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Press Release

TCF Bank Lowers Prime Rate to 4.50 Percent

Company Release - 10/8/2008 11:19 AM ET


TCF Financial Corporation (NYSE:TCB) today announced on behalf of its subsidiary banks that it has lowered its prime rate, sometimes referred to as commercial base rate, to 4.50 percent from 5.00 percent, effective today, October 8, 2008.

TCF is a Wayzata, Minnesota-based national financial holding company with $16.5 billion in total assets. The company has 454 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona, providing retail and commercial banking services. TCF also conducts leasing and equipment finance business in all 50 states.

Source: TCF Financial Corporation

Contact: TCF Financial Corporation, Wayzata Jason Korstange, 952-745-2755

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