TCF Declares Quarterly Cash Dividends

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

The Board of Directors of TCF Financial Corporation (TCF) TCB today 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 $0.075 per common share is payable on September 1, 2016 to stockholders of record at the close of business on August 15, 2016. At June 30, 2016, there were 171.0 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, 2016 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 15, 2016.

A quarterly cash dividend of $0.403125 per share is payable on September 1, 2016 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock at the close of business on August 15, 2016.

About TCF

TCF is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2016, TCF had $21.3 billion in total assets and 376 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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