Summary of TCF FINANCIAL CORP

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors (the "Board") of TCF Financial Corporation (the "Company") expanded the size of the Board from twelve (12) to thirteen (13) members and elected Peter Bell as a director of the Company, effective November 20, 2009. Mr. Bell was also appointed to serve on the Compensation/Nominating/Corporate Governance Committee, the Advisory Committee for the TCF Employee Stock Purchase Plan, and the Shareholder Relations/Capital and Expansion Committee of the Board and will stand for re-election at the 2010 Annual Meeting of Stockholders.

Mr. Bell is Chair of the Metropolitan Council, a regional agency that operates the regional bus system, collects and treats wastewater, plans regional parks and administers funds that provide affordable housing opportunities. He has been the Chair since 2003; the Council serves the seven-country metropolitan area which includes Minneapolis and St. Paul, Minnesota. Mr. Bell was an executive vice president at Hazelden for publishing and educational services from 2001 to 2002 and for new ventures development from 1999 to 2001. From 1994 to 1999, he was an executive vice president for corporate community relations for TCF Bank, a wholly-owned subsidiary of the Company.

As a non-employee Director of the Company, Mr. Bell is eligible to participate in the TCF Financial Director's Stock Program (the "Program"). Under the Program, shares of the Company's common stock are earned in an amount equal to the participant's annual retainer fee for each fiscal year in which the Company's financial performance exceeds a stated goal as determined by the Board from time to time. A complete description of the Company's non-employee director compensation can be found under the caption "Compensation of Directors" in the Company's proxy statement for its 2009 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on March 11, 2009.

A copy of the press release issued by the Company on November 23, 2009, announcing Mr. Bell's election as a director is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.