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TCF Leasing, Inc. Changes Its Name to TCF Equipment Finance, Inc.

Company Release - 4/1/2005 9:00 AM ET

MINNETONKA, Minn.--(BUSINESS WIRE)--April 1, 2005--TCF Leasing, Inc. today announced that it has changed its name to TCF Equipment Finance, Inc. ("TCF Equipment Finance"). TCF Express Leasing, a trade name for TCF Leasing, will also begin operating as TCF Equipment Finance.

TCF Equipment Finance provides a variety of equipment finance solutions for a wide range of targeted industries and vendor programs nationwide. Today those industry segments served include: Construction, Manufacturing, Printing, Packaging, Woodworking, Restaurant and Hospitality, Franchise Finance, Vocational and Specialty Vehicles such as Tow Trucks, Tire Service Trucks, Motorcoaches, and Shuttle Buses along with various other industry specific niches. VGM Financial Services, a division of TCF Equipment Finance acquired in 2004, also provides equipment financing to the Home Healthcare, Hospital, Medical Professionals, Golf and Club industries. The VGM Financial Services trade name will not be impacted by this name change. Winthrop Resources Corporation, TCF's Technology Leasing group, will also not be impacted by this name change.

The TCF family of equipment finance companies has experienced a 245% increase in total portfolio size since 1998. During 2004, the total portfolio increased $215 million or 18.5% to $1.4 billion.

"Our new name more clearly reflects the broad range of equipment finance products offered to our customers in the various markets we serve," said Bill Henak, Chief Operating Officer of TCF Equipment Finance. "The name, TCF Equipment Finance, reflects and supports our company value proposition which states that 'We are experts at delivering equipment finance solutions that meet the needs of our vendors, sources and customers in select markets, through our unique combination of industry knowledge, tailored products and services, and financial strength.'"

TCF Equipment Finance, Inc. is a wholly owned finance subsidiary of TCF National Bank (TCF). TCF is a subsidiary of TCF Financial Corporation (NYSE:TCB). TCF Financial Corporation is a Wayzata, Minnesota-based national financial holding company with $12.3 billion in assets. TCF has 430 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide mortgage banking, securities brokerage, and investments and insurance sales.

    CONTACT: TCF Financial Corporation

             Jason Korstange, 952-745-2755
             www.TCFExpress.com

    SOURCE: TCF Financial Corporation

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