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TCF Financial Corporation Names Tom Butterfield Chief Information Officer

Company Release - 3/30/2015 5:07 PM ET

WAYZATA, Minn.--(BUSINESS WIRE)-- TCF Financial Corporation (“TCF”) (NYSE:TCB) announced today that Tom Butterfield has joined the company as executive vice president and chief information officer. Butterfield is responsible for leading TCF’s enterprise information technology function, including infrastructure, service delivery and application development. He will lead the development of a comprehensive strategy that supports TCF’s focus on effectively leveraging technology in all of its business lines to enhance shareholder value. Butterfield will report to Craig Dahl, vice chairman and president.

A veteran technology leader with substantial experience and understanding of IT strategy across multiple industries, Butterfield most recently served as senior vice president, technology strategy and business solutions for Target Corporation. He held several additional IT leadership positions during his eight-year tenure with the company. Butterfield’s experience also includes senior technology positions at a number of industry-leading companies, including UnitedHealth Group, Deluxe Corporation, First Bank Corporate Payment Systems, Norwest Bank Card Services and Blue Cross & Blue Shield of Iowa.

“Information technology is a strategic priority for TCF. We need to deliver a great experience for our customers and leverage the capabilities of our talented team members,” said William Cooper, chairman and chief executive officer. “Tom’s track record of leading IT strategy in industries that require innovative thinking, enterprise alignment and business enablement make him the ideal choice to help TCF maximize the benefits of technology across the company. His proven ability to deliver on initiatives that build business value inside of national organizations will be invaluable as we execute on TCF’s long-term strategy.”

Dahl added, “Tom’s appointment as CIO is the culmination of an extensive national search, conducted with participation from the Technology committee of TCF’s board of directors. We sought an experienced IT strategist and leader with demonstrated capabilities in team leadership, information management, infrastructure, application development and user experience. Tom’s breadth of experience in all of these areas gives him a unique perspective in providing integrated technology solutions that drive successful business outcomes.”

Commenting on his appointment, Butterfield said, “This is a very exciting time to be joining TCF. The executive leadership team has successfully transformed TCF into a nationally regarded company with diverse revenue streams, a strong retail deposit base and a well-capitalized balance sheet. I’m impressed by the recent investments TCF has made in technology to serve its customers and the commitment Craig and the leadership team have to further leverage IT as a driver of shareholder value.”

About TCF

TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2014, TCF had $19.4 billion in total assets and 379 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.

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

Source: TCF Financial Corporation

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