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TCF Declares Regular Quarterly Cash Dividend of 32.5 Cents Per Common Share

Company Release - 10/20/2003 5:17 PM ET

WAYZATA, Minn.--(BUSINESS WIRE)--Oct. 20, 2003--The Board of Directors of TCF Financial Corporation (TCF) (NYSE:TCB) has declared its regular quarterly cash dividend of 32.5 cents per common share, payable November 28th to shareholders of record at the close of business on November 7th. At September 30, 2003, there were 71.3 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB.

TCF is a Wayzata, Minnesota-based national financial holding company with $11.3 billion in assets. TCF has more than 395 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, mortgage banking, brokerage, and investments and insurance sales.

    CONTACT: TCF Financial Corporation, Wayzata
             Jason Korstange, 952-745-2755
             Patricia L. Quaal, 952-745-2758

    SOURCE: TCF Financial Corporation

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