Menu
Email page PDF view Print view Email Alert Social Media Sharing

Press Release

TCF Financial Corporation Reports No Exposure to Petters

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

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

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 www.tcfbank.com

The information that is on or available through this site speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. TCF Financial Corporation does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.