MINNEAPOLIS, Nov. 16 /PRNewswire/ -- TCF National Bank Minnesota, a
subsidiary of TCF Financial Corporation (NYSE: TCB) raised its commercial
base rate (sometimes referred to as prime rate) from 8.25 percent to
8.50 percent, effective November 17.
...
PITTSBURGH, Nov. 12 /PRNewswire/ -- General American Corp. (GAC) one of
the nation's largest managed-service firms providing real-estate settlement
services to the mortgage-banking industry, announced it has reached a
definitive agreement to purchase North Star Title, Inc. and North Star Real
Estate Services, Inc., both wholly owned subsidiaries of Minneapolis-based TCF
Financial Corp. (TCF) (NYSE: TCB). In addition, GAC and TCF announced a strategic alliance in which GAC will
provide v...
MINNEAPOLIS, Nov. 8 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) today announced it has reached a definitive agreement to sell
North Star Title, Inc. and North Star Real Estate Services, Inc., wholly-owned
subsidiaries of TCF, to General American Corporation (GAC). TCF and GAC are
also announcing a strategic alliance in which GAC will provide various title
and real estate settlement services to TCF.
"I look forward to developing a strategic alliance with GAC," said TCF...
MINNEAPOLIS, Nov. 1 /PRNewswire/ -- TCF Financial Corporation (NYSE: TCB)
(TCF) today announced the filing of a request with the Office of the
Comptroller of the Currency to merge four of its existing bank charters into
one national bank charter based in Minnesota. "The consolidation of our bank
charters located in Minnesota, Illinois, Wisconsin and Michigan will not
change our traditional community banking focus as TCF remains committed to its
banking regions and we will continue to rely...
MINNEAPOLIS, Oct. 25 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) has declared its regular quarterly cash dividend of 18.75 cents
per common share, payable Nov. 30 to shareholders of record at the close of
business on Nov. 5. At September 30, 1999, there were 82.8 million TCF common
shares outstanding, listed on the New York Stock Exchange under the symbol
TCB.
TCF is a $10.3 billion national bank holding company based in Minneapolis.
TCF's banks are based in Minnesot...
QUARTERLY HIGHLIGHTS
-- Record net income and diluted earnings per common share
-- Increased Power Assets(R) by $230 million
-- Opened one millionth retail checking account
-- Opened fifteen branches
-- Liquidated substantially all of remaining consumer finance automobile
portfolio
EARNINGS SUMMARY Three Months Nine Months
($ in thousands,
except per-share data) Ended Sept. 30, Ended Sept. 3...
MINNEAPOLIS, Sept. 9 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) announced today that it has agreed to sell substantially all of
its remaining sub-prime indirect automobile loan portfolio and the related
closing of its Florida collection center.
"Net charge-offs in TCF's sub-prime automobile loan portfolio represented
almost 90 percent of TCF's net charge-offs in the first half of 1999," said
TCF Chairman and Chief Executive Officer William A. Cooper. "I am pleased
w...
MINNEAPOLIS, Sept. 7 /PRNewswire/ -- As part of a concentrated effort to
expand its convenience and accessibility in the Twin Cities metropolitan area,
TCF National Bank Minnesota officials announced the opening of its newest Cub
Foods branch, the fourth such branch to open since July 1.
The latest branch, located on Rockford Road in Plymouth, is part of a
systematic effort by TCF to increase its convenience-oriented distribution
system in suburban communities where Cub Foods is locat...
MINNEAPOLIS, Aug. 25 /PRNewswire/ -- TCF National Bank Minnesota, a
subsidiary of TCF Financial Corporation (NYSE: TCB), raised its commercial
base rate (sometimes referred to as prime rate) from 8.00 percent to 8.25
percent, effective August 25.
...
MINNEAPOLIS, Aug. 16 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) is celebrating the opening of its one millionth retail checking
account. "This is a very significant accomplishment for a $10.3 billion
bank," said TCF Chairman and Chief Executive Officer William A. Cooper. "When
we compare this milestone to our industry peers we clearly are way ahead of
the pack. Over the last two and a half years, we have increased the number of
checking accounts by 50 percent."
TCF...
MINNEAPOLIS, July 26 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) announced today it has completed its Y2K renovation and testing of
its primary customer service computer systems. Included are: delivery
systems for operating branches, the processing of all customer transactions
including direct deposits of social security checks, ATM withdrawals and
deposits, debit card activity, voice response systems and all teller
transactions. TCF also reviewed all of its mortgage, co...
MINNEAPOLIS, July 19 /PRNewswire/ --
EARNINGS SUMMARY
($ in thousands, Three Months Six Months
except per-share data) Ended June 30, Ended June 30,
1999 1998 1999 1998
Net income $40,989 $40,200 $78,329 $80,094
Diluted earnings per
common share .49 .45 .94 .88
Basic earnings per common...
MINNEAPOLIS, July 19 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) has declared its regular quarterly cash dividend of 18.75 cents
per common share, payable Aug. 31 to shareholders of record at the close of
business on Aug. 6. At June 30, 1999, there were 83.4 million TCF common
shares outstanding, listed on the New York Stock Exchange under the symbol
TCB.
TCF is a $10.3 billion national bank holding company based in Minneapolis.
TCF's banks are based in Minnesota, Il...
MINNEAPOLIS, June 30 /PRNewswire/ -- TCF National Bank Minnesota, a
subsidiary of TCF Financial Corporation (NYSE: TCB), raised its commercial
base rate (sometimes referred to as prime rate) from 7.75 percent to 8.00
percent, effective July 1....
MINNEAPOLIS, May 12 /PRNewswire/ -- TCF Financial Corporation (NYSE: TCB)
(TCF) today announced the election of Craig Dahl as Executive Vice President
for TCF Financial Corporation. Mr. Dahl will assume primary responsibility
for TCF's leasing and equipment financing operations. Dahl will report to
Lynn A. Nagorske, TCF Financial Corporation's President.
Dahl joins TCF after a twenty-two year career with Norwest. Dahl held
several senior management positions at Norwest Equipment Fi...
MINNEAPOLIS, May 11 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) announced today that TCF common stockholders at the annual meeting
elected four directors, approved an amendment to the TCF performance-based
compensation policy for covered executive officers and re-approved the policy,
and its board of directors adopted a shareholder rights plan that will replace
an existing plan when it expires on June 9, 1999. The new plan is similar to
the expiring plan.
TCF is a $...
MINNEAPOLIS, April 27 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) announced today that it has increased the regular quarterly cash
dividend on TCF common stock 15 percent to 18.75 cents per share from 16.25
cents per share. The dividend is payable May 28 to shareholders of record at
the close of business on May 7.
"Our board of directors considered this dividend increase in line with
TCF's continued core earnings growth and strong capital position," said
William A. C...
MINNEAPOLIS, April 27 /PRNewswire/ -- TCF National Bank Minnesota (TCF
Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCB) has opened
its 33rd Cub Foods' branch, inside the new Knollwood Cub store. The new branch
is located at 3620 Texas Avenue South, at the east end of the Knollwood Mall.
"We're pleased to be in our 33rd Minnesota venture with Cub Foods," noted
TCF Bank Director of In-Store Banking Erin Raden. "Our customers enjoy the
flexibility of being able to bank ...
MINNEAPOLIS, April 19 /PRNewswire/ --
EARNINGS SUMMARY Three Months
($ in thousands, except per-share data) Ended March 31,
1999 1998
Net income $37,340 $39,894
Diluted earnings per common share .44 .43
Basic earnings per common share .45 .44
...
MINNEAPOLIS, April 14 /PRNewswire/ -- TCF National Bank Minnesota has
recently established a Business Banking unit which will significantly increase
its ability to serve the small to mid-sized business customer. Larry Kraning,
Vice President, will manage the unit and will be joined by two lending
professionals, Kathleen O'Brien, Vice President, and Judith Weeks, Vice
President.
Kraning joins TCF from Firstar Bank where he served for 6 years, most
recently as Vice President, Business...
MINNEAPOLIS, March 2 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB), a $10.2 billion national bank holding company based in
Minneapolis, today announced that its annual meeting of shareholders will be
held on Tuesday, May 11, at 10:30 a.m., CDT, at the Minneapolis Marriott City
Center Hotel, 30 South Seventh Street, Minneapolis. Proposals for
shareholders include election of four directors and approval of an amendment
to the TCF performance-based compensation policy for cover...
MINNEAPOLIS, Jan. 25 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE: TCB) has declared its regular quarterly cash dividend of 16.25 cents
per common share, payable Feb. 26 to shareholders of record at the close of
business on Feb. 5. At Dec. 31, 1998, there were 85.6 million TCF common
shares outstanding, listed on the New York Stock Exchange under the symbol
TCB.
TCF is a $10.2 billion national bank holding company based in Minneapolis.
TCF's banks are based in Minnesota, Il...
EARNINGS SUMMARY Three Months Year
($ in thousands, Ended Dec. 31, Ended Dec. 31,
except per-share data) 1998 1997 1998 1997
Net income $39,504 $39,889 $156,179 $145,061
Diluted earnings per common share .46 .43 1.76 1.69
Basic earnings per common share .47 .44 1.77 1.72
Dividends declared per co...
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