Introduction:
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Lending, Funding, and Support Services segments. The Lending segment offers consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, and financing of home improvements. This segment also provides loans secured by personal property, as well as unsecured personal loans; commercial real estate and business lending products, including multi-family housing, warehouse and industrial buildings, office buildings, health care facilities, retail services, and commercial real estate construction loans; lease and equipment finance services for specialty vehicles, construction, golf cart and turf, medical, manufacturing, and technology and data processing markets; and inventory and auto finance services. The Funding segment provides deposit products, including free checking accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plan accounts. This segment also offers treasury services, such as investment and borrowing portfolios, as well as management of capital, debt, and market risks, including interest rate and liquidity risks. As of December 31, 2015, the company had 155 branches in Illinois, 99 in Minnesota, 53 in Michigan, 34 in Colorado, 24 in Wisconsin, 7 in Arizona, 2 in South Dakota, and a branch in Indiana. TCF Financial Corporation was founded in 1923 and is headquartered in Wayzata, Minnesota.