TCF Bank

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TCF Bank
Industry Financial
Founded Minneapolis, Minnesota, USA (April 2, 1923)
Headquarters Wayzata, Minnesota
Products Retail Banking
Commercial Banking
Parent TCF Financial Corporation

TCF Bank is the wholly owned banking subsidiary of TCF Financial Corporation, a bank holding company headquartered in Wayzata, Minnesota. As of August, 2015, TCF Bank had nearly 380 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota.[1]


TCF branch footprint. Top: United States midwest, Lower Left: Arizona & Lower Right: Colorado.

TCF Bank began business in 1923 as Twin City Building and Loan Association. The company went public in 1986 chartered under the name TCF Banking and Savings, F.A. (TCF Bank). Despite some bank acquisitions such as Great Lakes Bancorp and Standard Financial, TCF Bank has grown primarily through de novo expansion.



TCF Bank was founded in Minneapolis. With approximately 110 branches in the area, it continues to be a major force in the Twin Cities. In-store branches are located inside of Cub Foods stores. It is headquartered in Wayzata, Minnesota.

TCF Bank operates campus branches in partnership with the University of Minnesota (including the Duluth campus) and St. Cloud State University.


TCF Bank operates 192 locations in the Chicago metropolitan area, including branches located inside of Jewel-Osco stores.

TCF Bank also operates campus branches in partnership with the University of Illinois and Northern Illinois University.


TCF Bank operates one branch in northern Indiana.


TCF Bank operates 25 branches in Wisconsin.


TCF branch, Ypsilanti, MI

TCF Bank operates 38 branches throughout Michigan.

In 1995, TCF increased its Michigan presence by acquiring the Great Lakes National Bank. From 1995 through 1998, the TCF Bank branches in Michigan operated under the Great Lakes National Bank name. In 1999, all of the branches were reflagged as TCF.

In 2002, the University of Michigan announced that TCF Bank had been selected as a preferred provider of banking services to students, faculty, and staff.

In 2005, TCF Bank announced the sale of its Michigan headquarters building to Ann Arbor real-estate company McKinley Associates, though part of the ground level remains a TCF Bank branch.

On November 6, 2006, TCF announced the sale of 10 branches in Battle Creek, Bay City, and Saginaw to Independent Bank.[2] With this sale, TCF's Michigan branches became concentrated in Southeast Michigan, primarily in and around metropolitan Detroit.


TCF has 36 branches in the Denver metro area and Colorado Springs.


TCF's first branch office was opened in Mesa, on December 13, 2006. TCF now operates seven branches in the state of Arizona.

South Dakota[edit]

TCF has two branches in Sioux Falls.

Executive Management[edit]

  • Chairman & Chief Executive Officer: Craig R. Dahl
  • Vice Chairman of Funding, Operations & Finance: Thomas F. Jasper
  • Vice Chairman of Lending: Craig R. Dahl
  • Executive Vice President & Chief Financial Officer:
  • Executive Vice President & Chief Operations Officer: Tom Butterfield
  • Executive Vice President & Chief Risk Officer: James Costa
  • Executive Vice President & Chief Credit Officer: Mark Bagley


Overdraft Service[edit]

In 2010, TCF Bank was sued regarding overdraft fees.[3] Some practices that came to light included processing higher amount transactions first in order to drain customer accounts faster, allowing TCF to then increase the number of total overdraft charges from each of the smaller amounts remaining, as well as charging overdraft fees on a daily basis rather than posing one flat fee. In 2011, TCF Bank changed its overdraft policy to include a daily $28 fee.[4] After public backlash, the bank reversed its policy in 2012.[5]

Bank Secrecy Act[edit]

In 2013 TCF was assessed a $10 million fine for violating the Bank Secrecy Act.[6] This was a result of their failure to file suspicious activity reports in a timely fashion.

TCF Bank Stadium[edit]

For more details on this topic, see TCF Bank Stadium.

On March 24, 2005, TCF Bank and the University of Minnesota announced that the bank would contribute $35 million during a 25-year period toward a proposed on-campus outdoor football stadium, in exchange for naming rights. The original agreement was to expire December 31, 2005, but was extended to June 30, 2006. The bill authorizing the stadium was signed into law by the governor on May 24, 2006, and the stadium officially opened its doors for the inaugural Gopher football game of the 2009 season, held on September 12, 2009.


External links[edit]