TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank
and an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE:
TCB), today announced that it has entered into a multi-year agreement
with Independent Boat Builders, Inc. (“IBBI”). TCFIF will provide
wholesale floorplan financing solutions to the 22 boat manufacturers
that are members of IBBI in the United States and Canada.
“We are very excited to begin this relationship with IBBI,” said Ross
Perrelli, President and Chief Executive Officer of TCFIF. “I am highly
confident that our dedication to our customers and strong commitment to
the marine industry make TCFIF the best choice for IBBI and its members.”
The agreement with IBBI is a further demonstration of TCFIF’s continued
intent to expand its presence in the marine industry.
“Both TCFIF and IBBI take tremendous pride in what we do, and that is
what makes this a great business partnership,” stated Tom Broy,
President of IBBI. “Both companies focus on providing top-notch and
dependable programs and services that will help the industry continue to
For marine manufacturer and dealer inquiries in the U.S. and Canada,
please contact either Peter Kelley, General Manager for the marine
industry, at (877) 800-4430 or email@example.com,
or Bob Bejesky, National Relationship Manager, at (231) 944-5415 or firstname.lastname@example.org.
About TCF Inventory Finance, Inc.
TCFIF is a premier
inventory finance company offering a full range of inventory financing
solutions to manufacturers, distributors and their dealers throughout
the United States and Canada in the lawn and garden industry, the
powersports industry, the recreation vehicle industry, the marine
products industry and the consumer electronics and appliances industry.
For more information about TCFIF, please visit www.tcfif.com.
About TCF Financial Corporation
TCFIF is an indirect
subsidiary of TCF, a Wayzata, Minnesota-based national bank holding
company with $17.8 billion in total assets at March 31, 2012. The
company has over 430 branches in Minnesota, Illinois, Michigan,
Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail
and commercial banking services. TCF, through its subsidiaries, also
conducts commercial leasing and equipment finance business and leverage
lending in all 50 states, commercial inventory finance business in the
U.S. and Canada, and indirect auto finance business in over 30 states.
For more information about TCF, please visit www.tcfbank.com.
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