Printer Friendly

THE BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM, NAMES TCF'S COOPER TO 12-MEMBER THRIFT ADVISORY COUNCIL

 MINNEAPOLIS, Jan. 5 /PRNewswire/ -- TCF Financial Corporation (NYSE: TCB) (TCF) today announced that the board of governors of the Federal Reserve System has named TCF's William A. Cooper, chairman and chief executive officer, to the Thrift Institutions Advisory Council (TIAC) for the 1993-94 term. Eight new members were designated for the two year term.
 "Since TIAC was established by the board in 1980, the frank, off- the-record exchanges of information, opinion and insight on developments relating to thrift institutions, the housing industry, mortgage finance, and regulatory issues have proven to be invaluable to the board," said John P. LaWare, member of the board of governors, Federal Reserve System.
 "I'm pleased to be selected to serve on this advisory council," said Cooper. "I think the time has come to change lending regulations that have stymied the banking industry and our ability to lend to businesses. I expect the Clinton administration will be a catalyst for change, but we must provide the real-world solutions that support business development and increased private sector investing. This is key to getting the economy moving and raising employment.
 "Fortunately, the thrift industry is recovering faster than many thought possible, and has an important role to play in the impending recovery. I plan to be active on this council and look forward to representing the Upper Midwest, an area with great growth potential," said Cooper.
 The council serves as an advisory group to the Federal Reserve Board of Governors and is made up of 12 representatives from thrift institutions across the country. Representatives from the savings and loan, savings bank and credit union sectors serve on the council which meets at least four times a year with the board.
 TCF is the holding company for TCF Bank Savings fsb, an FDIC- insured, federally chartered stock savings bank with 59 offices in Minnesota, 20 in northern Illinois, and one each in Iowa and Wisconsin. Established in 1923 as a mutual institution, TCF has grown to become the 41st largest savings institution in the Unites States with assets of more than $4.1 billion.
 -0- 1/5/93
 /CONTACT: Elizabeth Anders, TCF public relations, 612-370-1576/
 (TCB)


CO: TCF Financial Corporation ST: Minnesota IN: FIN SU:

AL -- MN012 -- 1872 01/05/93 16:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 5, 1993
Words:375
Previous Article:ALLIANT TECHSYSTEMS COMPLETES SALE OF METRUM INFORMATION STORAGE
Next Article:COLONIAL GROUP OF MUTUAL FUNDS NOTICE OF DISTRIBUTION DECLARATION
Topics:


Related Articles
TCF AND GREAT LAKES BANCORP SIGN MERGER AGREEMENT
CHARTER ONE FINANCIAL'S CHARLES JOHN KOCH NAMED PRESIDENT OF FEDERAL RESERVE BOARD THRIFT COUNCIL
GREAT LAKES' BOARD MEMBERS DELONIS, ROSENFELD, AND WEBER NAMED TO TCF BOARD
TCF SEEKS NATIONAL BANK CHARTERS
TCF RECEIVES OCC APPROVAL FOR NATIONAL BANK CHARTERS
TCF RECEIVES APPROVAL FOR DEPOSIT INSURANCE AT NATIONAL BANKS
TCF Seeks Conversion to Bank Charters
TCF Receives Regulatory Approval for Bank Charters
TCF Receives Approval from Federal Reserve Board to Form Bank Holding Company
Mac-Gray Appoints William M. Crozier, Jr. to Board.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters