TCF Inventory Finance, Inc. Enters the Recreation Vehicle Industry Through A Preferred Financing Program With Jayco, Inc. Dealers

SCHAUMBURG, Ill.--(BUSINESS WIRE)--TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank, announced today an agreement with Jayco, Inc. (“Jayco”) to become the preferred inventory finance source for Jayco’s three recreation vehicles divisions (Jayco, Starcraft RV and Entegra Coach) which includes 352 dealers in the United States and Canada.

“We are truly excited to enter the recreation vehicle industry and believe this relationship is an excellent fit for Jayco, their dealers and TCFIF.”

“The launch of the Jayco floorplan finance program clearly supports TCFIF’s entry into the recreation vehicle industry,” said Ross Perrelli, President and CEO of TCFIF. “We are truly excited to enter the recreation vehicle industry and believe this relationship is an excellent fit for Jayco, their dealers and TCFIF.”

TCFIF is a premier inventory finance company offering a full range of inventory financing solutions to manufacturers and their distributors throughout the United States and Canada in the lawn and garden industry, the power sports industry, the consumer electronics and household appliances industry and now the recreation vehicle industry. TCFIF originated approximately $2.5 billion in loans to nearly 9,000 customers in 2010 and $1 billion in loans to date in 2011. TCFIF is an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCB) (www.tcfbank.com), a Wayzata, Minnesota-based bank holding company with $18.7 billion in total assets. TCF has 442 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing and equipment finance business in all 50 states. For more information about TCFIF, please visit www.tcfif.com.

Jayco, Inc., headquartered in Middlebury, IN, is the largest privately-held manufacturer of recreation vehicles in North America. The company builds and markets 23 lines of camping trailers, travel trailers, fifth wheel trailers, toy haulers, and motorhomes through its Jayco, Starcraft RV and Entegra Coach divisions. For more information, call (800) RV-JAYCO or visit www.jayco.com.