Newsroom

Corporate & Financial

  • 2/13/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced its annual meeting of stockholders will be held on Wednesday, April 25, 2018 at 4:00 p.m. CDT at the Marriott Minneapolis West, 9960 Wayzata Boulevard, St. Louis Park, Minnesota. Holders of record of TCF common stock at the close of business on February 26, 2018 will be eligible to vote at the annual meeting. TCF’s annual meeting of stockholders will also be available via amore...
  • 1/30/18

    TCF Utilizes Tax Benefits to Give Back to Its Team Members and Communities, Invest in Its Business and Drive Shareholder Value

    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE: TCF): 2018 ANNOUNCEMENTS Announced a 100 percent increase to the quarterly common stock dividend Announced the redemption of the Series B non-cumulative perpetual preferred stock on March 1, 2018 2017 OBSERVATIONS Revenue of $1.4 billion, up 4.5 percent from 2016 Net interest margin of 4.54 percent, up 20 basismore...
  • 1/30/18

    TCF declares quarterly common and preferred stock dividends, including a common stock dividend increase of 100 percent

    TCF to redeem Series B Non-Cumulative Perpetual Preferred Stock

    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (“TCF” or the “Company”) (NYSE: TCF) today announced significant capital actions including the declaration of quarterly cash dividends for TCF’s common and preferred stock and the redemption of TCF’s 6.45% Series B Non-Cumulative Perpetual Preferred Stock (“Series B Preferred Stock”). The Board of Directors today declared a quarterly cash dividend on TCF’s common stock in the amount ofmore...
  • 1/11/18
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its fourth quarter 2017 earnings results before the market opens on Tuesday, January 30, 2018. Craig R. Dahl, chairman and chief executive officer, will host a conference call to discuss the results at 9:00 a.m. Central Standard Time and will be joined by other TCF executives. If you would like to listen to TCF’s live conference call, please dial (844) 580-8285. A slidemore...
  • 12/29/17
    • TCF to record a one-time, estimated net tax benefit between $120 million and $140 million
    • TCF gives back $5 million in bonuses to team members and $5 million to nonprofit organizations in the communities it serves
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) announced today that as a result of the tax reform legislation enacted December 22, 2017, it will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax rates on these deferred amounts. Based on preliminary analysis, TCF expects to record a one-time net tax benefit in an estimated amount of between $120 million and $more...
  • 12/15/17
    • TCF Bank to go to market as TCF Home Loans for its residential first mortgage program
    • Veteran mortgage industry leader Brian Call named managing director of newly formed TCF Home Loans business
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it has completed its previously announced transaction to acquire Rubicon Mortgage Advisors, LLC (Rubicon), a residential mortgage lender with offices in Minnesota and North Dakota. Financial terms of the agreement were not disclosed. In conjunction with the closing, TCF Bank will begin marketing its residential first mortgage programmore...
  • 12/13/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are increasing their prime rate to 4.50 percent from 4.25 percent, effective tomorrow, December 14, 2017. About TCF TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2017, TCF had $23.0 billion in total assets and 321 bank branches in Illinois, Minnesota, Michigan, Colorado,more...
  • 11/27/17
    • Actions expected to improve return on capital and earnings per share in 2018
    • TCF to continue servicing existing auto portfolio (owned and serviced for others)
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced that it will discontinue all indirect auto loan originations, effective December 1, 2017. TCF will continue to service existing auto loans on its balance sheet and auto loans serviced for others. Concurrent with the discontinuation of indirect auto originations, TCF’s board of directors has approved the replacement of its previous share repurchase program with a new authorization tomore...
  • 10/30/17
    • Acquisition of Rubicon Mortgage Advisors strengthens TCF’s experienced mortgage lending team and creates additional opportunities to serve customers
    • TCF Bank gains scale and geographic reach in its residential first mortgage program
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), today announced that it has signed a definitive agreement to acquire Rubicon Mortgage Advisors, LLC (Rubicon), a residential mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado and California. Financial terms of the agreement were not disclosed and the transaction is expected to closemore...
  • 10/27/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (NYSE:TCF): THIRD QUARTER OBSERVATIONS Revenue of $343.3 million, up 3.5 percent from the third quarter of 2016 Net interest income of $234.1 million, up 10.4 percent from the third quarter of 2016 Net interest margin of 4.61 percent, up 27 basis points from the third quarter of 2016 Period-end loans and leases of $19.0 billion,more...