TCF Equipment Finance Announces Expansion of Industry Expertise to Its Golf Segment

MINNETONKA, Minn.--()--TCF Equipment Finance, Inc. (“TCFEF”), an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCB), announced today the addition of personnel to its team of finance experts within its golf segment. TCFEF has been able to grow its golf portfolio while many equipment finance companies have exited the golf market during the economic downturn. The new team members will complement the existing team's industry leadership.

"With key initiatives including further growth of the golf segment and cultivation of its value-driven offering, TCF Equipment Finance is committed to the golf industry,” said William Henak, President and Chief Operating Officer of TCFEF. “Our focus remains on serving the needs of our customers with a strong team of financial experts. Led by Mike Kloos, SVP-Strategic Business Development, the TCF Equipment Finance team has a wealth of industry knowledge that provides a competitive advantage within the industry. Mike’s leadership ability aligns our strategic initiatives with market opportunities."

In addition to the current dedicated sales and service team, TCFEF is expanding and adding business development personnel and welcomes the arrival of Marc Cahalan, Les Holbert, Shawn King and Aaron Meyer to further develop the golf segment. This combined talent brings 46 years of industry expertise.

"Our strengthened team will capture the significant market opportunity we see ahead,” said Kloos. “Our golf sales team, led by Mike Headley, VP-Sales Manager, is well positioned with manufacturer programs and our ability to offer distributors a seamless solution in conjunction with the expertise of TCF Inventory Finance, Inc. In addition, our new business development managers further strengthen us for long-term growth."

TCFEF has a successful history and has provided specialized equipment finance solutions to the golf industry for nearly a decade by offering custom programs to manufacturers, distributors, as well as direct financing for golf courses. Finance solutions offered by TCFEF include the financing of golf cars, turf equipment and other capital equipment through an array of financial products including loans, leases and municipal financing. As a part of TCF, TCFEF has a source of capital that it can devote to meeting the financing needs of the golf industry.

About TCF Equipment Finance, Inc.
TCFEF, headquartered in Minnetonka, Minnesota, provides financing solutions to vendors, manufacturers and business-direct customers in select markets including Construction, Franchise Finance, Golf, Healthcare, Manufacturing and Specialty Vehicle. TCFEF is widely recognized as one of the premier equipment finance companies in the United States. For more information about TCFEF, please visit tcfef.com.

About TCF Financial Corporation
TCF Equipment Finance is an indirect subsidiary of TCF, a Wayzata, Minnesota-based national bank holding company with $17.9 billion in total assets at September 30, 2012. TCF has nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in 40 states. For more information about TCF, please visit tcfbank.com.

Contacts

TCF Financial Corporation, Wayzata
Jason Korstange, 952-745-2755
tcfbank.com

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Contacts

TCF Financial Corporation, Wayzata
Jason Korstange, 952-745-2755
tcfbank.com