TCF Declares Quarterly Cash Dividends

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

The Board of Directors of TCF Financial Corporation ("TCF") TCB declared quarterly cash dividends on TCF's common shares, 7.50% Series A Non-Cumulative Perpetual Preferred Stock and 6.45% Series B Non-Cumulative Perpetual Preferred Stock.

A quarterly cash dividend of $0.05 per common share is payable on September 1, 2015 to stockholders of record at the close of business on August 14, 2015. At June 30, 2015, there were 169.1 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB.

A quarterly cash dividend of $0.46875 per depositary share is payable on September 1, 2015 to holders of record of the depositary shares, representing a 1/1,000^th interest in a share of the 7.50% Series A Non- Cumulative Perpetual Preferred Stock, at the close of business on August 14, 2015.

A quarterly cash dividend of $0.403125 per share is payable on September 1, 2015 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock at the close of business on August 14, 2015.

About TCF

TCF is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2015, TCF had $20.0 billion in total assets and 379 branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit http://ir.tcfbank.com.

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