Inactive Instrument

TCF Financial Corporation

TCF

TCF Financial : Bank Raises Prime Rate to 4.75 Percent

March 21, 2018 at 05:34 pm EDT

TCF Financial Corporation (TCF) (NYSE: TCF) and its subsidiaries announced today that they are increasing their prime rate to 4.75 percent from 4.50 percent, effective tomorrow, March 22, 2018.

About TCF
TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2017, TCF had $23.0 billion in total assets and 320 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona and South Dakota providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment 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.

Click here to subscribe to news release email alerts for TCF Financial Corporation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180321006217/en/

Latest news about TCF Financial Corporation

Hudson City Bancorp, Inc. : CEO age may have helped Hudson City Bancorp sale: Barclays

12-08-28

Chart TCF Financial Corporation

Duration

Period

More charts

Company Profile

TCF Financial Corporation (TCF) is a bank holding company. The Company's principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company's consumer-facing businesses. The Consumer Banking segment includes retail banking, consumer real estate and auto finance. Wholesale Banking comprises commercial real estate and business lending, leasing and equipment finance and inventory finance. TCF's consumer banking strategy is primarily to generate deposits to use for funding high credit quality secured loans and leases. Enterprise Services comprises corporate treasury, corporate functions and the Holding Company. As of December 31, 2016, the Company's total securities available for sale were $1.4 billion. As of December 31, 2016, the Company's total loans were $17.8 billion. As of December 31, 2016, the Company's total deposits were $17.2 billion.

Sector

Banks

More about the company

Sector Other Banks

	1st Jan change	Capi.
JPMORGAN CHASE & CO.	+6.55%	523B
BANK OF AMERICA CORPORATION	+6.19%	281B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+7.59%	251B
WELLS FARGO & COMPANY	+19.34%	206B
BANK OF CHINA LIMITED	+12.75%	172B
CHINA CONSTRUCTION BANK CORPORATION	+4.73%	159B
HSBC HOLDINGS PLC	+0.46%	149B
ROYAL BANK OF CANADA	-0.36%	137B
HDFC BANK LIMITED	-10.41%	136B

Other Banks