torgow J.D. As part of that plan, the bankwould have purchasedthe property along Woodward Avenue for its future headquarters for $35 million from a GPC Adams-related entity that is also partly owned by the five Torgow children. There are 5 executives at TCF getting paid more, with Thomas Shafer having the highest compensation of $7,563,640. TCF Financial Corp (TCF) The most-recent trade in Huntington Bancshares Inc is the Please only use it for a guidance and Danny Tommo's actual income may vary a lot from the dollar amount shown above. He has also served on boards for the Jackson National Life Insurance Company of New York and the Community Foundation of Southeastern Michigan. During his time as chairman of the Detroit Economic Growth Corporation, he led the organization in achieving its goal of growing the citys economy. In a phoneinterview Wednesday, McQuade said the development/landlord arrangement involving Torgow's children is agood deal at a fair price for what will be a marquee building forthe bank,and shedoes not believethat it constitutes any self-dealing on the part of GaryTorgow. and I thought we would be foolish to reject this ideal propertyjust out of fear that there could be some inaccurate perception of improper self-dealing,"McQuade said. Investment, Insurance and Non-deposit Trust products are: NOT A DEPOSIT NOT FDIC INSURED NOT GUARANTEED BY THE BANK NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY MAY LOSE VALUE. He is the Chairman of the Board of Directors of Sterling Group, a real estate development and investment firm in Detroit. In summary, during the past 3 months, insiders sold 0 shares of Huntington Bancshares Inc (HBAN) in total and bought 20,000 shares, with a net In summary, during the past 3 months, insiders sold 0 shares of TCF Financial Corp (TCF) in total and bought 0 shares, with a net Gary is a member of the Executive Board of Business Leaders of Michigan and is a Trustee and Board member of the Community Foundation of Southeastern Michigan. Their work includes strengthening K-12 public education, afterschool learning opportunities, and college and career pathways. Chairman at TCF. Gary Torgow is a Detroit businessman active in business, civic, charitable and communal endeavors. Many people ask this question about the money Gary Torgow makes from Facebook. What Are the Main Steps You Must Take to Open Your Own Dental Surgery? Above is the net worth, insider trading, and ownership report for Gary Torgow. The company has recently acquired several landmark properties in southeast Michigan. The bank has a network of branches and ATMs across eight Midwestern states. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Jesse Jackson. The new building will cost $104 million. According to the SEC Form 4 filings, Gary Torgow has made a total of Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. purchase [15], He is the author of "Raising the Bar",[16] and "Holy Warrior",[17] and has given numerous talks[18] and lectures throughout the country.[19][20]. The property consistsof two parcels that currently contain a surface parking lot and a to-be-demolished office building. The five Torgow children are in their 20s and 30s andare Elie Torgow, Yoni Torgow, Rachel Torgow Krakauer, Moshe Torgow and Jacob Torgow. Other recent insider transactions involving DTE Energy Co (DTE) include He has served on the Detroit Crime Commission and the Levin Center of Wayne State Universitys Law School. Committees: Community Development Committee, Lending products are subject to credit application and approval. of 20,000 shares. Chemical Bank Chief Marketing OfficerTom Wennerberg referred the Free Press to Elie Torgowfor the identity of the New York group. . purchase As thedeal with the Torgowchildren moved forward, Gary Torgow was completely absent from any aspect of it, Shafer said. Its related entity owns the Grand Park Centre building and the Woodward Avenue property. SEVP of Significant Subsidiary Michael Scott Jones On February 6, 2015, the Company closed on their acquisition of First of Huron Corp. and its subsidiary bank, Signature Bank. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. Today he serves as the Chairman of Huntington National Bank. As the Exec. is the Exec. It plans to rename itself in 2020. sale purchase Gary Howard Torgow J.D. Chairman at TCF. His five children are currently building a new 20-story headquarters in downtown Detroit, charging top-of-market rents. Get notification with the latest net worth updates for free. He founded the Sterling Group, a real estate development and investment firm in Detroit. Gary Torgow is the CHAIRMAN of Talmer Bancorp Inc and owns about 748,690 shares of Talmer Bancorp Inc (TLMR) stock worth over $17 Million . a net However, these officials, including bank CEOShafer, claimed in interviews that they can't recall the group's name. Further, it provides treasury services comprising investment and borrowing portfolios, as well as manages capital, debt, and market risks; check cashing and remittance services; lines of credit, letters of credit, and capital market products; and credit and debit cards. owns 104,777 shares of Chemical Financial Corp (TCF) as of June 13, 2019, with a value of $4 Million and a weighting of 12.41%. , The Company also engages in mortgage banking activities and, as such, acquires, sells, and services one-to-four family residential mortgage loans and construction loans. During his career, Gary Torgow has served on many civic and business boards. Millions of dollars. He is also a sought-after speaker and community leader. During the past 18 months, 10,338 shares of DTE Energy Co (DTE) were sold and 0 shares were bought by its insiders, resulting in a net 86%. Please contact your Company Administrator to reset your password if you continue having problems logging in. Gary Torgow previously served as Chairman of Chemical Financial Corporation, before they acquired TCF Financial Corporation and adopted the name. Gary Torgow is a talented businessman, author, and community leader. TCF Financial Corporation operates as the financial holding company for TCF National Bank that provides various financial products and services in the United States and Canada. Under the bank's22-year triple net lease, it will pay office rents to GPC Adams starting at $35 per square footand rising 2% each year. "As Gary had nothing to do with (the) transaction he has nothing to say about it," Wennerberg said in an email. January 19, 2023 admin . Mr. We want you to have a great experience while you're here. Wanna follow Danny Tommo's net worth? It's actually a myth about how to make money on Facebook Gary Torgow is a Detroit businessman active in business, civic, charitable and communal endeavors. . He is a prolific songwriter who was even voted the greatest British songwriter of all time. Torgow believes that the partnership provides the companies with better investment opportunities in the community, more jobs, and a better customer experience. Mr. Torgow is Chairman of the Mosaic United Steering Committee, an Israeli Jewish Initiative for the benefit of the Diaspora Jewry. Torgowdid notreturn a message forthatinformation. That decision stemmed from its planto merge withMinnesota-based TCF Financial Corp., a deal that was announced in January and isexpected to close later this year. It is a community bank which offer a suite of commercial and retail banking, mortgage banking, wealth management and trust services to small and medium-sized businesses and individuals. When the merger with Talmer Bancorp was finalized, it was named TCF Bank. Gary Torgow wasn'tpresent during any board votes ormeetings that involved the GPC Adams deal,bank officials said. What Is the Average Cost of College Tuition? Chairman of TCF since . and It compete with commercial banks, credit unions, savings institutions, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market funds and other mutual funds, as well as super-regional, national and international financial institutions. acquisition It offers savings on cards and stationary, books, health and beauty aids, food, toys, hardware. Gary Torgow - Chairman - Huntington National Bank | LinkedIn View Gary Torgow's profile on LinkedIn, the world's largest professional community. He is also the chairman of the executive board of Detroit Economic Growth Corporation and the Board of Directors of Detroit Equity, Inc. Chairman of TCF, the total compensation of Mr D at TCF is $2,391,244. Gary Torgow has served as a volunteer on numerous civic and communal boards, including the Detroit Economic Growth Corporation and the Michigan Civil Rights Commission, both of which he served as Chairman.