TCF Declares Quarterly Cash Dividends On Common Stock ($.05 Per Share) And Series A Preferred Stock

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 November 30, 2012 to stockholders of record at the close of business on November 15, 2012. At September 30, 2012, there were 163.2 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 December 3, 2012 to stockholders of record at the close of business on November 15, 2012. Each depositary share represents a 1/1,000 th interest in a share of the Series A Preferred Stock.

About TCF Financial CorporationTCF is a Wayzata, Minnesota-based national bank holding company with $17.9 billion in total assets at June 30, 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 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.

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