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2011 News Releases

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12/01/11TCF Financial Corporation Completes Acquisition of Gateway One Lending & Finance, LLC
WAYZATA, Minn.--(BUSINESS WIRE)--Dec. 1, 2011-- TCF Financial Corporation (“TCF”) (NYSE: TCB) today announced that its wholly-owned subsidiary, TCF National Bank, has completed its previously announced acquisition of Gateway One Lending & Finance, LLC (“Gateway One”). With the completion of the transaction, Gateway One is now a wholly-owned subsidiary of TCF National Bank. Headquartered in Anaheim, California, Gateway One utilizes its mor... 
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10/20/11TCF Reports 66th Consecutive Quarter of Net Income - Earns $31.7 Million
THIRD QUARTER HIGHLIGHTS Diluted earnings per common share of 20 cents Net income of $31.7 million Net interest margin of 3.96 percent Average deposits increased $113.3 million from the second quarter of 2011 Non-performing assets declined $20.1 million from the second quarter of 2011 Announced quarterly cash dividend of 5 cents per common share, payable November 30, 2011 WAYZATA, Minn., Oct 20, ... 
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10/18/11TCF Financial Corporation Announces Executive Management Realignment and the Election of Craig Dahl and Tom Jasper to the Board of Directors
WAYZATA, Minn., Oct 18, 2011 (BUSINESS WIRE) -- The Board of Directors of TCF Financial Corporation ("TCF") (NYSE: TCB) today announced the election of Executive Vice Presidents Mr. Craig R. Dahl and Mr. Thomas F. Jasper to the Board of Directors, effective January 1, 2012. In addition, the Board announced a strategic realignment in managing its business consistent with the new marketplace realities that all banks are now facing. The major thrust of the realignment is to functionally structure t... 
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10/17/11TCF's Board of Directors Elects Former U.S. Congressman Jim Ramstad to Board Membership
WAYZATA, Minn., Oct 17, 2011 (BUSINESS WIRE) -- The Board of Directors of TCF Financial Corporation ("TCF") (NYSE: TCB) today announced the election of James M. Ramstad to the TCF Board of Directors. Mr. Ramstad served nine terms as Minnesota Congressman in the U.S. House of Representatives from 1991 to 2009, during which time he was a member of the House Ways and Means Committee, Health and Trade Subcommittees and Chairman of the IRS Oversight Committee. He is currently a Senior Policy Adviso... 
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10/17/11TCF Declares Quarterly Cash Dividend of 5 Cents Per Common Share
WAYZATA, Minn., Oct 17, 2011 (BUSINESS WIRE) --The Board of Directors of TCF Financial Corporation ("TCF") (NYSE:TCB) has declared a quarterly cash dividend of 5 cents per common share, payable November 30, 2011 to stockholders of record at the close of business on October 28, 2011. At September 30, 2011, there were 160 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB. TCF is a Wayzata, Minnesota-based natio... 
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10/13/11TCF Financial Corporation Announces Definitive Agreement to Acquire Gateway One Lending & Finance, LLC
WAYZATA, Minn., Oct 13, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE: TCB) today announced that its wholly-owned subsidiary, TCF National Bank, has signed a definitive agreement to acquire Gateway One Lending & Finance, LLC ("Gateway One"). Headquartered in Anaheim, California, Gateway One is a privately held lending company that utilizes its more than 3,100 active dealer relationships to originate loans to consumers in 30 states, pri... 
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10/04/11TCF to Host Teleconference to Discuss 2011 Third Quarter Earnings on October 20 at 10:00 a.m. CT
WAYZATA, Minn., Oct 04, 2011 (BUSINESS WIRE) -- TCF Financial Corporation ("TCF") (NYSE:TCB) is hosting a teleconference to discuss its 2011 third quarter financial results on Thursday, October 20, 2011 at 10:00 a.m. Central Time. TCF Chairman and Chief Executive Officer, William A. Cooper, is hosting the teleconference and will be joined by other TCF executives. If you would like to listen to TCF's live teleconference, please dial (877) 245-6230. To listen to the replay of TCF's teleconference,... 
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09/15/11TCF Inventory Finance Signs Agreement with BRP
SCHAUMBURG, Ill., Sep 15, 2011 (BUSINESS WIRE) --TCF Inventory Finance, Inc. ("TCFIF"), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation ("TCF") (NYSE: TCB), announced today an agreement with BRP to provide inventory financing to BRP's Ski-Doo(R), Sea-Doo(R) and Can-Am(R) dealers across the United States and Canada. In addition, TCFIF will be BRP's preferred provider of inventory financing for its dealers of Ev... 
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09/01/11TCF Inventory Finance Signs Exclusive Agreement with Alumacraft
SCHAUMBURG, Ill., Sep 01, 2011 (BUSINESS WIRE) --TCF Inventory Finance, Inc. ("TCFIF"), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation ("TCF") (NYSE: TCB), announced today an exclusive agreement with Alumacraft Boat Co. ("Alumacraft") to provide inventory financing to Alumacraft dealers across the United States and Canada. "We are impressed with the quality of Alumacraft's business and products and we are exc... 
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07/28/11TCF Financial Corporation Appoints William Henak as President of TCF Equipment Finance
WAYZATA, Minn., Jul 28, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE: TCB) announced today the appointment of William Henak as President and Chief Operating Officer of TCF Equipment Finance, Inc. ("TCFEF"), an indirect subsidiary of TCF. Mr. Henak will oversee all business functions at TCFEF and will continue to report to Craig Dahl, Executive Vice President, Wholesale Banking of TCF. Mr. Dahl will continue in his capacity as Chairman of ... 
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07/21/11TCF Reports 65th Consecutive Quarter of Net Income - Earns $29.8 Million
SECOND QUARTER HIGHLIGHTS Diluted earnings per common share of 19 cents Net income of $29.8 million Net interest margin of 4.02 percent Average deposits increased $227.7 million, or 1.9 percent, from the first quarter of 2011 Announced quarterly cash dividend of 5 cents per common share, payable August 31, 2011 WAYZATA, Minn., Jul 21, 2011 (BUSINESS WIRE) --TCF Financial Corporation (NYSE:TCB): Earni... 
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07/18/11TCF Declares Quarterly Cash Dividend of 5 Cents Per Common Share
WAYZATA, Minn., Jul 18, 2011 (BUSINESS WIRE) --The Board of Directors of TCF Financial Corporation ("TCF") (NYSE:TCB) has declared a quarterly cash dividend of 5 cents per common share, payable August 31, 2011 to stockholders of record at the close of business on July 29, 2011. At June 30, 2011, there were 159.6 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB. TCF is a Wayzata, Minnesota-based national bank... 
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07/05/11TCF Hosts Teleconference to Discuss 2011 Second Quarter Earnings on July 21 at 10:00 a.m. CT
WAYZATA, Minn., Jul 05, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) is hosting a teleconference to discuss its 2011 second quarter financial results on Thursday, July 21, 2011 at 10:00 a.m. Central Time. TCF Chairman and Chief Executive Officer, William A. Cooper, is hosting the teleconference and will be joined by other TCF executives. If you would like to listen to TCF's live teleconference, please dial (877) 245-6230. To listen t... 
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06/30/11TCF Requests Dismissal of Lawsuit Challenging Durbin Amendment
WAYZATA, Minn., Jun 30, 2011 (BUSINESS WIRE) --On June 29, 2011, the Eighth Circuit Court of Appeals affirmed a U.S. District Court ruling to deny TCF National Bank's ("TCF") motion for a preliminary injunction against the implementation of the Durbin Amendment. The decision was based largely on the grounds that at this stage of the litigation, it was not clear that the exemption for banks with total assets under $10 billion would be effective. In view of ... 
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05/24/11TCF Inventory Finance, Inc. Enters the Recreation Vehicle Industry Through A Preferred Financing Program With Jayco, Inc. Dealers
SCHAUMBURG, Ill., May 24, 2011 (BUSINESS WIRE) --TCF Inventory Finance, Inc. ("TCFIF"), a subsidiary of TCF National Bank, announced today an agreement with Jayco, Inc. ("Jayco") to become the preferred inventory finance source for Jayco's three recreation vehicles divisions (Jayco, Starcraft RV and Entegra Coach) which includes 352 dealers in the United States and Canada. "The launch of the Jayco floorplan finance program clearly supports TCFIF's ent... 
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05/16/11TCF Bank Announces the "$100 Free Cash" Campaign
New TCF customers will receive $100 for opening a checking account with qualifying transactions. WAYZATA, Minn., May 16, 2011 (BUSINESS WIRE) --Effective immediately, all new and eligible customers will receive $100 free cash for opening a checking account with qualifying transactions. TCF Bank is known for easy and convenient banking by having extended business hours, branches open 7 days a week including most holidays. "TCF is taking service one st... 
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04/27/11TCF Financial Corporation Announces Results of Annual Meeting
WAYZATA, Minn., Apr 27, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) announced today, following its annual meeting, that TCF stockholders elected fifteen directors, approved an increase in the number of authorized shares reserved for issuance under the TCF Employees Stock Purchase Plan - Supplemental Plan, approved revised and additional performance criteria under the TCF Performance-Based Compensation Policy, approved revised and ad... 
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04/21/11TCF Reports 64th Consecutive Quarter of Net Income - Earns $.20 Per Share
FIRST QUARTER HIGHLIGHTS Diluted earnings per common share of 20 cents Net income of $29.7 million Net interest margin of 4.06 percent Average deposits increased $257.3 million, or 2.2 percent, from the fourth quarter of 2010 Over 60-day delinquency rate decreased 10 bps from December 31, 2010 Total non-performing assets decreased $25.1 million, or 5.2 percent, from December 31, 2010 Completed a $230 milli... 
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04/18/11TCF Declares Quarterly Cash Dividend of 5 Cents Per Common Share
WAYZATA, Minn., Apr 18, 2011 (BUSINESS WIRE) --The Board of Directors of TCF Financial Corporation ("TCF") (NYSE:TCB) has declared a quarterly cash dividend of 5 cents per common share, payable May 31, 2011 to stockholders of record at the close of business on April 29, 2011. At March 31, 2011, there were 159 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB. TCF is a Wayzata, Minnesota-based national bank ho... 
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04/06/11TCF Financial Corporation to Webcast Its Annual Meeting of Stockholders
WAYZATA, Minn., Apr 06, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) will provide a webcast of its annual meeting of stockholders on Wednesday, April 27, 2011 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). This free webcast can be accessed through the Investor Relations section of TCF's website, ir.tcfbank.com. TCF is a Wayzata, Minnesota-based national bank holding company with $18.5 billion in total assets. The company has 442 ... 
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04/04/11Judge Makes Rulings in Debit Card Interchange Lawsuit
WAYZATA, Minn., Apr 04, 2011 (BUSINESS WIRE) --U.S. District Judge Lawrence Piersol today denied the government's motion to dismiss TCF National Bank's ("TCF") complaint and took the motion to dismiss the Office of the Comptroller of the Currency ("OCC") as a proper party defendant under advisement. The judge also denied TCF's motion for a preliminary injunction at this time. The court intends to hold a further hearing immediately following the Federal ... 
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04/04/11TCF Hosts Teleconference to Discuss 2011 First Quarter Earnings on April 21 at 10:00 a.m. CT
WAYZATA, Minn., Apr 04, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) is hosting a teleconference to discuss its 2011 first quarter financial results on Thursday, April 21, 2011 at 10:00 a.m. Central Time. TCF Chairman and Chief Executive Officer, William A. Cooper, is hosting the teleconference and will be joined by other TCF executives. If you would like to listen to TCF's live teleconference, please dial (877) 245-6230. To listen t... 
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03/28/11Tom Finnegan Joins TCF National Bank, Strengthening Its Commitment to Commercial Banking
WAYZATA, Minn., Mar 28, 2011 (BUSINESS WIRE) --TCF National Bank ("TCF"), a subsidiary of TCF Financial Corporation (NYSE: TCB), announced today that Tom Finnegan has joined TCF as an Executive Vice President and Director of Commercial Banking for Illinois. This key addition further strengthens TCF's commitment to commercial banking. Mr. Finnegan has over 23 years of experience in commercial banking, specializing in serving the needs of middle market ... 
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03/15/11TCF Closes $230 Million Common Stock Offering
WAYZATA, Minn., Mar 15, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) today announced that the company raised gross proceeds of $230 million through its previously announced public common stock offering. In connection with the offering, TCF issued 15,081,968 shares of common stock, including 1,967,213 shares issued pursuant to the full exercise of the underwriters' over-allotment option, at a public offering price of $15.25 per share.... 
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03/14/11Amicus Briefs Filed in Support of TCF's Lawsuit Challenging Durbin Amendment
WAYZATA, Minn., Mar 14, 2011 (BUSINESS WIRE) --Several groups and organizations filed amicus briefs last week in support of the lawsuit filed by TCF National Bank ("TCF"), a subsidiary of TCF Financial Corporation (NYSE: TCB), challenging the constitutionality of the Durbin Amendment of the Dodd-Frank Act. A total of four amicus briefs supporting TCF were filed by the following groups and organizations: 1) a group consisting of the American Bankers ... 
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03/09/11TCF Announces Pricing of Common Stock Offering
WAYZATA, Minn., Mar 09, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) today announced that its public offering of 13,114,755 shares of its common stock has priced at $15.25 per share for gross proceeds of $200 million. TCF's common stock price closed today at $15.58. TCF has also granted the underwriters a 30-day option to purchase up to an additional 1,967,213 shares of common stock to cover over-allotments, if any, at the same price... 
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03/09/11TCF Announces Common Stock Offering
WAYZATA, Minn., Mar 09, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) today announced it has commenced an underwritten registered public offering of $200 million of its common stock. TCF intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the amount sold to cover over-allotments, if any. J.P. Morgan Securities LLC and Morgan Stanley are acting as joint book-running managers. RBC Capital Mark... 
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03/04/11TCF Opposes Motion by Department of Justice to Dismiss Durbin Amendment Lawsuit
WAYZATA, Minn., Mar 04, 2011 (BUSINESS WIRE) --TCF National Bank ("TCF"), a subsidiary of TCF Financial Corporation (NYSE: TCB), today filed legal briefs in South Dakota Federal court in connection with its lawsuit challenging the constitutionality of the Durbin Amendment of the Dodd-Frank Act. TCF countered the Department of Justice's motion to dismiss with additional documentation and support for TCF's motion for a preliminary injunction that will be hea... 
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03/04/11Kyle Larsen Joins TCF Inventory Finance, Strengthening its Commitment to the Lawn and Garden Industry
HOFFMAN ESTATES, Ill., Mar 04, 2011 (BUSINESS WIRE) --TCF Inventory Finance, Inc. ("TCFIF"), a subsidiary of TCF National Bank, announced today that Kyle Larsen has joined TCFIF as a Vice President, National Relationship Manager for its lawn and garden industry business. This key addition further indicates and strengthens TCFIF's commitment to the lawn and garden industry. Kyle Larsen has over 33 years of inventory finance experience with an emphasis ... 
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02/15/11TCF to Hold Its Annual Meeting on April 27, 2011
WAYZATA, Minn., Feb 15, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) today announced its annual meeting of stockholders will be held on Wednesday, April 27, 2011 at 10:00 a.m. CT at the Marriott Minneapolis West, 9960 Wayzata Boulevard, St. Louis Park, Minnesota. Proposals for action by stockholders include the election of fifteen Directors, approval of an increase in the number of authorized shares reserved for issuance under the TC... 
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01/20/11TCF Reports 2010 Earnings Increase of 68.3% - Earns $146.6 Million, $1.05 Per Share
2010 HIGHLIGHTS Diluted earnings per common share of $1.05, up 94.4 percent Net income of $146.6 million, up 68.3 percent Net interest margin of 4.14 percent Increased total equity by $300.4 million, Tier 1 common capital increased 27 percent to 9.71 percent Specialty Finance loans and leases up $406.6 million, or 11.5 percent Total revenues of $1.2 billion, up 6.8 percent FOURTH QUARTER HIGHLI... 
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01/19/11TCF's Board of Directors Elects Raymond Barton and Richard Zona to Board Membership
WAYZATA, Minn., Jan 19, 2011 (BUSINESS WIRE) --The Board of Directors of TCF Financial Corporation ("TCF") (NYSE: TCB) today announced the election of Raymond L. Barton and Richard A. Zona to the TCF Board of Directors, effective January 18, 2011. Mr. Barton is the Chief Executive Officer and Chairman of the Board at Great Clips, Inc. He joined Great Clips as President in 1983. Previously, Mr. Barton served as Vice President at Questex Energy, Treasur... 
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01/18/11TCF Declares Quarterly Cash Dividend of 5 Cents Per Common Share
WAYZATA, Minn., Jan 18, 2011 (BUSINESS WIRE) --The Board of Directors of TCF Financial Corporation ("TCF") (NYSE:TCB) has declared a quarterly cash dividend of 5 cents per common share, payable February 28, 2011 to stockholders of record at the close of business on January 28, 2011. At December 31, 2010, there were 142.9 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB. TCF is a Wayzata, Minnesota-based nati... 
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01/05/11TCF Bank Announces Checking Product Enhancements and Introduces Mobile Banking
WAYZATA, Minn., Jan 05, 2011 (BUSINESS WIRE) --TCF Bank, Your Convenience Bank, announced important enhancements to several checking products and the introduction of TCF Mobile Banking. "TCF Bank has been working diligently to simplify our product line-up and to make our accounts easy and accessible to all of our customers," says Mark Jeter, Managing Director of Branch Banking. "TCF will eliminate the minimum balance requirements and offer even more ways to ... 
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01/03/11TCF Hosts Teleconference to Discuss 2010 Year-End and Fourth Quarter Earnings on January 20 at 10:00 a.m. CT
WAYZATA, Minn., Jan 03, 2011 (BUSINESS WIRE) --TCF Financial Corporation ("TCF") (NYSE:TCB) is hosting a teleconference to discuss its 2010 year-end and fourth quarter financial results on Thursday, January 20, 2011 at 10:00 a.m. Central Time. TCF Chairman and Chief Executive Officer, William A. Cooper, is hosting the teleconference and will be joined by other TCF executives. If you would like to listen to TCF's live teleconference, please dial (877) 245-6... 
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