TCF Bank 2011 Annual Report Download - page 15

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In Closing
Despite the troubled economy and
legislative and regulatory environment,
TCF has continued to be a profitable
and successful bank. Our conservative
philosophy and hard work have made
us the bank we are today and this will
not change. The business strategies
around this philosophy and hard work
are evolving to allow us to stay ahead
of the curve in the newly forming banking
environment. Given the new wave of
regulations, it is not likely banks will
ever be as profitable as they once were.
But this will not stop us from positioning
ourselves to continue to be successful
and profitable as times change.
I am confident and excited about the
direction we are heading. Once our new
specialty finance programs fully take off
in the second half of 2012, I think we
will be in a great position for growth
and success. My role at TCF has been
and will continue to be to maintain and
increase stockholder value.
We continue to have a mutuality of
interest with our stockholders. Our
senior management and board of
directors own over 6.8 million shares,
or 4.3 percent of TCF stock. Eighty
percent of our match-eligible employees
participate in TCF’s Employees Stock
Purchase Plan, which at year-end held
over 8.2 million shares.
I would like to take a moment to thank
our board of directors for their hard
work and guidance. I am very proud
of this group. I especially want to thank
Ralph Strangis and Luella Goldberg,
who decided to leave the board in early
2012. Ralph and Luella have each served
on TCF’s board of directors for 20-plus
years and have provided invaluable
contributions to TCF and our stockhold-
ers during their tenure. We appreciate
the exceptional leadership and guidance
they have provided over the years.
With these changes come opportunities
to welcome new members to the board.
During the past year, we welcomed
Jim Ramstad to the board of directors.
Jim brought with him a wealth of
knowledge and experience in the
political arena from his nine terms as
a Minnesota Congressman in the U.S.
House of Representatives. In addition,
Tom Jasper and Craig Dahl were also
added to the board of directors at the
beginning of 2012. Tom has previously
served as TCF’s Chief Financial Officer
and has now assumed the role of Vice
Chairman of Funding, Operations and
Finance. Craig was previously Executive
Vice President overseeing TCF’s
specialty finance division and will
now take over as Vice Chairman of
Lending. I am excited about these
new additions to the board and
welcome their insights and counsel.
I would also like to give a special thank
you to all of our employees for all of
their hard work during another challeng-
ing year. Without their hard work and
dedication, TCF would not be able to
provide a high level of convenience
and service to our customers and the
returns to our stockholders. I am proud
of our team and the accomplishments
we have achieved in 2011 and I look
forward to a successful 2012.
Thank you for your continued support
and investment in TCF.
William A. Cooper
Chairman and Chief Executive Officer
112011 Annual Report
Total Loans & Leases
Billions of Dollars
Specialty Finance1
Billions of Dollars
1110090807
$12.5
$13.3
$14.6
$14.8
$14.2
1 Leasing & Equipment Finance
(includes operating leases),
Inventory Finance & Gateway One
1110090807
$2.2
$2.5
$3.6
$4.0
$3.8