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TCF Bank Announces Significant Expansion of ATM Service in Chicago

Company Release - 10/1/2015 4:15 PM ET

New Surcharge-Free and Drive-Up ATMs Increase Total ATM coverage by more than 30% in Chicago

WAYZATA, Minn.--(BUSINESS WIRE)-- TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCB), today announced an expansion of its automatic teller machine (ATM) fleet by more than 30 percent in the Chicagoland area. This expanded surcharge-free ATM access for TCF Bank cardholders includes 71 new TCF Bank-branded cash-only ATMs in select Target stores located throughout the Chicagoland area as well as 10 additional drive-up ATMs located in the parking lots of selected Jewel-Osco grocery stores. With these additional machines, TCF Bank will have more than 360 ATM locations throughout the Chicago region and southeastern Wisconsin.

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TCF Bank will install 10 advanced drive-up ATM machines in the parking lots of selected Jewel-Osco g ...

TCF Bank will install 10 advanced drive-up ATM machines in the parking lots of selected Jewel-Osco grocery stores. (Photo: Business Wire)

“Our customers want convenient, round the clock access to their money along with the ability to transact and manage their financial accounts. This expansion significantly increases our ability to deliver ATM services to our customers wherever and whenever they need them,” said Mark Jeter, executive vice president and managing director, Retail Banking for TCF Bank. “This investment in our ATM network further reinforces our commitment to deliver high quality customer service and convenience.”

Construction on six of the drive-up ATM machines located in the parking lots of selected Jewel-Osco grocery stores will begin in the fall. The remaining four parking lot-based machines will be installed by the spring of 2016, subject to municipal and site approvals. The new drive-up ATMs will feature advanced transaction capabilities, including the ability to accept cash and check deposits without an envelope. They will prominently feature TCF Bank’s new brand and logo.

The 71 TCF Bank-branded ATMs will be operational in select Target stores by early November. The expansion of surcharge-free ATM access in Target retail stores in Chicago is made possible through TCF Bank’s relationship with Cardtronics, the world’s largest retail ATM owner/operator and a provider of ATM services to Target.

TCF Bank’s ATM expansion in Chicago is part of a broader investment to significantly increase access to cash for its customers. In partnership with Cardtronics, TCF Bank also announced the addition of surcharge-free and cash-only ATMs at all 76 Target store locations in Minnesota and 56 locations in Michigan. With these new ATM locations, TCF Bank will have a network of more than 835 machines across its retail banking footprint in Minnesota, Illinois, Michigan, Colorado, Wisconsin, South Dakota, Indiana and Arizona.

Customers who want information on the location of the new ATMs can use the location finder on TCF Bank’s web site at tcfbank.com or on the bank’s mobile application.

About TCF
TCF is a Wayzata, Minnesota-based national bank holding company. As of June 30, 2015, TCF had $20 billion in total assets and 376 branches in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, South Dakota and Wisconsin, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, visit tcfbank.com.

About Cardtronics
Making ATM cash access convenient where people shop, work and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics owns/operates more than 113,500 retail ATMs in the U.S. and international locales. Whether Cardtronics is driving foot traffic for America’s most relevant retailers, enhancing ATM brand presence for card issuers or expanding cardholders’ surcharge-free cash access on the local, national or global scene, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.

TCF Bank
Media:
Mark Goldman, 952-475-7050
[email protected]
or
Investors:
Jason Korstange, 952-745-2755
[email protected]

Source: TCF Bank

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