The Board of Directors of TCF Financial Corporation declared quarterly cash dividends on TCF's common shares, 7.50% Series A Non-Cumulative Perpetual Preferred
Stock and 6.45% Series B Non-Cumulative Perpetual Preferred Stock. A quarterly cash dividend of $0.46875 per depositary share is payable on March 1, 2017 to holders of record of the depositary shares, representing a 1/1,000th interest in a share of the 7.50% Series A Non-Cumulative Perpetual Preferred Stock, on February 15, 2017.

A quarterly cash dividend of $0.403125 per share is payable on March 1, 2017 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock on February 15, 2017.

A quarterly cash dividend of $0.075 per common share is payable on March 1, 2017 to stockholders of record on February 15, 2017.