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Corporate & Financial

  • 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...
  • 10/18/17
    WAYZATA, Minn.--(BUSINESS WIRE)--The Board of Directors of TCF Financial Corporation (TCF) (NYSE: TCF) today declared quarterly cash dividends on TCF’s common shares, 6.45% Series B Non-Cumulative Perpetual Preferred Stock and 5.70% Series C Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $0.075 per common share is payable on December 1, 2017 to stockholders of record at the close of business on November 15, 2017. At September 30, 2017, theremore...
  • 10/17/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NYSE: TCF) today announced it will release its third quarter 2017 earnings results before the market opens on Friday, October 27, 2017. Craig R. Dahl, chairman and chief executive officer, will host a conference call to discuss the results at 9:00 a.m. Central Daylight 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...
  • 9/15/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (“TCF” or the “Company”) (NYSE:TCF) today announced that it has submitted a redemption notice to Computershare Inc. and Computershare Trust Company, N.A. (together, the “Redemption Agent”) for the full redemption of all 6,900 issued and outstanding shares of Series A Non-Cumulative Perpetual Preferred Stock (the “Preferred Stock”) and all 6,900,000 issued and outstanding shares of the related depositary shares, eachmore...
  • 9/07/17
    WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (“TCF”) (NYSE:TCF) today announced the pricing of its public offering of 7,000,000 depositary shares, each representing a 1/1,000th interest in a share of its Series C Non-Cumulative Perpetual Preferred Stock, par value $0.01 per share (the “Series C Preferred Stock”), at a public offering price of $25.00 per depositary share for gross proceeds of $175.0 million. Morgan Stanley & Co. LLC and UBS Securities LLC actedmore...
  • 9/07/17

    Pending amendment includes new branding, more than $26 million in revenue through 2031 (including immediate $8 million contribution to Athletes Village) and optional 10-year extension

    WAYZATA, Minn. & MINNEAPOLIS--(BUSINESS WIRE)--TCF Financial Corporation (NYSE:TCF) (“TCF”) and the University of Minnesota announced an amended sponsorship agreement for TCF Bank Stadium that immediately invests $8 million in the University’s Athletes Village, a transformative project to modernize athletics facilities and deliver a first-class collegiate experience for all current and former Gopher student-athletes. The amendment also provides the University with $541,000 in additionalmore...