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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): April 7, 1997
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 April 7, 1997, TCF Financial Corporation (the "Registrant")
completed the conversion of its savings bank subsidiaries to national
banks and the Registrant became a national bank holding company.
Attached hereto as Exhibit 99.1 and incorporated herein by reference
is the Registrant's press release relating to this event dated
April 7, 1997.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release dated April 7, 1997.
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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: April 11, 1997
TCF FINANCIAL CORPORATION
By /s/ Ronald J. Palmer
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Ronald J. Palmer
Its Treasurer and Chief Financial Officer
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Cynthia W. Lee (Investors)
(612) 661-8859
Ann Storberg (Investors)
(612) 661-8883
Elizabeth Anders
(612) 661-8853 (Media)
FOR IMMEDIATE RELEASE
TCF COMPLETES CONVERSION TO NATIONAL BANK CHARTERS
MINNEAPOLIS, April 7, 1997 -- TCF Financial Corporation (TCF) (NYSE:TCB)
announced today that it has completed the conversion of its federal savings bank
subsidiaries in Minnesota, Illinois, Wisconsin and Michigan to national banks
and chartered a new national bank in Ohio.
TCF Chairman and Chief Executive Officer William A. Cooper said that he
anticipates minimal change in TCF's operations as a result of the conversion.
"Over the past ten years, we have transformed TCF into a community bank by
emphasizing higher-yielding consumer and commercial loans, and lower interest-
cost deposit accounts. We believe the combination of our 'bank-like' operations
and conversion to national bank charters will prompt the investment community to
recognize us as a top-performing community bank."
TCF now operates five bank subsidiaries with more than 200 branches: TCF
National Bank Minnesota, TCF National Bank Illinois, TCF National Bank
Wisconsin, Great Lakes National Bank Michigan, and the newly formed Great Lakes
National Bank Ohio. TCF plans to open supermarket branches in Colorado later
this year as TCF National Bank Colorado.
TCF is a $7.1 billion bank holding company based in Minneapolis. Other TCF
affiliates include consumer finance, mortgage banking, title insurance, annuity
and mutual fund sales companies.
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