TCF Financial Corporation (TCB) Insider Raises Holdings By Over 1,200 Shares

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TCF Financial Corporation (NYSE:TCB) saw an insider improve his position in the company today. The Director Richard A. Zona acquired 1,290.3 shares of common stock at an average price of $15.5 per share. Following this move, Zona holds a total of 34,850.9 shares indirectly; while holding 30,000 shares directly.
A $2.54 billion market cap company, TCF Financial Corporation (NYSE:TCB) is a national bank holding company with bank branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota. TCF’s focus is on the delivery of retail and commercial banking products in markets served by TCF Bank. TCF also conducts commercial leasing and equipment finance business in all 50 states and, to a limited extent, in foreign countries, commercial inventory finance in the United States and Canada, and indirect auto finance business in over 30 states.
In addition, the largest institutional investor involvement in the company comes from Lee Munder‘s Lee Munder Capital Group, which holds around 2.4 million shares worth approximately $40 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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