TCF Bank

A banking subsidiary of TCF Financial Corporation, a bank holding company based in Wayzata.

Business
April 22
TCF Bank Dinkytown Branch photo

As merger inches forward, TCF Financial holds expenses in line

The firm's short-term profit growth hinges on controlling expenses.
Business
October 22, 2018

TCF's profit soars in summer months, but stock falls on expense questions

Analysts expressed concerns with the company's expenses.
Business
July 27, 2018
TCF's second-quarter results, adjusted for one-time charges, beat analysts' expectations.

TCF shares leap after strong Q2 results

Recent legal settlement dented bottom line.
Business
July 20, 2018
The Plymouth office of TCF Bank.

TCF agrees to pay $30 million to settle dispute over the way it offered overdraft protection

The bank broke no rules but acknowledged it may have confused customers.
Business
April 23, 2018
TCF's first quarter profit rose sharply, boosted by higher interest rates and a lower tax rate.

TCF profit rises sharply, stock jumps 7 percent to highest level since 2007

Higher interest rates and lower taxes, shift away from auto lending all give a lift to TCF.
Business
July 24, 2017
TCF benefited from higher interest rates and a restructuring of its auto finance business during the second quarter.

TCF beats expectations with a nearly 5 percent jump in Q2 profit

Executives give an upbeat outlook, say changes to auto-finance strategy are paying off.
Business
February 8, 2017
Bill Cooper died Tuesday night at a Twin Cities hospice after being ill for several years with a blood cancer. He was 73.

Bill Cooper, TCF executive and ex-MN GOP leader, dies at 73

Bill Cooper, who turned a failing savings and loan into Minnesota's third-largest banking company, TCF Financial Corp., and was a dominating figure in the state's business and political communities, has died. He was 73.
Business
January 31, 2017
TCF is closing 10 of its 49 branches in Cub Food stores in Minnesota in April. The company is also experimenting with new branch designs like this one

TCF will close branches in 10 Cub stores, leaving only ATMs

TCF Financial Corp. will close branches in 10 Cub Food stores on April 14, leaving them with ATMs amid a decline in demand for full-service…
Business
January 27, 2017

TCF profit fell amid a sudden loss of momentum in auto lending

Interest income grew solidly and the company added to its deposit base.
Business
October 21, 2016

TCF net profit jumps 7 percent, shaped by new loans and sales of old ones

TCF Financial Corp. said Friday its third-quarter net profit grew 7 percent from the same period last year, shaped by growth in loan originations and…
Business
August 31, 2015
Bill Cooper

Bill Cooper to step down as TCF CEO; Craig Dahl to succeed him

Over three decades, Bill Cooper built Twin City Federal, as it was known then, into a much larger firm with nearly $20 billion in assets and about 400 branches in seven states.
Business
March 4, 2015
TCF Bank branch

Lawsuit claiming overtime violations filed against TCF

Illinois workers say the bank misclassified their jobs.
Business
October 24, 2014

TCF profit driven upward by auto, equipment financing

TCF Financial Corp. said third-quarter net income grew 22 percent as auto loans and equipment financing rose strongly and borrowing costs fell. The Wayzata bank…
TCF's results
July 25, 2014
TCF's quarterly results continue to be shaped by growth in auto loans and equipment finance.

TCF 2Q profit rises, driven again by auto, equipment loans

Second quarter saw sustained profit improvements from company's strategy to expand into auto, equipment loans.
Business
April 30, 2014

Schafer: Shareholder grumbling over TCF execs' pay is justified

Here’s the way it’s supposed to work — when shareholders in large numbers vote against the way you pay your executives, you change the way…
Business
April 23, 2014
TCF's first-quarter results meet expectations. Chairman Bill Cooper said the firm "hit on all pistons."

TCF profits surge; CEO says bank 'hit on all pistons'

The Wayzata-based lender is trying to grow beyond its reliance on consumer banking fees.
Business
April 13, 2014
TCF Financial Corp. will move 1,150 employees from its 17-story tower and this four-story bank building in downtown Minneapolis to a campus in Plymout

TCF building may be redeveloped in downtown Minneapolis

A new tower could rise after the bank relocates its downtown Minneapolis staff to Plymouth.
TCF relocation
April 8, 2014
TCF Financial Corp. will be shifting 1,150 employees from its namesake tower at 121 S. 8th St. in downtown Minneapolis to an office park in Plymouth.

TCF will exit downtown Minneapolis tower for Plymouth campus

TCF Financial Corp. is pulling out of the TCF Tower and TCF Bank Building in downtown Minneapolis as it consolidates several office locations into a new campus in Plymouth for 1,500 employees.
TCF
January 30, 2014
TCF chairman Bill Cooper

TCF closing 8 Cub branches in Minn.

Profits at the state's No. 3 bank jump 50 percent from last year, but slipped a bit from the previous quarter. The bank enters cost-cutting mode again.
Target data breach
January 29, 2014
Banks have replaced 15.3M cards since Target breach

Banks have replaced 15.3M cards since Target breach

Wells Fargo & Co. is the latest bank to shift gears and start proactively replacing cards exposed during Target's breach.
Outdoor hockey at U
January 16, 2014
Artist's rendering of the outdoor Hockey City Classic, which will be played in January 2014 at TCF Bank Stadium.

Nov. 25: Gophers to play outdoor hockey doubleheader at TCF

The Gophers will play an outdoor hockey doubleheader at TCF Bank Stadium, with the men's team playing Ohio State and the women playing Minnesota State-Mankato.
Business
January 4, 2014

TCF to reissue cards tied to Target breach

The bank is contacting customers who used its cards at Target, saying it won't deactivate their TCF cards until new ones arrive.
Business
December 3, 2013
The Office of the Comptroller of the Currency says TCF Financial is now in compliance with the Bank Secrecy Act.

Federal regulator clears TCF on Bank Secrecy Act compliance

The bank paid a $10 million fine earlier this year for lapses in monitoring suspicious bank transactions.
Business
November 25, 2013
FILE - In this Nov. 2, 2009 file photo, a customer swipes a MasterCard debit card through a machine while checking-out at a shop in Seattle. Consumers

Wieffering: Time to get over debit card fees

The foot-stomping frenzy about debit card fees reminds me of a sandbox showdown between 2-year-olds.
Business
November 25, 2013
Analysts say banks are likely to find other ways to recover some of the lost swipe fee revenue.

Consumer fury forcing banks to kill debit fees

Bank of America latest to drop fee. But analysts say battle not over.