EXHIBIT 10(p).3

                       EXCERPT FROM MINUTES
                   PERSONNEL COMMITTEE MEETING
                    TCF FINANCIAL CORPORATION
                        JANUARY 23, 1995

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         [PROVIDE DEFERRED COMPENSATION PLAN COVERAGE TO GLBC EXECUTIVES]

     Following discussion, and upon motion duly made, seconded and
carried, the following resolutions were adopted:

          WHEREAS, this board of directors is authorized to adopt amendments to
     the executive deferred compensation plans and the Chairman of Great Lakes
     has requested an amendment to the Senior Officer Deferred Compensation
     Plan in order to provide deferral compensation opportunities to select
     executives of Great Lakes after the consummation of the merger;

          NOW, THEREFORE, IT IS HEREBY

          RESOLVED, that this Board hereby amends section 1.d of the Senior
     Officers Deferred Compensation Plan to add the following sentence at the
     end thereof: Effective on and after February 9, 1995, employees of Great
     Lakes Bancorp, A Federal Savings Bank ("Great Lakes") are eligible for
     this plan if they hold the officer position of Senior Vice President or
     above and are selected for eligibility in the plan by the Chairman and
     President of Great Lakes.



     I, Gregory J. Pulles, Secretary of TCF Financial Corporation do hereby
certify that the foregoing is a true and correct copy of excerpt of minutes
of the Personnel Committee of the Corporation meeting held on January 23,
1995, and that the minutes have not been modified or rescinded as of the
date hereof.

                                    /s/ Gregory J. Pulles
                                   -------------------------------------
                                   Gregory J. Pulles

(Corporate Seal)

Dated:  March 28, 1995