What are the primary sources of funding for TCF bank? Please include link(s) of sources you...

Question

Question

What are the primary sources of funding for TCF bank?

Please include link(s) of sources you found the information from.

Answer 1

Answer #1

The primary sources of funding for TCF bank are

1. Bank deposits as a low cost and stable source of funding- Large low-cost deposit base.

2. Deposits from consumers and small businesses

3. Dividends- The firm uses to pay dividends on its preferred and common stock and to meet its other cash needs.

4. Other capital distributions.

5. Auto loan securitization.

6. Checking, savings and money market deposits

link(s) of sources i found the information from-Annual Report

Answer 2

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