Operations
TCF's lending is focused on assets such as commercial loans and leases while they seek lower cost deposits such as checking accounts as a source of funds. They hope to attract these deposits through longer hours of operation. Most branches are open 80 hours a week including Saturdays and Sundays.
TCF's major sources of non-interest (fee) income are overdraft fees, VISA interchange fees, and lending and leasing origination fees. Historically ATM fees were also a major source of income, but industry-wide this has fallen over the last several years, and TCF is no exception.
TCF earns only 64% of its income from interest; this limits TCF's exposure to interest rate shifts.
Read more about this topic: TCF Financial Corporation
Famous quotes containing the word operations:
“There is a patent office at the seat of government of the universe, whose managers are as much interested in the dispersion of seeds as anybody at Washington can be, and their operations are infinitely more extensive and regular.”
—Henry David Thoreau (1817–1862)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)