People: TCF Financial Corp (TCB)
TCB on New York Consolidated
14.13USD
22 May 2013
14.13USD
22 May 2013
Price Change (% chg)
$-0.35 (-2.42%)
$-0.35 (-2.42%)
Prev Close
$14.48
$14.48
Open
$14.51
$14.51
Day's High
$14.74
$14.74
Day's Low
$14.12
$14.12
Volume
1,476,356
1,476,356
Avg. Vol
1,350,491
1,350,491
52-wk High
$15.31
$15.31
52-wk Low
$9.59
$9.59
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
William Cooper |
69 | 2008 | Chairman of the Board, Chief Executive Officer |
Thomas Jasper |
44 | 2012 | Vice Chairman of the Board, Executive Vice President - Funding, Operations and Finance |
Craig Dahl |
58 | 2012 | Vice Chairman of the Board, Executive Vice President - Lending |
Michael Jones |
44 | 2012 | Chief Financial Officer, Executive Vice President |
Barry Winslow |
65 | 2012 | Vice Chairman - Corporate Development, Director |
Earl Stratton |
65 | 2012 | Chief Operating Officer, Executive Vice President |
David Stautz |
55 | 2012 | Senior Vice President, Chief Risk Officer, Assistant Treasurer; Executive Vice President and Managing Director - Corporate Development of the Bank |
Susan Bode |
2012 | Principal Accounting Officer | |
Mark Nyquist |
56 | 2012 | Executive Vice President and Chief Lending Officer of TCF Bank |
Barbara Shaw |
57 | 2009 | Executive Vice President - Corporate Human Resources of TCF Bank |
Joseph Green |
58 | 2011 | Secretary |
Gerald Schwalbach |
68 | 2012 | Lead Independent Director |
Raymond Barton |
64 | 2011 | Independent Director |
Peter Bell |
61 | 2009 | Independent Director |
William Bieber |
70 | 1997 | Independent Director |
Theodore Bigos |
60 | 2008 | Independent Director |
Thomas Cusick |
68 | 2002 | Independent Director |
Karen Grandstrand |
58 | 2010 | Independent Director |
George Johnson |
70 | 1998 | Independent Director |
Vance Opperman |
70 | 2009 | Independent Director |
James Ramstad |
66 | 2011 | Independent Director |
Richard Zona |
68 | 2011 | Independent Director |
Biographies
| Name | Description |
|---|---|
William Cooper |
Mr. William A. Cooper is Chairman of the Board, Chief Executive Officer of TCF Financial Corp. He has been a Director and the Chairman of the Board of TCF Financial since its formation in 1987. He has served as the Chief Executive Officer (“CEO”) of TCF Financial since July 2008 and also served as CEO from 1987 until his temporary retirement on December 31, 2005. Mr. Cooper continued to serve as non-executive Chairman of TCF Financial during his brief retirement. He has also been the Chairman and Chief Executive Officer of TCF Bank since August 2012 and was the Chief Executive Officer of TCF Bank from 1985 to 1993. He is a director and controlling shareholder of C Financial Corporation, the holding company of Cooper State Bank. Cooper State Bank is a state bank organized under the laws of the State of Ohio. |
Thomas Jasper |
Mr. Thomas F. Jasper is the Vice Chairman of the Board, Executive Vice President - Funding, Operations and Finance of TCF Financial Corp. He has served as Vice Chairman and Executive Vice President, Funding, Operations and Finance of TCF Financial since January 1, 2012. Prior to that, Mr. Jasper was Executive Vice President and Chief Financial Officer of TCF Financial from 2007 to 2011. During the period from 2001 to January 2007, Mr. Jasper was Executive Vice President and Chief Financial Officer of TCF Equipment Finance, Inc. and Executive Vice President of Winthrop Resources Corporation. Prior to joining TCF Equipment Finance, Inc. in 2001, he held various positions at KPMG LLP, last serving as a Senior Manager. |
Craig Dahl |
Mr. Craig R. Dahl serves as Vice Chairman of the Board, Executive Vice President - Lending of TCF Financial Corp., since January 1, 2012. From 2010 to 2011, he was Executive Vice President, Wholesale Banking of TCF Financial. Mr. Dahl has also been the Chairman of TCF Inventory Finance, Inc. since 2008, Chairman and Chief Executive Officer of Winthrop Resources Corporation since 2003, Chairman of TCF Equipment Finance, Inc. since 2008, and Chairman of Gateway One Lending and Finance, LLC since 2011, all of which are wholly-owned subsidiaries of TCF Bank. Mr. Dahl was also the Chief Executive Officer of TCF Equipment Finance, Inc. from 2005 until December 2012. Since 1999, he has been an Executive Vice President of TCF Financial. |
Michael Jones |
Mr. Michael S. Jones serves as Chief Financial Officer, Executive Vice President of TCF Financial Corp., since January 1, 2012. Mr. Jones has also been Executive Vice President and Chief Financial Officer of TCF Equipment Finance, Inc. since 2008 and Executive Vice President and Treasurer of Winthrop Resources Corporation since 2008 and 2011, respectively, each a wholly-owned subsidiary of TCF Bank. From April 2008 to December 2008, prior to joining TCF, Mr. Jones was Operations Controller in charge of the finance function for PACCAR Financial Services, the finance arm of PACCAR, Inc., a manufacturer of premium commercial vehicles. From October 2002 to April 2008, Mr. Jones worked at various subsidiaries of General Electric Company, a diversified technology and financial services company, serving as the Chief Financial Officer of GE Real Estate Business Property from August 2005 to April 2008, and Global Controller of Fleet Service from October 2002 to August 2005. |
Barry Winslow |
Mr. Barry N. Winslow is Vice Chairman - Corporate Development, Director of TCF Financial Corp. He has been a Director since 2008 and has served as Vice Chairman, Corporate Development of TCF Financial since January 2012. Mr. Winslow has been a Vice Chairman of TCF since 2008, and served as the Chief Risk Officer of TCF Financial from 2010 through 2011. From 2009 to 2010, he was responsible for TCF’s Wholesale Banking business. From January 2008 to July 2008, Mr. Winslow was a financial consultant for several banks, including TCF. In this role, his primary focus was advice, analysis, and strategic plan input related to mergers and acquisitions, as well as strategies for non-performing asset dispositions. He previously held the positions of Chief Operating Officer of TCF Financial from 2006 to 2007, Chief Executive Officer of TCF Bank from 2001 to 2005, and President of TCF Bank from 1998 to 2005. He held additional positions with TCF affiliates including President of TCF Bank – Michigan from 1995 to 1998 and President and Chief Executive Officer of TCF Bank – Illinois from 1993 to 1995. Prior to joining TCF, Mr. Winslow was a senior vice president with Huntington National Bank. He has served as a director of Cooper State Bank since 2005 and Sit Mutual Funds since 2010. Mr. Winslow has also served as an adjunct professor of finance at several universities, including Ohio State, Cincinnati, Xavier, and North Texas. |
Earl Stratton |
Mr. Earl D. Stratton serves as Chief Operating Officer, Executive Vice President of TCF Financial Corp. He has been an Executive Vice President of TCF Financial since 1995 and TCF Bank since 2011 and the Chief Privacy Officer of TCF Financial and TCF Bank since April 2008. He was Chief Information Officer of TCF Financial from 1995 through 2011 and TCF Bank from 2001 until 2011. Prior to that, he was a Senior Vice President of TCF Financial from 1985 to 1995 and a Senior Vice President of TCF Bank from 1985 to 2001. Mr. Stratton is a member of the boards of directors of Cooper State Bank and Medica, a non-profit health care holding company operating in Minnesota, Wisconsin, North Dakota, and South Dakota. In his current position, Mr. Stratton is responsible for branch banking, information technology, bank operations, facilities, ATMs, and card services. |
David Stautz |
Mr. David M. Stautz is Senior Vice President, Chief Risk Officer, Assistant Treasurer of the TCF Financial Corp., and Executive Vice President and Managing Director - Corporate Development of the TCF Bank. He was elected the Chief Risk Officer in November 2012 for TCF Financial and TCF Bank. He has responsibilities for Enterprise Risk Management and coordination with regulators and auditors. Prior to becoming the Chief Risk Officer, Mr. Stautz had been the Senior Vice President, Controller and Managing Director of Corporate Development of TCF Financial and Executive Vice President, Controller and Managing Director of Corporate Development of TCF Bank since August 2011. Mr. Stautz had been the Senior Vice President and Controller of TCF Financial since 1999. He had been an Executive Vice President of TCF Bank since 2007 and Controller of TCF Bank since 2000. Additionally, Mr. Stautz was Assistant Treasurer of TCF Financial and TCF Bank from 1999 to August 2011. |
Susan Bode |
Ms. Susan D. Bode serves as the Principal Accounting Officer of TCF Financial Corp. She was elected Senior Vice President and Chief Accounting Officer of TCF Financial in November 2012. Ms. Bode has also served as Executive Vice President and Chief Accounting Officer of TCF Bank since November 2012. Prior to being elected Executive Vice President in November 2012, she was a Senior Vice President of TCF Bank since April 2010. She has served as Chief Accounting Officer of TCF Bank since April 2010. Prior to joining TCF Bank, Ms. Bode served as Managing Director with the finance group of Residential Capital, LLC, a division of GMAC LLC, engaged principally in mortgage financing activities since 2007. |
Mark Nyquist |
Mr. Mark D. Nyquist serves as Executive Vice President and Chief Lending Officer of TCF Bank, a subsidiary of TCF Financial Corp. He has been an Executive Vice President of TCF Bank since January 2012. Prior to becoming Chief Lending Officer, he had been Chief Credit Officer since January 2012. Since 2000, he has also been Executive Vice President and Chief Credit Officer of TCF Equipment Finance, Inc. and Senior Vice President of Winthrop Resources Corporation. In addition, he has had portfolio management responsibilities for TCF Equipment Finance, Inc. |
Barbara Shaw |
Ms. Barbara E. Shaw is Executive Vice President - Corporate Human Resources of TCF Bank, a subsidiary of TCF Financial Corp. She has been Senior Vice President – Director of Corporate Human Resources of TCF Financial since December 1999 and Executive Vice President of Corporate Human Resources for TCF Bank. From 1998 to her election in 1999, she was Vice President – Human Resources of TCF Financial. As Director of Corporate Human Resources, Ms. Shaw oversees all human resources disciplines including recruiting, employee relations, payroll, benefits, compensation, and employee development. Ms. Shaw assumed oversight of the TCF Foundation in January 2012. |
Joseph Green |
Mr. Joseph T. Green is Secretary of TCF Financial Corp. He has been Secretary of TCF Financial since 2011 and has been General Counsel of TCF Financial since 2009, and a Senior Vice President of TCF Financial since 2008. Since 2001, Mr. Green has also served as General Counsel and Secretary of TCF Bank, and has been an Executive Vice President of TCF Bank since 2010. |
Gerald Schwalbach |
Mr. Gerald A. Schwalbach is Lead Independent Director of TCF Financial Corp. He has been a Director of TCF Financial since 1999 and was appointed the Lead Director in February 2012. He is currently the Chair of both the Audit and Risk Committees and a member of the BSA Compliance, Compensation/Nominating/Corporate Governance, Executive, and Finance Committees. Mr. Schwalbach has been the Chairman of the Board of Spensa Development Group, LLC, a real estate management company, since the company’s formation in 2003, and manages related companies that are engaged in the real estate business. From 1997 to 2009, he was a director of C.H. Robinson Worldwide, Inc., a logistics and transportation company. In these positions and others, Mr. Schwalbach developed experience in finance and tax matters relating to real estate. |
Raymond Barton |
Mr. Raymond L. Barton is Independent Director of TCF Financial Corp. He is currently a member of the Bank Secrecy Act (“BSA”) Compliance, Compensation/Nominating/Corporate Governance, Executive, and Finance Committees. He has been the Chairman of the Board of Great Clips, Inc., an operator and franchiser of hair salons, since 1998 and also served as its Chief Executive Officer from 1998 to January 2011. Mr. Barton was President of Great Clips, Inc. from 1983 to 1998. Previously, he served as a vice president at Questex Energy from 1982 to 1983 and Treasurer at Century 21 Real Estate North Central States from 1978 to 1982. He was a member of the accounting firm Alexander Grant & Co. (now Grant Thornton) from 1972 to 1978. He was a member of the Board of Directors of Children’s Hospitals and Clinics of Minnesota from 2005 to 2012, and Chairman of the Board from 2010 to 2011. |
Peter Bell |
Mr. Peter Bell is Independent Director of TCF Financial Corp. He is currently a member of the BSA Compliance and Finance Committees. Since December 2010, Mr. Bell has served as Senior Advisor to the Center of the American Experiment, a public policy institution. From 2003 until December 2010, he was the chair of the Metropolitan Council, a regional agency serving the Minneapolis/St. Paul metropolitan area, that operates the bus, wastewater, and parks systems, and administers funds for affordable housing opportunities, and he was responsible for strategic long-range growth planning for the Minneapolis/St. Paul metropolitan area. Formerly, he was executive vice president at Hazelden Publishing and Educational Services from 1999 to 2002 and Executive Vice President of Corporate Community Relations at TCF National Bank, a wholly-owned national bank subsidiary of TCF Financial (“TCF Bank”), from 1994 to 1999. He was the co-founder and executive director of the Institute on Black Chemical Abuse and has authored and published numerous books on chemical dependence. He is a former member of the Board of Regents of the University of Minnesota, serves as the chair of the American Refugee Committee, and serves on the board of directors of the Friends of Education, the United Way, and many other local and national social and civic organizations. |
William Bieber |
Mr. William F. Bieber is Independent Director of TCF Financial Corp. He is currently a member of the BSA Compliance, Compensation/Nominating/Corporate Governance, and Finance Committees. He is currently Chairman of the Board of ATEK Companies, Inc., a Minnesota-based organization supplying various products to the commercial, medical, and industrial marketplace, a position he has held since 1984. As the Chief Executive Officer and owner of Acrometal Products, a position he first held in 1973, Mr. Bieber acquired numerous manufacturing and production entities, expanding the business that would become the ATEK family of companies. He previously served as President of the Board of Hammer Residences Inc. and as a cabinet member to the Minneapolis United Way. In these roles, Mr. Bieber obtained years of management experience and financial experience. |
Theodore Bigos |
Mr. Theodore J. Bigos is Independent Director of TCF Financial Corp. He is currently a member of the BSA Compliance, Compensation/Nominating/Corporate Governance, and Finance Committees. He is the owner of Bigos Management, Inc., an apartment ownership and management firm located in Minnesota, and he has been involved in the ownership or operation of apartment complexes for the past 40 years. |
Thomas Cusick |
Mr. Thomas A. Cusick is Independent Director of TCF Financial Corp. He is currently a member of the Audit, BSA Compliance, Finance, and Risk Committees. He was Chief Operating Officer of TCF Financial from 1997 to 2002 and Vice Chairman from 1993 to 2002. Mr. Cusick served as President of TCF Financial from its formation in 1987 until 1993. He also served as Chief Executive Officer of TCF Bank from 1993 to 1996. Mr. Cusick retired as an executive of TCF Financial in 2002. Mr. Cusick contributes unique knowledge to the Board obtained during his 40-year career in banking with a special focus on retail banking and technology. |
Karen Grandstrand |
Ms. Karen L. Grandstrand is Independent Director of TCF Financial Corp. She is currently the Chair of the BSA Compliance Committee and a member of the Audit, Executive, Finance, and Risk Committees. She is a shareholder in the Minneapolis law firm of Fredrikson & Byron, P.A. and chair of the firm’s Bank and Finance Group. Prior to joining the firm in 1999, Ms. Grandstrand was Senior Vice President of the Banking Supervision and Risk Management Departments at the Federal Reserve Bank of Minneapolis, where she worked from 1985 to 1999. She served as a director of Thrivent Financial Bank from 2006 to 2010 and has also served as a director for various Minnesota civic and educational entities. |
George Johnson |
Mr. George G. Johnson is Independent Director of TCF Financial Corp. He is currently a member of the Audit, BSA Compliance, Finance, and Risk Committees. Mr. Johnson is a certified public accountant and Managing Director of George Johnson & Company, a certified public accounting firm which he founded in 1971, and George Johnson Consultants, a consulting firm which he founded in 1995. He serves as a director for various civic and educational organizations in the Detroit, Michigan area. |
Vance Opperman |
Mr. Vance K. Opperman is Independent Director of TCF Financial Corp. He is currently the Chair of the Compensation/Nominating/Corporate Governance Committee and a member of the Audit, BSA Compliance, Executive, Finance, and Risk Committees. He is President and Chief Executive Officer of Key Investment, a private investment company involved in publishing and other activities, a position he has held since 1996. From 1993 to 1996, he was President of West Publishing Company, a provider of legal and business information research now owned by Thomson Reuters. He has served on the Board of Directors for Thomson Reuters since 1996 and is currently the chair of the audit committee for that board. He also serves on the Board of Directors of Blue Cross Blue Shield of Minnesota and currently serves as Chair of the Board, and served as the chair of the CEO selection committee and chair of the business development committee. |
James Ramstad |
Mr. James M. Ramstad serves as Independent Director of TCF Financial Corp., since October 17, 2011. Mr. Ramstad is currently a member of the BSA Compliance and Finance Committees. He served nine terms as Minnesota Congressman in the U.S. House of Representatives from 1991 to 2009, during which time he was a member of the House Ways and Means Committee, Health and Trade Subcommittees, and Chairman of the IRS Oversight Committee. Mr. Ramstad is currently a Senior Policy Advisor to the Hazelden Foundation and the National Association of Drug Court Professionals, as well as a Senior Advisor to alliantgroup, LLC, a provider of specialty tax services. |
Richard Zona |
Mr. Richard A. Zona is Independent Director of TCF Financial Corp. He is currently the Chair of the Finance Committee and a member of the Audit, BSA Compliance, Executive, and Risk Committees. Mr. Zona held the position of Vice Chairman of Wholesale Banking and Wealth Management for U.S. Bancorp from 1996 until his retirement in 2000. He joined U.S. Bancorp in 1989 as Executive Vice President and Chief Financial Officer, and from 1991 to 1996 served as Vice Chairman and Chief Financial Officer of U.S. Bancorp. Mr. Zona practiced as a certified public accountant with Ernst & Young from 1970 to 1989 and was admitted to partnership in 1979. While at Ernst & Young, Mr. Zona served as National Director of the firm’s financial institutions practice. He has served on the boards of ING Direct Bank fsb (USA), New Century Financial Corporation from 2000 to 2007, Piper Jaffray Companies from 2004 to 2005, Polaris Industries Inc. from 2000 to 2007, and ShopKo Stores Inc. from 2003 to 2006. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
William Cooper |
6,267,150 |
Thomas Jasper |
2,822,140 |
Craig Dahl |
2,816,030 |
Michael Jones |
1,730,750 |
Barry Winslow |
1,565,500 |
Earl Stratton |
832,252 |
David Stautz |
-- |
Susan Bode |
-- |
Mark Nyquist |
-- |
Barbara Shaw |
-- |
Joseph Green |
-- |
Gerald Schwalbach |
-- |
Raymond Barton |
-- |
Peter Bell |
-- |
William Bieber |
-- |
Theodore Bigos |
-- |
Thomas Cusick |
1,138,220 |
Karen Grandstrand |
-- |
George Johnson |
-- |
Vance Opperman |
-- |
James Ramstad |
-- |
Richard Zona |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
William Cooper |
305,000 | 893,455 |
Thomas Jasper |
0 | 0 |
Craig Dahl |
80,000 | 139,550 |
Michael Jones |
0 | 0 |
Barry Winslow |
90,000 | 451,352 |
Earl Stratton |
0 | 0 |
David Stautz |
0 | 0 |
Susan Bode |
0 | 0 |
Mark Nyquist |
0 | 0 |
Barbara Shaw |
0 | 0 |
Joseph Green |
0 | 0 |
Gerald Schwalbach |
0 | 0 |
Raymond Barton |
0 | 0 |
Peter Bell |
0 | 0 |
William Bieber |
0 | 0 |
Theodore Bigos |
0 | 0 |
Thomas Cusick |
130,000 | 430,441 |
Karen Grandstrand |
0 | 0 |
George Johnson |
0 | 0 |
Vance Opperman |
0 | 0 |
James Ramstad |
0 | 0 |
Richard Zona |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
COOPER WILLIAM ALLEN |
231,944 | $15.00 |
COOPER WILLIAM ALLEN |
268,056 | $15.00 |
JASPER THOMAS F |
17,500 | $15.00 |
GREEN JOSEPH T |
3,500 | $0.00 |
SHAW BARBARA E |
2,500 | $0.00 |
STAUTZ DAVID M |
3,000 | $0.00 |
OPPERMAN VANCE K |
1,436 | $14.80 |
BIEBER WILLIAM F |
667 | $14.80 |
CUSICK THOMAS A |
760 | $14.80 |
BIGOS THEODORE J |
693 | $14.80 |
BARTON RAYMOND L |
828 | $14.80 |
GRANDSTRAND KAREN L |
1,368 | $14.80 |
ZONA RICHARD A |
1,030 | $14.80 |
WINSLOW BARRY N |
8,813 | $0.00 |
NYQUIST MARK D |
1,378 | $14.80 |
SHAW BARBARA E |
394 | $14.80 |
STAUTZ DAVID M |
2,009 | $14.80 |
JASPER THOMAS F |
8,813 | $0.00 |
STRATTON EARL D |
5,038 | $0.00 |
GREEN JOSEPH T |
2,268 | $0.00 |
DAHL CRAIG R |
11,330 | $0.00 |
CUSICK THOMAS A |
300 | $0.00 |
CUSICK THOMAS A |
1,659 | $14.02 |
CUSICK THOMAS A |
10,875 | $14.03 |
CUSICK THOMAS A |
7,466 | $14.04 |

