TCF Financial (TCB) Lowers its Prime Rate
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TCF Financial Corporation (NYSE: TCB) announced on behalf of its subsidiary banks that it has lowered its prime rate, sometimes referred to as commercial base rate, to 4.50% from 5.00%, effective today, October 8, 2008.
TCF is a Wayzata, Minnesota-based national financial holding company with $16.5 billion in total assets. [SM]
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