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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): December 19, 1995
TCF Financial Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State of 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
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On December 19, 1995, the Board of Directors of TCF Financial Corporation
(the "Company") authorized the repurchase of up to five percent of the
Company's outstanding shares through open market or privately negotiated
transactions. The repurchased shares will be used for employee benefit plans
and other general corporate purposes. The Company has 137,158 shares
remaining unpurchased in its initial five percent stock repurchase program,
which the Company expects to repurchase before initiating the new program.
Attached, as Exhibit 99.1, is a press release relating to this event.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
99.1 Press Release dated December 19, 1996.
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: January 5, 1996
TCF FINANCIAL CORPORATION
By /s/ Lynn A. Nagorske
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Lynn A. Nagorske
Its President and Chief Operating Officer
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NEW RELEASE
CONTACT: Cynthia W. Lee (Investors)
(612) 661-8859
Elizabeth Anders (Media)
(612) 661-8853
FOR IMMEDIATE RELEASE
[LOGO]
TCF FINANCIAL CORPORATION
801 Marquette Avenue, Minneapolis, Minnesota 55402-3475
TCF TO REPURCHASE COMMON STOCK
MINNEAPOLIS, Dec. 19, 1995 -- TCF Financial Corporation (TCF) (NYSE:TCB)
today announced that its board of directors has authorized the repurchase of
up to 5 percent of TCF common stock, or approximately 1.8 million shares. The
shares will be repurchased from time to time, depending upon market
conditions, through open market or privately negotiated transactions. The
repurchased shares will become treasury shares and will be used for employee
benefit plans and other general corporate purposes.
TCF has 137,158 shares remaining unpurchased in its initial 5 percent
stock repurchase program, authorized by the board of directors in January
1994, which the company expects to repurchase before initiating the new
program. At Nov. 30, TCF had 35.6 million shares outstanding following
completion of a two-for-one stock split.
TCF is $7.3 billion stock savings bank holding company based in
Minneapolis with bank subsidiaries operating in Minnesota, Illinois,
Wisconsin, Michigan and Ohio. Other TCF affiliates include consumer finance,
mortgage banking, title insurance, annuity, and mutual fund companies. TCF
common stock is traded on the New York Stock Exchange under the symbol TCB.
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TCF
TCF FINANCIAL CORPORATION
January 5, 1996
ATTN: Document Control--File Desk FILED BY EDGAR
Securities and Exchange Commission --------------
450 Fifth Street, N.W.
Washington, DC 20549
RE: TCF Financial Corporation
Registration No. 0-16431
Dear Sir or Madam:
Filed herewith via EDGAR is a Current Report on Form 8-K for TCF Financial
Corporation. Any questions you have concerning this report may be directed to
me at (612) 661-8828.
Very truly yours,
[Signature]
Joseph T. Green
Attorney
JTG/kl
Enclosure
