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Stock Market & Financial Investment News

News Breaks
January 25, 2013
16:20 EDTTCBTCF National Bank agrees to $10M regulatory settlement of BSA matters
TCF National Bank, the principal subsidiary of TCF Financial Corporation, announced that it has entered into an agreement with the Office of the Comptroller of the Currency pursuant to previously disclosed deficiencies in its Bank Secrecy Act compliance program. TCF Bank previously disclosed that it may incur a civil money penalty related to its BSA program. TCF Bank has agreed to payment of a civil money penalty in the amount of $10M, or 6c per common share in Q4.
News For TCB From The Last 14 Days
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February 4, 2016
16:57 EDTTCBTCF Financial and New Albertson's enter into banking services agreement
TCF National Bank, the principal subsidiary of TCF Financial, and New Albertson's announced a new multi-year retail banking services agreement for Jewel-Osco grocery stores located in the Chicago area. TCF Bank is enhancing its retail branches, ATM footprint and online technologies. These include the addition of ATMs located in select parking lots of Jewel-Osco stores. In conjunction, TCF Bank will close 33 retail branches inside Jewel-Osco stores by the end of May and in their place install ATMs that feature advanced transaction capabilities. TCF expects to incur an immaterial one-time pre-tax charge to earnings in Q1 as a result of the changes related to the Jewel-Osco service agreement. When fully implemented in FY16, TCF expects the changes related to the agreement to result in a net positive economic impact within the year. The new agreement is in effect until 2021, with options for TCF to renew it.
January 28, 2016
08:05 EDTTCBTCF Financial reports Q4 EPS 29c, consensus 29c
Reports Q4 revenue $321.3M, consensus $208.885M. Reports Q4 NII $205.67M. Loan and lease originations were $3.8 billion for the fourth quarter of 2015, an increase of $0.4 billion, or 11.2 percent, compared with the fourth quarter of 2014 and a decrease of $0.1 billion, or 1.3 percent, compared with the third quarter of 2015.

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