TCF National Bank Announces Completion of $150 Million Fixed-to-Floating Rate Subordinated Bank Notes Offering

DETROIT--(BUSINESS WIRE)--TCF National Bank (“TCF Bank”), a wholly-owned subsidiary of TCF Financial Corporation (“TCF”) (NASDAQ: TCF), today announced the completion of its offering of $150 million aggregate principal amount of 5.50% fixed-to-floating rate subordinated bank notes due 2030 (the “Subordinated Notes”). The Subordinated Notes were sold at par resulting in net proceeds, after underwriting commissions and other estimated offering expenses, of approximately $148.4 million.