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Press Release

Robert F. Grant Promoted to President of TCF Bank Michigan

Company Release - 10/16/2007 5:27 PM ET


TCF Financial Corporation (TCF) (NYSE:TCB) is pleased to announce the promotion of Mr. Robert F. Grant to President of TCF Bank Michigan, effective January 1, 2008, replacing Mr. Robert H. Scott. Mr. Grant joined TCF Bank Michigan in April of 2005 as Executive Vice President and Director of Commercial Lending. A long-time resident of Michigan, Mr. Grant has nearly 30 years of banking experience and had previously worked for Old Kent Bank and its successor Fifth Third for the later 20 years. At Fifth Third, Mr. Grant served as Senior Vice President and Division Manager of Middle Market Banking in southeast Michigan. Mr. Grant is a graduate of Oakland University in Rochester, Michigan.

"We are excited that Bob Grant will continue the TCF tradition in Michigan and look forward to the banking expertise, particularly in commercial lending, he will bring to this position," said Timothy P. Bailey, President of TCF Bank.

Mr. Scott will remain with TCF Bank to assist with transition activities through March 2008, at which time he will lead special projects for TCF Financial Corporation and TCF Bank. Mr. Scott began his 38-year banking career with Harris Bank in Chicago, worked 17 years at US Bank and joined TCF Bank Minnesota in 1994 as Executive Vice President of Commercial Lending. Mr. Scott was elected President of TCF Bank Michigan in 2005.

"We would like to thank Bob Scott for his 14 years of dedicated service and contributions made to TCF Financial Corporation," stated Mr. Lynn A. Nagorske, Chief Executive Officer.

TCF is a Wayzata, Minnesota-based national financial holding company with $15 billion in total assets. TCF has 446 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona. 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

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