TCF Bank 2014 Annual Report Download - page 26

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remediation costs and any other financial liabilities associated with an environmental hazard could have a material adverse effect
on TCF’s financial condition and results of operations.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
Offices TCF owns its headquarters offices in Wayzata, Minnesota. Other operations facilities, located in Minnesota, Illinois,
California, and South Dakota, are either owned or leased. These facilities are utilized by the Lending segment and all but the
location in California are utilized by the Funding segment. The facility in Minnesota is also utilized by the Support Services
segment. At December 31, 2014, TCF owned the buildings and land for 147 of its bank branch offices, owned the buildings but
leased the land for 27 of its bank branch offices and leased or licensed the remaining 205 bank branch offices, all of which are
functional and appropriately maintained and are utilized by both the Lending and Funding segments. These branch offices are
located in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana. For more information on
premises and equipment, see Note 7 of Notes to Consolidated Financial Statements, Premises and Equipment.
Item 3. Legal Proceedings
From time to time, TCF is a party to legal proceedings arising out of its lending, leasing and deposit operations, including
foreclosure proceedings and other collection actions as part of its lending and leasing collections activities. TCF may also be
subject to enforcement actions brought by federal regulators, including the SEC, the Federal Reserve, the OCC and the CFPB.
From time to time, borrowers and other customers, and employees and former employees, have also brought actions against
TCF, in some cases claiming substantial damages. TCF and other financial services companies are subject to the risk of class
action litigation. Litigation is often unpredictable and the actual results of litigation cannot be determined, and therefore the
ultimate resolution of a matter and the possible range of loss associated with certain potential outcomes cannot be established.
Based on our current understanding of these pending legal proceedings, management does not believe that judgments or
settlements arising from pending or threatened legal matters, individually or in the aggregate, would have a material adverse
effect on the consolidated financial position, operating results or cash flows of TCF. TCF is also subject to regulatory
examinations, and TCF’s regulatory authorities may impose sanctions on TCF for failures related to regulatory compliance.
Item 4. Mine Safety Disclosures
Not applicable.
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