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TCF BANK TO REDEEM SUBORDINATED CAPITAL NOTES

 MINNEAPOLIS, Jan. 26 /PRNewswire/ -- TCF Bank Savings fsb (TCF Bank), a subsidiary of TCF Financial Corporation (NYSE: TCB), announced today that on March 1 it will redeem all of its 12-5/8 percent subordinated capital notes due 2000. The notes, which total $28.75 million, will be redeemed at par plus accrued interest to the date of redemption. National City Bank of Minneapolis will act as paying agent for the notes.
 TCF Bank operates 81 retail banking offices in Minnesota, Illinois, Wisconsin and Iowa. Its holding company, TCF Financial Corporation, reported net income of $39.6 million, or $3.98 per share, for 1992.
 -0- 1/26/93
 /CONTACT: Cynthia A. Wind, investor relations, 612-370-7390, or Elizabeth Anders, media relations, 612-370-1576, both of TCF Financial/
 (TCB)


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

AL -- MN011 -- 9108 01/26/93 13:15 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:144
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