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Press Release

TCF Declares Quarterly Cash Dividends

Company Release - 1/23/2015 4:21 PM ET

WAYZATA, Minn.--(BUSINESS WIRE)-- The Board of Directors of TCF Financial Corporation (“TCF”) (NYSE: 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 $.05 per common share is payable on March 2, 2015 to stockholders of record at the close of business on February 13, 2015. At December 31, 2014, there were 167.5 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB.

A quarterly cash dividend of $.46875 per depositary share is payable on March 2, 2015 to holders of record of the depositary shares, representing a 1/1,000th interest in a share of the 7.50% Series A Non-Cumulative Perpetual Preferred Stock, at the close of business on February 13, 2015.

A quarterly cash dividend of $.403125 per share is payable on March 2, 2015 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock at the close of business on February 13, 2015.

About TCF Financial Corporation

TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of September 30, 2014, TCF had $19.0 billion in total assets and 382 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, 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 the U.S. and Canada. For more information about TCF, please visit http://ir.tcfbank.com.

TCF Financial Corporation
Investors:
Jason Korstange, 952-745-2755
jkors@tcfbank.com
or
Media:
Mark Goldman, 952-475-7050
news@tcfbank.com

Source: TCF Financial Corporation

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