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TCF Capital Solutions provides financing solutions to small and mid-size companies

Leasing and equipment finance continue to be an important revenue source for TCF and consists of TCF Capital Solutions, a division of TCF National Bank, and Winthrop Resources Corporation. These companies, with their combined stable portfolio, are the 15th largest bank-affiliated equipment finance company in the U.S. in asset size1 and provide the foundation of TCF's national lending businesses. Through their diversified marketing and sales strategy, they cover a broad range of the major equipment sectors for lease and loan financing primarily throughout the United States. Over the last 12 months, the combined companies grew the portfolio $328.9 million, or 8.0%2.

TCF Capital Solutions, a division of TCF National Bank (TCF) headquartered in Minnetonka, Minnesota, was established in 1999 and provides a full array of finance products nationwide to numerous industry segments, including: airport ground support, agriculture, commercial marine, construction and environmental services, discounting, franchise, golf, healthcare, manufacturing, material handling, municipalities, specialty vehicles, syndications and transportation. TCF offers financing solutions to companies through programs with vendors and manufacturers as well as to customers direct. Through its Capital Markets team, TCF has acquired selected portfolios as part of its strategic plan for growth. Consistently strong performance in new business origination, portfolio performance and net income levels has been a hallmark for TCF. The leadership is focused on continuing its culture of excellence and growth by developing its team members, investing in systems and process improvements, growing its core business and expanding into new markets, segments, and products. Recognized as one of the premier equipment finance companies in the United States with sales and regional offices nationwide, this division continues to achieve record growth. TCF has been previously named to the Star Tribune “Top Workplaces” — a list of the 100 best places to work in the Minneapolis/St. Paul metro area.

Winthrop Resources Corporation, established in 1982 and acquired by TCF in 1997, focuses on providing customized, technology lease financing to mid-size and larger companies across a wide array of industries including healthcare, higher education, professional services and retail. Acquiring Fidelity National Capital Inc. in 2009, Winthrop added Professional Services and a Bank Marketing Partner Program to its product offering. Today, beyond financing hardware, equipment, services and software, Winthrop’s knowledgeable and experienced teams also serve a growing client base with ancillary services including complete asset lifecycle management and leased equipment tracking through the web-based TRACtion tool. In 2010, Winthrop earned the Equipment Leasing and Finance Association’s Operations and Technology Excellence Award for the development and implementation of a robust technical platform capable of handling over a million leased assets and several thousand customers. Since 2011, Winthrop has been annually recognized as HFMA (Healthcare Financial Management Association) Peer Reviewed — a designation held in the highest regard by hospital CFOs and is based on effectiveness, quality and usability, price, value, and customer and technical support.

Leasing and Equipment Finance Statistics:

($ in millions, quarterly data) 3/31/16 6/30/16 9/30/16 12/31/16 3/31/17
Portfolio assets2 $4,137 $4,256 $4,380 $4,512 $4,466
Originations3 $415 $567 $562 $593 $406
Uninstalled backlog $499 $509 $501 $454 $499

Leasing and Equipment Finance Total Portfolio:2

Loan and Lease Originations and Purchases3


1: Source: The Monitor, 2016 Monitor Bank 50
2: Includes operating leases and excludes loans held for sale
3: Includes operating leases