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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): MARCH 8, 2000
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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)
001-10253 41-1591444
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Commission File Number (IRS Employer Identification No.)
801 Marquette Avenue, Mail Code 100-01-A, 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 March 8, 2000, TCF Financial Corporation (the "Company") announced that its
Board of Directors has authorized another program for the repurchase of up to
five percent of the Company's outstanding shares through open market or
privately negotiated transactions. This program is in addition to the existing
program for repurchasing shares announced in December 1998. The repurchased
shares will become treasury shares. Attached hereto as Exhibit 99.1 and
incorporated herein by reference is the Company's press release dated March 8,
2000.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release dated March 8, 2000.
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: March 8, 2000
TCF FINANCIAL CORPORATION
By /s/ Neil W. Brown
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Neil W. Brown
Its Executive Vice President,
Chief Financial Officer and Treasurer
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EXHIBIT 99.1 Jason Korstange
(612) 745-2755
Ann Storberg
(612) 745-2758
www.tcfbank.com
FOR IMMEDIATE RELEASE
TCF ANNOUNCES STOCK REPURCHASE PROGRAM
MINNEAPOLIS, March 8, 2000 - TCF Financial Corporation (TCF) (NYSE:TCB)
announced today that its Board of Directors has authorized a new program for the
company to acquire up to 5 percent of TCF common stock, or approximately 4.1
million shares. The shares will be acquired from time to time, depending upon
market conditions, through open market or privately negotiated transactions.
TCF has completed its current 5 percent stock repurchase program,
authorized by the Board of Directors in December 1998. TCF has approximately
81.4 million common shares outstanding.
TCF is a $10.7 billion national bank holding company with banking
offices in Minnesota, Illinois, Michigan, Wisconsin, and Colorado. Other TCF
affiliates provide leasing, mortgage banking, and annuity and mutual fund sales.
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