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TCF Bank Refuses $361 Million in TARP Funds

With Greta Van Sustern

Bill Cooper, CEO, TCF Financial –

“TCF never really needed the money in the first place, the regulators strongly suggested we take it…subsequently the deal has kinda changed, in connection with the regulations and the rules they wanna apply to companies that take the TARP money…we don’t need (the money), we don’t need those additional rules and regulations.” (emphasis mine)

“We never engaged in any shady things…we make loans to customers that can pay you back. That’s the way we do business.”

(Just a thought – TCF Financial’s ticker symbol is “TCB”)

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03/05/2009 - Posted by | Uncategorized

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