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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 16, 1995
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TCF Financial Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-16431 41-1591444
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Commission File Number (IRS Employer Identification No.)
801 Marquette Avenue, Suite 302, Minneapolis, Minnesota 55402
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(Address of principal executive offices)
(612) 661-6500
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Registrant's Telephone Number
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Item 5. OTHER EVENTS
On October 16, 1995, TCF Financial Corporation announced that its board of
directors declared a two-for-one stock split in the form of a 100 percent stock
dividend payable November 30, 1995 to shareholders of record as of November 10,
1995. TCF Financial Corporation expects to declare its regular quarterly cash
dividend of 31.25 cents per common share on October 24, 1995, to be paid
November 30, 1995, prior to the stock split.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Press release dated October 16, 1995.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: October 19, 1995
TCF FINANCIAL CORPORATION
By /s/Lynn A. Nagorske
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Lynn A. Nagorske
Its: President, Chief Operating Officer
and Treasurer (Principal Financial
Officer)
By /s/Mark R. Lund
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Mark R. Lund
Its: Senior Vice President, and Assistant
Treasurer and Controller
(Principal Accounting Officer)
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EXHIBIT 99.1
NEWS RELEASE CONTACT: Cynthia W. Lee (Investors)
(612) 661-8859
Elizabeth Anders (Media)
(612) 661-8853
FOR IMMEDIATE RELEASE
[TCF LETTERHEAD]
TCF DECLARES TWO-FOR-ONE STOCK SPLIT
MINNEAPOLIS, Oct. 16, 1995 -- TCF Financial Corporation (TCF) (NYSE:TCB)
today announced that its board of directors declared a two-for-one stock split
in the form of a 100 percent stock dividend payable Nov. 30 to shareholders of
record as of Nov. 10. The stock split will increase TCF's outstanding common
shares from 17.8 million to 35.6 million shares.
"Our third-quarter earnings broke the record set in the second quarter, and
the Board's decision to split the shares is another demonstration of our
positive outlook for TCF," said William A. Cooper, TCF chairman and chief
executive officer. Earlier today, TCF announced record third-quarter earnings
of $24.4 million, or $1.36 per common share.
Cooper also noted that TCF's stock price has climbed 48 percent year-to-
date to $61.25 per share (as of Oct. 13). "The stock split will move the shares
into a trading range more desirable to a wide range of investors, which we
believe will increase the stock's liquidity and marketability."
TCF expects to declare its regular quarterly cash dividend of 31.25 cents
per common share on Oct. 24, which would be paid Nov. 30 (on a pre-split basis).
TCF is a $7.3 billion stock savings bank holding company based in
Minneapolis. Its common stock is traded on the New York Stock Exchange under
the symbol TCB.
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