TCF National Bank -- Moody's downgrades TCF (bank deposits to Baa1)

New York, May 13, 2013 -- Moody's Investors Service downgraded the long-term ratings of TCF National Bank. TCF National Bank's standalone bank financial strength rating/baseline credit assessment was downgraded to C-/baa1 from C/a3. The bank's long-term deposit rating was downgraded to Baa1 from A3. The bank's short-term Prime-2 rating, which was not under review, was affirmed. This concludes the review that was initiated on February 15, 2013. The rating outlook is stable. TCF National Bank is the primary operating subsidiary of unrated TCF Financial Corporation.

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