TCF FINANCIAL CORPORATION (NYSE:TCB) Files An 8-K Other Events
Item 8.01 Other Events.
announced that the Consumer Financial Protection Bureau filed a
civil lawsuit against TCF National Bank, the principal
wholly-owned subsidiary of the Company, related to its overdraft
opt-in practices.
as Exhibit 99.1 and is incorporated herein by reference.
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99.1
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Media Statement, issued January 19, 2017
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About TCF FINANCIAL CORPORATION (NYSE:TCB)
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. Its Funding segment includes branch banking and treasury services, which includes the Company’s investment and borrowing portfolios and management of capital, debt and market risks, including interest rate and liquidity risks. Its Support Services segment includes Holding Company and corporate functions that provide data processing, bank operations and other professional services to the operating segments. TCF Bank operates bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana. TCF delivers retail banking products in over 40 states. TCF FINANCIAL CORPORATION (NYSE:TCB) Recent Trading Information
TCF FINANCIAL CORPORATION (NYSE:TCB) closed its last trading session down -0.52 at 18.49 with 1,293,409 shares trading hands.