The Firm represented the initial purchasers, led by J.P. Morgan and Morgan Stanley, in connection with the Section 3(a)(2) exempt offering of $150 million aggregate principal amount of 4.6% Subordinated Bank Notes due 2025 by TCF National Bank.

TCF Bank, a national bank and wholly owned subsidiary of TCF Financial Corporation (NYSE: TCB), has 379 bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana, providing retail and commercial banking services. TCF Bank also conducts commercial leasing, equipment finance and auto finance business in all 50 states and commercial inventory finance business through a subsidiary in the U.S. and Canada.

The Simpson Thacher team included Lee Meyerson, Lesley Peng, Jo Djekovic and Erica Lee (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jamin Koslowe and Joo Hyun Lee (Executive Compensation and Employee Benefits); Jonathan Cantor and George Davis (Tax); and Jennie Getsin (FINRA and Blue Sky).