PENDING ACQUISITION OF TCF FINANCIAL CORPORATION - Narrative (Details) $ in Millions |
3 Months Ended | ||
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Sep. 30, 2021
USD ($)
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Mar. 31, 2021
USD ($)
Rate
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Dec. 31, 2020
USD ($)
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Business Acquisition [Line Items] | |||
Total Assets | $ 125,768 | $ 123,038 | |
Series C Non-Cumulative Perpetual Preferred Stock | |||
Business Acquisition [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | Rate | 5.875% | ||
TCF Financial Corporation | |||
Business Acquisition [Line Items] | |||
Total Assets | $ 47,800 | ||
Forecast | TCF Financial Corporation | Series C Non-Cumulative Perpetual Preferred Stock | |||
Business Acquisition [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 5.70% | ||
TCF Financial Corporation | Forecast | |||
Business Acquisition [Line Items] | |||
Value of transaction | $ 6,000 | ||
TCF Financial Corporation | Forecast | Common Stock | |||
Business Acquisition [Line Items] | |||
Share issuance ratio | 3.0028 | ||
TCF Financial Corporation | Forecast | Newly created series of preferred stock | |||
Business Acquisition [Line Items] | |||
Share issuance ratio | 1 |
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- Definition Business Combination, Consideration Transferred, Equity Interests Issued and Issuable, Ratio No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage rate used to calculate dividend payments on preferred stock. No definition available.
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