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Press Release

TCF Bank Receives Outstanding Community Reinvestment Rating

Company Release - 12/3/2008 4:26 PM ET

WAYZATA, Minn.--(BUSINESS WIRE)-- TCF National Bank (TCF), a subsidiary of TCF Financial Corporation (NYSE: TCB), received the highest possible rating from the Office of the Comptroller of the Currency (OCC) in its recent Community Reinvestment Act (CRA) examination. The OCC, which regulates national banks such as TCF, rated TCF's CRA performance over the last several years as "outstanding" overall.

"We are very proud recipients of the outstanding rating, which recognizes TCF's bank-wide efforts and commitment to the communities we serve," said TCF Chairman and Chief Executive Officer William A. Cooper. "These results are consistent with TCF's community banking philosophy."

The CRA requires covered financial institutions to demonstrate that they are reinvesting in their communities within the context of a safe and sound operation by meeting the credit needs of its entire community, including low- and moderate-income areas and households. Financial institutions are examined under the CRA in three areas: 1) Lending, which comprises 50% of the final CRA rating, 2) Investments and 3) Service. Each of these components receives an individual rating which rolls up to a composite rating for the institution as a whole.

TCF's recently released public CRA Performance Evaluation cited the bank's excellent overall lending performance, with excellent geographic loan distribution and excellent distributions by borrower income levels. TCF's level of community development investments, which were primarily directed toward affordable housing efforts and other social services for low- and moderate-income households, was also characterized as excellent. TCF's performance under the service test was rated as high satisfactory, highlighting TCF's excellent hours of operation and its high degree of employee involvement in a multitude of community development organizations.

The evaluation also sited some notable community development partnerships including TCF's long-time partnerships with Ascension School in North Minneapolis and Goodwill Industries International.

TCF is a Wayzata, Minnesota-based national financial holding company with $16.5 billion in total assets. The company has 445 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

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