TCF Names Mark A. Bagley Chief Credit Officer And Announces Other Organizational Changes

TCF Financial Corporation (“TCF”) (NYSE:TCB) announced today that it has named Mark Bagley as its Chief Credit Officer. In this role, Mr. Bagley will work with TCF’s Board of Directors, senior management and business line leaders to oversee all aspects of credit policy and administration and further enhance TCF’s credit underwriting services and capabilities.

A highly experienced financial services professional, Mr. Bagley brings more than 20 years of credit and risk expertise to TCF. He most recently served as Chief Credit Officer for State Farm Bank F.S.B. in Bloomington, Illinois. Prior to State Farm Bank, Mr. Bagley held senior positions in risk, credit and lending at various organizations, including U.S. Bancorp, Bank One and Toyota Financial Services.

“We are pleased to add to our organization a seasoned credit risk management executive of Mark’s caliber,” said William A. Cooper, TCF’s Chairman and Chief Executive Officer. “His deep expertise in all areas connected with credit will be an asset to our Board of Directors and senior leadership team. Mark’s presence will allow TCF to continue to grow its lending capabilities in a prudent manner for the benefit of our shareholders.”

Mr. Bagley holds an MBA and BBA from New Mexico State University.

TCF also announced today the promotion of Guy Rau to the newly created position of Executive Vice President - National Manager, Commercial & Industrial Banking. Mr. Rau will lead TCF’s team of committed banking professionals in the continued growth and expansion of TCF’s commercial and industrial banking portfolio in Minnesota, Michigan, Illinois, Wisconsin and Colorado. TCF successfully operates in several industry segments in commercial and industrial banking.

Mr. Rau joined TCF in 2006 and has more than 23 years of banking experience. He most recently led TCF’s commercial banking operations in Michigan. He is a graduate of the University of Michigan.

TCF also named Gloria Charley to the position of Senior Vice President, Director of Talent Management for TCF. In this role, Ms. Charley will provide oversight of the organization’s talent management function as the company continues to invest in developing its team members to support TCF’s growth and deliver shareholder value. She will lead a team of professionals in delivering a unified, comprehensive approach to talent management across all of TCF.

Ms. Charley joined TCF in 1999 and has more than 8 years as a senior talent management leader. She is a graduate of Michigan State University.

About TCF Financial CorporationTCF is a Wayzata, Minnesota-based national bank holding company with $18.4 billion in total assets at September 30, 2013. The company has nearly 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 40 states. For more information about TCF, please visit http://ir.tcfbank.com.

Safe Harbor for Forward-Looking InformationThis press release may contain projections and other “forward-looking” statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements deal with future results, plans or performance. We caution you that such statements are predictions and that actual events or results may differ materially. TCF’s expected financial results or other plans are subject to a number of risks and uncertainties. Please see the forward-looking statement disclosure contained in TCF’s 2013 third quarter Form 10-Q for more information about risks and uncertainties. Forward-looking statements speak only as of the date made and TCF undertakes no duty to update the information.

Copyright Business Wire 2010

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