TCF Bank 2011 Annual Report Download - page 122

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Item 9. Changes in and
Disagreements With
Accountants on Accounting
and Financial Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures The Company
carried out an evaluation, under the supervision and with
the participation of the Company’s management, including
the Company’s Chief Executive Officer (Principal Executive
Officer), the Company’s Chief Financial Officer (Principal
Financial Officer) and its Controller and Managing Director
of Corporate Development (Principal Accounting Officer),
of the effectiveness of the design and operation of the
Company’s disclosure controls and procedures pursuant
to Exchange Act Rule 13a-15 and 15d-15 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”).
Based upon that evaluation, management concluded that
the Company’s disclosure controls and procedures are
effective, as of December 31, 2011.
Disclosure controls and procedures are designed to
ensure that information required to be disclosed by TCF
in reports filed or submitted under the Exchange Act is
recorded, processed, summarized and reported within
the time periods specified in the SEC’s rules and forms.
Disclosure controls are also designed with the objective
of ensuring that such information is accumulated and
communicated to the Company’s management, including
the Chief Executive Officer (Principal Executive Officer),
the Chief Financial Officer (Principal Financial Officer)
and the Controller and Managing Director of Corporate
Development (Principal Accounting Officer), as
appropriate, to allow for timely decisions regarding
required disclosure. TCF’s disclosure controls also include
internal controls that are designed to provide reasonable
assurance that transactions are properly authorized, assets
are safeguarded against unauthorized or improper use and
that transactions are properly recorded and reported.
Changes in Internal Control Over Financial Reporting
There were no changes to TCF’s internal controls over
financial reporting (as defined in Rule 13a-15(f) of the
Exchange Act) during the quarter ended December 31,
2011 that materially affected, or are reasonably likely
to materially affect, TCF’s internal control over financial
reporting. During the fourth quarter of 2011, TCF completed
the acquisition of Gateway One Lending & Finance, LLC
(“Gateway One”), which adopted key controls within TCF’s
internal controls over financial reporting upon acquisition.
104 TCF Financial Corporation and Subsidiaries