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TCF Inventory Finance Marks 10 Years in Business

Company thanks its more than 200 team members and nearly 11,000 customers for a decade of business growth, reaching $7.4 billion in originations last year

Tuesday, April 3, 2018 2:01 pm CDT

Dateline:

WAYZATA, Minn.

Public Company Information:

NYSE:
TCF
"We have reached this milestone by working together as a collaborative, customer-centered team and by using innovative data-driven tools, like our Inventory Engine, to meet and exceed the needs of our manufacturer, distributor and dealer customers."

WAYZATA, Minn.--(BUSINESS WIRE)--TCF Inventory Finance, Inc. (TCFIF), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today marks its 10th year in business. TCFIF was founded April 3, 2008 and has grown from a startup with 10 team members to a mature lending business with more than 200 team members providing inventory finance solutions to manufacturers, distributors and dealers in all 50 states and Canada.

“During the past 10 years, we’ve differentiated ourselves by putting our customers first and by providing best-in-class inventory financing solutions that grow our customers’ businesses,” said Ross Perrelli, president and chief executive officer at TCF Inventory Finance. “We have reached this milestone by working together as a collaborative, customer-centered team and by using innovative data-driven tools, like our Inventory Engine, to meet and exceed the needs of our manufacturer, distributor and dealer customers.”

About TCF
TCF is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2017, TCF had $23 billion in total assets and 320 branches in Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and Wisconsin, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit tcfbank.com.

About TCF Inventory Finance
TCFIF is a Schaumburg, Illinois-based commercial inventory finance company offering inventory financing solutions to manufacturers, distributors and dealers in all 50 states and Canada. Specializing in powersports, lawn and garden, recreational and specialty vehicles, marine products, construction, agriculture and consumer electronics and appliances, TCFIF originated $7.4 billion in inventory financing to nearly 11,000 customers in 2017. For more information about TCFIF, please visit tcfif.com.

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Contact:

TCF Financial Corporation
Media
Mark Goldman, 952-475-7050
news@tcfbank.com
or
Investors
Jason Korstange, 952-745-2755
investor@tcfbank.com