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TCF Declares Regular Quarterly Cash Dividend of 24.25 Cents Per Common Share

Company Release - 1/22/2007 5:35 PM ET

WAYZATA, Minn.--(BUSINESS WIRE)--

The Board of Directors of TCF Financial Corporation (TCF) (NYSE:TCB) is pleased to announce, for the sixteenth consecutive year, an increase in the regular quarterly cash dividend to 24.25 cents per common share. This represents a 5.4 percent increase over the 2006 quarterly dividend of 23 cents per common share. The dividend is payable February 28, 2007 to stockholders of record at the close of business on February 2, 2007. At December 31, 2006, there were 130.4 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 $14.3 billion in assets. TCF has 459 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin and Indiana. Other TCF affiliates provide leasing and equipment finance, and investments and insurance sales.

Source: TCF Financial Corporation

Contact: TCF Financial Corporation, Wayzata Jason Korstange, 952-745-2755 www.tcfbank.com

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