TCF National Bank Announces Lockbox Cash Management Enhancements

Company Release - 8/8/2005 3:21 PM ET

WAYZATA, Minn.--(BUSINESS WIRE)--Aug. 8, 2005--TCF National Bank (TCF) (NYSE:TCB) announced today several enhancements to their lockbox cash management service, TCF(R) Express Image Lockbox. Such enhancements include the ability to view images of receivables online at a secure website. Upon a successful login to the Internet site, commercial customers may view checks, invoices and other documentation received at their lockbox virtually 24/7. "This product is so much more than mere Web lockbox image capture and retrieval," said Sharleen Spear, Vice President and Lockbox Product Manager. "It is a comprehensive receivables management tool including the ability to track remitters, categorize transactions, create custom reports and attach electronic notes to specific payments."

Commercial customers select lockbox services to accelerate the collection of remittances, reduce mail float and increase funds availability. Offering image technology with Internet access allows for more efficient payment tracking and better customer service. Commercial customers will be able to expedite cash posting to account receivables and reduce time spent in research and resolution through the enhanced image Internet platform.

TCF is a Wayzata, Minnesota-based national financial holding company with $12.6 billion in assets. TCF has 435 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, securities brokerage, and investments and insurance sales.

    CONTACT: TCF Financial Corporation, Wayzata
             Jason Korstange, 952-745-2755

    SOURCE: TCF Financial Corporation

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