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Press Release

TCF Inventory Finance, Inc. Assumes E-Z-GO Floorplan Financing Program

Company Release - 8/11/2010 5:34 PM ET

HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)-- TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank, announced today an agreement with Textron Financial Corporation (“Textron Financial”) to purchase their E-Z-GO Distribution Finance Program. E-Z-GO is a division of Textron Inc. The purchase of this program by TCFIF represents the opportunity to provide floorplan financing to E-Z-GO’s distributors and dealers.

“This agreement is the result of an extensive selection process conducted by E-Z-GO to find just the right strategic partner to provide floorplan financing for our customers going forward,” said Mr. Michael R. Parkhurst, Vice President, Sales of E-Z-GO.

“TCFIF is both truly excited and completely dedicated to providing a high level of service to E-Z-GO and their customers,” said Mr. Ross Perrelli, President and CEO of TCFIF.

TCFIF ( offers a full range of inventory financing solutions to retailers in the consumer electronics and household appliances and lawn and garden industries throughout the United States and Canada. TCFIF is an indirect subsidiary of TCF Financial Corporation (NYSE: TCB) (, a Wayzata, Minnesota-based bank holding company with $18 billion in total assets. TCF has 441 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts leasing and equipment finance business in all 50 states, specifically serving the golf industry for the last six years under the name VGM Financial Services.

E-Z-GO is a leading manufacturer of golf cars and utility vehicles and is a leading provider of industrial, turf and utility vehicles for a variety of applications and industries.

Source: TCF Financial Corporation


TCF Financial Corporation, Wayzata

Jason Korstange, 952-745-2755

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