A record $step one mil inside the the fresh mortgages was from TCF Financial Corporation, TCF Bank ‘ s home loan credit subsidiary

Cooper also first started an expansion push. Throughout the 1987, TCF obtained as much as $three hundred million out of insured places off an S&L during the Illinois. The newest holding organization TCF Financial Corporation was also formed. The second 12 months, TCF inserted this new grocery store sector, beginning a branch inside the an Eagan, Minnesota, Cub Items store.

Even with Cooper ‘ s moves, TCF ‘ s upcoming had been about balance inside 1990. The firm remained at a negative balance, and government government spotted they directly. Continue reading