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Press Release

TCF Financial Corporation Reports No Exposure to Petters

Company Release - 10/10/2008 5:05 PM ET


The recent news concerning Tom Petters and the Petters Group companies (collectively "Petters") has caused a great deal of speculation and rumors.

While TCF Financial Corporation (TCF) (NYSE: TCB) generally refrains from commenting on rumors, TCF Executive Management felt compelled to make a statement given the uncertainty in the current economy. Neither TCF Financial Corporation, its subsidiaries, nor any senior executive of TCF Financial Corporation have any investment or lending exposure to Petters.

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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