|TCF FINANCIAL CORP filed this Form 8-K on 12/02/2013|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 26, 2013
TCF FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
200 Lake Street East, Mail Code EX0-03-A, Wayzata, Minnesota 55391-1693
(Address of principal executive offices, including Zip Code)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On December 2, 2013, TCF National Bank (the Bank), the wholly-owned subsidiary of TCF Financial Corporation (the Company), announced that the Office of the Comptroller of the Currency terminated the Consent Order that it had issued on July 20, 2010 relating to the Banks Bank Secrecy Act compliance program.
A copy of the press release issued by the Company is included as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 2, 2013
FOR IMMEDIATE RELEASE
200 Lake Street East, Wayzata, MN 55391-1693
TCF National Bank Announces Resolution of Regulatory Order
WAYZATA, Minn. Dec. 2, 2013 TCF National Bank (TCF Bank), the principal subsidiary of TCF Financial Corporation (TCF) (NYSE: TCB), today announced that the Office of the Comptroller of the Currency (OCC) has lifted the regulatory order related to previously disclosed deficiencies in its Bank Secrecy Act (BSA) compliance program. TCF Bank has made comprehensive changes to its BSA compliance program and has satisfied the legal and regulatory requirements of the order. TCF Bank is committed to continuously reviewing its BSA compliance processes and working with the OCC to ensure a safe banking environment for our customers.
We are pleased to resolve the OCCs concerns and appreciate their guidance in strengthening our BSA compliance program, said William A. Cooper, TCF Chairman and Chief Executive Officer. TCF has made significant investments to create a best-in-class BSA program and we now have improved systems, training and processes to detect and report potential financial crimes. We will continue to work with law enforcement to protect the public interest and partner with the OCC to enhance the safety and security of the banking system.
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About TCF Financial Corporation
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