TCF Financial Corporation has named James Costa as Chief Risk Officer, effective August 1, 2013. Costa succeeds David M. Stautz who has served on an interim basis since November 2012.

Costa brings with him over 20 years of financial services experience, with 13 years in risk management. He most recently served as executive vice president of risk and head of Enterprise Portfolio Management at PNC Financial Services Group. Prior to PNC, Costa led enterprise credit strategy for Wachovia Corporation.

As chief risk officer, Costa will work closely with TCF’s Board of Directors, executive management team and business line leaders to provide effective oversight of TCF’s enterprise risk management function.

“We are very excited about the impact that Jim will have on the TCF organization as Chief Risk Officer,” said William A. Cooper, chairman and chief executive officer. “His wealth of risk management and leadership experience within the banking industry will be both a great addition to the organization and of great value to our Board of Directors. Adding Jim allows us to further enhance our enterprise risk management practices as we take TCF forward to serve our shareholders.”

TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company with $18.5 billion in total assets at March 31, 2013. The company has nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in over 40 states.