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TCF Inventory Finance Signs Exclusive Agreement with Alumacraft

Company Release - 9/1/2011 12:43 PM ET

SCHAUMBURG, Ill.--(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 excited to have the opportunity to support Alumacraft and its dealers,” said Ross Perrelli, President and Chief Executive Officer of TCFIF. “We believe the team at Alumacraft recognized our ability to execute quickly and deliver exceptional customer service to them and their dealers.”

About TCF Inventory Finance, Inc.
TCFIF is a premier inventory finance company offering a full range of inventory financing solutions to manufacturers, distributors and their dealers throughout the United States and Canada in the powersports industry, the lawn and garden industry, the recreational vehicle industry, the marine products industry and the consumer electronics and appliances industry. TCFIF originated approximately $2.5 billion in loans to nearly 9,000 customers in 2010. For more information about TCFIF, please visit www.tcfif.com.

About TCF Financial Corporation
TCFIF is an indirect subsidiary of TCF Financial Corporation, a Wayzata, Minnesota-based national bank holding company with $18.8 billion in total assets. TCF has 439 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing and equipment finance business in all 50 states. For more information about TCF, please visit www.tcfbank.com

About Alumacraft Boat Co.
Alumacraft, a privately held company headquartered in St. Peter, Minnesota, is a leading manufacturer of aluminum watercraft. Alumacraft sells its products through its network of United States and Canadian dealers. For more information about Alumacraft, please visit www.alumacraft.com.

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Source: TCF Financial Corporation

Contact:

TCF Financial Corporation, Wayzata

Jason Korstange, 952-745-2755

www.tcfbank.com

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