TCF Bank 2013 Annual Report Download - page 65

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TCF credit rating downgrades and unfavorable conditions in the credit markets that restrict or limit various funding sources; costs
associated with new regulatory requirements or interpretive guidance relating to liquidity; uncertainties relating to regulatory
requirements or customer opt-in preferences with respect to overdraft, which may have an adverse impact on TCF’s fee
revenue; uncertainties relating to future retail deposit account changes, including limitations on TCF’s ability to predict customer
behavior and the impact on TCF’s fee revenues.
Supermarket Branching Risk; Growth Risks. Adverse developments affecting TCF’s supermarket banking relationships or
any of the supermarket chains in which TCF maintains supermarket branches; costs related to closing underperforming
branches; slower than anticipated growth in existing or acquired businesses; inability to successfully execute on TCF’s growth
strategy through acquisitions or cross-selling opportunities; failure to expand or diversify TCF’s balance sheet through programs
or new opportunities; failure to successfully attract and retain new customers, including the failure to attract and retain
manufacturers and dealers to expand the inventory finance business; failure to effectuate, and risks of claims related to, sales
and securitizations of loans; risks related to new product additions and addition of distribution channels (or entry into new
markets) for existing products.
Technological and Operational Matters. Technological or operational difficulties, loss or theft of information (including the
loss of account information by, or theft from, third parties such as merchants), cyber-attacks and other security breaches,
counterparty failures and the possibility that deposit account losses (fraudulent checks, etc.) may increase; failure to keep pace
with technological change.
Litigation Risks. Results of litigation, including class action litigation concerning TCF’s lending or deposit activities including
account servicing processes or fees or charges, or employment practices; the effect of interchange rate litigation against the
Federal Reserve on debit card interchange fees; and possible increases in indemnification obligations for certain litigation against
Visa U.S.A. and potential reductions in card revenues resulting from such litigation or other litigation against Visa.
Accounting, Audit, Tax and Insurance Matters. Changes in accounting standards or interpretations of existing standards;
federal or state monetary, fiscal or tax policies, including adoption of state legislation that would increase state taxes; ineffective
internal controls; adverse federal, state or foreign tax assessments or findings in tax audits; lack of or inadequate insurance
coverage for claims against TCF; potential for claims and legal action related to TCF’s fiduciary responsibilities.
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