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TCF Financial (TCB) Announces $200M Common Offering

March 9, 2011 6:26 AM EST
TCF Financial Corporation (NYSE: TCB) has commenced a $200 million common stock offering.

TCF intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the amount sold to cover over-allotments, if any. J.P. Morgan Securities LLC and Morgan Stanley are acting as joint book-running managers. RBC Capital Markets will serve as co-manager.


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JPMorgan, Morgan Stanley, RBC Capital