TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2013, TCF had $18.4 billion in total assets and 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 United States and Canada, and indirect auto finance business in 45 states.
TCF Financial Corporation began business in 1923 as Twin City Building and Loan Association.In 1936 it was given a federal charter and renamed as Twin City Federal Savings and Loan Association. The company went public in 1986 chartered under the name TCF Banking and Savings, F.A. (TCF Bank). In the 1990s, the company expanded banking into Michigan through the acquisitions of First Federal Savings Bank of Oakland County and Great Lakes National Bank. 1997 saw the acquisition of Winthrop Resources Corporation and 2004 saw the acquisition of VGM Leasing, Inc. In 2008, TCF entered the commercial inventory finance business in the U.S. and Canada with the creation of TCF Inventory Finance, Inc. TCF then entered the indirect auto finance business with the acquisition of Gateway One Lending & Finance in 2011.
TCF's primary funding source for its loan and lease growth is its low cost, core deposit base. TCF offers various banking services: checking; traditional, supermarket and campus branches; debit cards with Apple Pay, coin counting and withdrawals at ATMs; and TCF Online Banking and Mobile Banking.
TCF maintains a well-diversified loan and lease portfolio by business unit, segment, geography, rate, duration and collateral type. TCF's loan and lease portfolio consists of consumer real estate, commercial, leasing and equipment finance, inventory finance and auto finance.