TCF Bank Lowers Prime Rate to 3.25 Percent

DETROIT--(BUSINESS WIRE)--TCF Financial Corporation (TCF) (NASDAQ: TCF) and its subsidiaries announced today that they are lowering their prime rate to 3.25 percent from 4.25 percent, effective today, March 16, 2020.

About TCF Financial Corporation

TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $47 billion in total assets at December 31, 2019 and a top 10 deposit market share in the Midwest. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 500 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Arizona, Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit ir.tcfbank.com.

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Source: TCF Financial Corporation