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:
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)
“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)