TCF Financial Corporation Announces Executive Promotions for TCF Equipment Finance

TCF Financial Corporation (“TCF”) (NYSE:TCB), today announced the appointment of Gary Peterson as president and chief executive officer of TCF Equipment Finance ("TCFEF"), a division of TCF National Bank. Peterson will oversee all business functions at TCFEF and will report to William S. Henak, executive vice president, wholesale banking for TCF Financial Corporation. Peterson’s appointment follows the recent leadership changes announced by TCF Financial Corporation Chief Executive Officer Craig R. Dahl in November 2015 that included Henak’s promotion to lead wholesale banking. Henak previously served as president and chief executive officer of TCFEF.

"Gary has demonstrated strong leadership skills for many years at TCFEF,” said Henak. “I am confident that he and the experienced management team at TCFEF will continue to build on the strong performance they have delivered consistently in the past.”

Peterson joined TCFEF in April 2004 and most recently held the position of executive vice president and chief operating officer. He has more than 37 years of experience in the equipment finance and leasing industry including sales and management roles with CIT Group and GE Capital. Peterson holds a bachelor’s degree in finance from St. Cloud State University and is a native of southwestern Minnesota.

In addition to Peterson’s promotion, TCFEF also announced several additional leadership changes. Kyin Lok has been promoted to the position of senior vice president, chief corporate development officer, capital markets and strategic business development officer. Lok succeeds Richard Chenitz, who was recently promoted to lead TCF’s retail lending portfolio. For the past two years, Lok has been TCFEF's senior vice president, strategic business development. Lok has more than 20 years of financial services experience with GE Capital and U.S. Bank Equipment Finance. Lok holds a bachelor’s degree in business administration from Northeastern University and an MBA from Columbia University.

Jeff Wertz has been promoted to senior vice president, chief sales and marketing officer. Previously, Wertz served as TCFEF's senior vice president, national sales manager and has 22 years of finance industry experience, including 14 years with TCFEF. Prior to joining TCFEF, Wertz held several roles with GE Capital. Wertz holds a bachelor’s degree in marketing and management from Mankato State University.

Tom Greco has been promoted to senior vice president, national sales manager for construction, transportation, environmental services and manufacturing for TCFEF. Greco has been with TCFEF for more than seven years and most recently served as senior vice president for construction and environmental services. He has more than 30 years of finance industry experience in credit and sales management. Greco holds a bachelor’s degree in business administration and finance from the University of Wisconsin, Whitewater.

About TCF Equipment Finance
TCF Equipment Finance is a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (NYSE:TCB). TCF Equipment Finance is headquartered in Minnetonka, Minnesota with remote offices located throughout the United States. For more information about TCFEF, please visit http://www.tcfef.com.

About TCF
TCF is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2015, TCF had $20.7 billion in total assets and 375 branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit http://ir.tcfbank.com/.

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