The Board of Directors of TCF Financial Corporation (“TCF”) (NYSE: TCB) today declared quarterly cash dividends on TCF’s common shares and 7.50% Series A Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $.05 per common share is payable on August 31, 2012 to stockholders of record at the close of business on August 15, 2012. At June 30, 2012, there were 162.7 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB. A quarterly cash dividend of $.34375 per depositary share is payable on September 4, 2012 to stockholders of record at the close of business on August 15, 2012. Each depositary share represents a 1/1,000 th interest in a share of the Series A Preferred Stock. About TCF Financial Corporation TCF is a Wayzata, Minnesota-based national bank holding company with $17.8 billion in total assets at March 31, 2012. The company has over 430 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 and equipment finance business and leverage lending in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in over 30 states. For more information about TCF, please visit http://ir.tcfbank.com.