Menu
Email page PDF view Print view Email Alert Social Media Sharing

Press Release

TCF Declares Two-for-One Stock Split

Company Release - 8/3/2004 8:31 AM ET

WAYZATA, Minn., Aug. 3 /PRNewswire-FirstCall/ -- The Board of Directors of TCF Financial Corporation (TCF) (NYSE: TCB) has declared a two-for-one stock split in the form of a 100 percent stock dividend payable September 3, 2004 to shareholders of record as of August 13, 2004. The stock split will increase TCF's common shares issued and outstanding from approximately 70 million shares to approximately 140 million shares.

"TCF announced record second quarter earnings and the Board's decision to split the shares is another demonstration of our optimistic outlook for TCF," said William A. Cooper, Chairman and CEO. "We believe that moving the shares into a trading range that is more accessible to a wider range of investors will increase the stock's liquidity and marketability."

TCF is a Wayzata, Minnesota-based national financial holding company with $11.9 billion in assets. TCF has 411 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.

SOURCE  TCF Financial Corporation

    -0-                             08/03/2004
    /CONTACT:  Jason Korstange of TCF Financial Corporation
, +1-952-745-2755/
    /Company News On-Call:  http://www.prnewswire.com/comp/840750.html /
    /Web site:  http://www.TCFExpress.com /
    (TCB)

CO:  TCF Financial Corporation

ST:  Minnesota
IN:  FIN
SU:  STS DIV

AM-JK 
-- CGTU008 --
1704 08/03/2004 08:31 EDT http://www.prnewswire.com

The information that is on or available through this site speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. TCF Financial Corporation does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.