TCF Inventory Finance Names Victor Rivera as Chief Sales Officer

TCF Inventory Finance, Inc. (TCFIF), a subsidiary of TCF National Bank (TCF Bank) and an indirect subsidiary of TCF Financial Corporation (NASDAQ: TCF), today names Victor Rivera as chief sales officer. In this role, Rivera is responsible for sales management in the United States and Canada, including generation of incremental income through strategic new business development, existing program growth, and achieving and maintaining successful customer relationships.

“I am pleased to welcome Victor Rivera to the inventory finance team,” said Jay Deverell, CEO at TCF Inventory Finance. “His experience and leadership will help to grow our business by developing the overall sales team, expanding our markets, and aligning company goals with exceptional customer experience to ensure successful business partnerships.”

Rivera joins TCF Bank with more than 20 years of experience in banking and finance. He has held leadership roles at Wells Fargo Commercial Distribution Finance and progressively advancing roles at GE Capital in Industrial Financing Solutions, Equipment Finance, Transportation Finance, Commercial Finance and Retail Finance.

“I am excited for this remarkable opportunity to join a company that consistently proves its strength while serving its clients with pride,” said Victor Rivera, chief sales officer at TCF Inventory Finance. “I look forward to combining my talents with the team and growing the business together.”

Rivera earned his MBA from Thunderbird University School of International Management in Arizona and holds a bachelor’s degree in Industrial and Systems Engineering from ITESM CEM in Mexico. He is trained in corporate leadership and is a certified Six Sigma Black Belt.

About TCF Inventory Finance

TCFIF is a Schaumburg, Illinois-based commercial inventory finance company offering inventory financing solutions to manufacturers, distributors and dealers in all 50 states and Canada. The company specializes in financing powersports, lawn and garden, recreational and specialty vehicles, marine products, construction, agriculture and consumer electronics and appliances. For more information about TCFIF, please visit tcfif.com.

About TCF Financial Corporation

TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $46 billion in total assets and a top 10 deposit market share in the Midwest as of September 30, 2019. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 500 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Arizona, Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. For more information, visit tcfbank.com.

Contacts

Tom Wennerberg (248) 498-2872 news@tcfbank.com (Media)

Timothy Sedabres (952) 745-2766 investor@tcfbank.com (Investors)