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This excerpt taken from the TCB 10-K filed Feb 18, 2009. Competition TCF competes with a number of depository institutions and financial
service providers in its market areas, and experiences significant competition
in attracting and retaining deposits and in lending funds. Direct competition
for deposits comes primarily from retail banks, commercial banks, savings
institutions, credit unions and investment banks. Additional significant
competition for deposits comes from institutions selling money market mutual
funds and corporate and government securities. TCF competes for the origination
of loans with commercial banks, mortgage bankers, mortgage brokers, consumer
and commercial finance companies, credit unions, insurance companies and
savings institutions. TCF also competes nationwide with other companies and
commercial banks in the financing of equipment and inventory. Expanded use of
the Internet has increased competition affecting TCF and its loan, lease and
deposit products. Additionally, in 2008, several non-banking institutions
became bank holding companies and began offering deposit products. The impact
of this increased competition has not yet been determined.
These excerpts taken from the TCB 10-K filed Feb 15, 2008. Competition
TCF competes with a number of depository institutions and financial
service providers in its market areas, and experiences significant competition
in attracting and retaining deposits and in lending funds. Direct competition
for deposits comes primarily from retail banks, commercial banks, savings
institutions, credit unions and investment banks. Additional significant
competition for deposits comes from institutions selling money market mutual
funds and corporate and government securities. TCF competes for the origination
of loans with commercial banks, mortgage bankers, mortgage brokers, consumer
and commercial finance companies, credit unions, insurance companies and
savings institutions. TCF also competes nationwide with other leasing and
equipment finance companies and commercial banks in the financing of equipment.
Expanded use of the Internet has increased competition affecting TCF and its
loan, lease and deposit products.
Competition TCF competes with a number of depository institutions and financial service providers in its market areas, and experiences significant competition in attracting and retaining deposits and in lending funds. Direct competition for deposits comes primarily from retail banks, commercial banks, savings institutions, credit unions and investment banks. Additional significant competition for deposits comes from institutions selling money market mutual funds and corporate and government securities. TCF competes for the origination of loans with commercial banks, mortgage bankers, mortgage brokers, consumer and commercial finance companies, credit unions, insurance companies and savings institutions. TCF also competes nationwide with other leasing and equipment finance companies and commercial banks in the financing of equipment. Expanded use of the Internet has increased competition affecting TCF and its loan, lease and deposit products.
This excerpt taken from the TCB 10-K filed Feb 27, 2007. Competition
TCF competes with
a number of depository institutions and financial service providers in its
market areas, and experiences significant competition in attracting and
retaining deposits and in lending funds. Direct competition for deposits comes
primarily from retail banks, commercial banks, investment banks, credit unions
and savings institutions. Additional significant competition for deposits comes
from institutions selling money market mutual funds and corporate and
government securities. TCF competes for the origination of loans with
commercial banks, mortgage bankers, mortgage brokers, consumer and commercial finance
companies, credit unions, insurance companies and savings institutions. TCF
also competes nationwide with other leasing and equipment finance companies and
commercial banks in the financing of equipment. Expanded use of the Internet
has increased competition affecting TCF and its loan, lease and deposit
products.
This excerpt taken from the TCB 10-K filed Feb 28, 2006. Competition
TCF competes with a
number of depository institutions and financial service providers in its market
areas, and experiences significant competition in attracting and retaining deposits
and in lending funds. Direct competition for deposits comes primarily from
other commercial banks, investment banks, credit unions and savings
institutions. Additional significant competition for deposits comes from
institutions selling money market mutual funds and corporate and government
securities. TCF competes for the origination of loans with commercial banks, mortgage
bankers, mortgage brokers, consumer and commercial finance companies, credit
unions, insurance companies and savings institutions. TCF also competes
nationwide with other leasing and equipment finance companies and commercial
banks in the financing of high-technology and other equipment. Expanded use of
the internet has increased potential competition affecting TCF and its loan,
lease and deposit products.
This excerpt taken from the TCB 10-K filed Feb 28, 2005. Competition
TCF competes with a number of depository institutions and financial service providers in its market areas, and experiences significant competition in attracting and retaining deposits and in lending funds. TCF believes the primary factors in competing for deposits are the ability to offer attractive rates and products, convenient customer service locations
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and supporting data processing systems and services. Direct competition for deposits comes primarily from other commercial banks, investment banks, credit unions and savings institutions. Additional significant competition for deposits comes from institutions selling money market mutual funds and corporate and government securities. The primary factors in competing for loans are interest rates, fees and the range of services offered. TCF competes for the origination of loans with commercial banks, mortgage bankers, mortgage brokers, consumer and commercial finance companies, credit unions, insurance companies and savings institutions. TCF also competes nationwide with other leasing companies in the financing of high-technology and other equipment. Expanded use of the internet has increased the potential competition affecting TCF and its loan, lease and deposit products.
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