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Press Release

TCF Declares Regular Quarterly Cash Dividend of 25 Cents Per Common Share; an Increase of 3.1 Percent

Company Release - 1/21/2008 5:25 PM ET


The Board of Directors of TCF Financial Corporation (TCF) (NYSE:TCB) is pleased to announce, for the seventeenth consecutive year, an increase in the regular quarterly cash dividend to 25 cents per common share. This represents a 3.1 percent increase over the 2007 quarterly dividend of 24.25 cents per common share. The dividend is payable February 29, 2008 to stockholders of record at the close of business on February 1, 2008. At December 31, 2007, there were 126.6 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 $15.5 billion in total assets. TCF has 449 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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