UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 11, 2005
TCF FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
| 001-10253 |
| 41-1591444 |
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(State or other jurisdiction of |
| (Commission File Number) |
| (IRS Employer Identification No.) |
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200 Lake Street East, Mail Code EX0-03-A, Wayzata, Minnesota 55391-1693 |
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(Address of principal executive offices) |
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(612) 661-6500 |
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(Registrant’s telephone number, including area code) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
TCF National Bank (“TCF Bank”) a wholly-owned subsidiary of TCF Financial Corporation (“TCF”) will issue, on March 16, 2005, $50 million of subordinated notes due 2015. The notes bear interest at a fixed rate of 5.00% for the first five years and will reprice quarterly thereafter at the three-month LIBOR rate plus 1.56%. The notes may be redeemed by TCF Bank at par after five years and will qualify as Tier 2 or supplementary capital for regulatory purposes, subject to certain limitations. TCF Bank will pay the proceeds from the offering to TCF to be used for general corporate purposes, which may include repurchases in the open market of TCF common stock.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. |
| Description |
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99.1 |
| Press Release dated March 11, 2005 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TCF FINANCIAL CORPORATION |
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| /s/ William A. Cooper |
| William A. Cooper, Chairman of the Board, |
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| /s/ Neil W. Brown |
| Neil W. Brown, Executive Vice President |
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| /s/ David M. Stautz |
| David M. Stautz, Senior Vice President, |
Dated: March 11, 2005
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