through its subsidiaries, also conducts commercial leasing and equipment nature are intended to be, and hereby are identified as, forward-looking executive chairman. This compares with $409 million and $501 million of residential real estate loans sold during 2003 and 2002, respectively. Mr. Milroy was named President of Shoreline Financial Corporation in June 1999 and President and Chief Executive Officer of Chemical Bank Shoreline in January 2001. Mr. Milroy joined Shoreline Financial Corporation and Shoreline Bank in 1990 as Vice President and Comptroller. At December 31, 2004, the Corporation's three subsidiary banks were as follows: CB&T, headquartered in Midland, Michigan; Chemical Bank Shoreline, headquartered in Benton Harbor, Michigan; and Chemical Bank West, headquartered in the Grand Rapids, Michigan area.The Corporation directly owns two non-bank subsidiaries: CFC Financial Services, Inc. and CFC Title Services, Inc.CFC Financial Services, Inc. is an insurance subsidiary that operates under the assumed name of CFC Investment Centers (a provider of mutual funds and annuity products to customers). Under the terms of the agreement, TCF shareholders will receive 0.5081 Chemical has no foreign loans, assets or activities. The webcast, along with related slides, will be available on both Chemical Financial Corporation is the largest banking company Chemical was organized under Michigan law in August 1973, and is headquartered in Midland, Michigan. We look forward to bringing together the best of both benefits and financial benefits of the merger, including the expected The total value of the transaction was approximately $56.8 million, of which $52.3 million was paid in cash and $4.5 million represented the value of stock options. Statements included in this press release which are not historical in The transaction is projected to deliver 17% EPS accretion to Chemical As of December 31, 2018, Chemical had total consolidated assets conference calls. this partnership and the accelerated shareholder value we expect it to In 2005, TCF Bank announced the sale of its Michigan headquarters building to On November 6, 2006, TCF announced the sale of 10 branches in Battle Creek, Bay City, and Saginaw to In 2008, TCF entered the commercial inventory finance business in the U.S. and Canada with the creation of TCF Inventory Finance, Inc. communities we serve.” The establishment of Michigan permits both U.S. and non-U.S. banks to establish branch offices in Michigan. Each outstanding share of the SEC for the year ended December 31, 2017. with the SEC. offices located primarily in Michigan, northeast Ohio and northern Under the terms of the CRA, the appropriate federal bank regulatory agency is required, in connection with its examination of a bank, to assess such bank's record in meeting the credit needs of the community served by that bank, consistent with the safe and sound operation of the institution. date hereof, whether as a result of new information, future events or “The combination of TCF and Chemical creates the largest midcap drive multiple growth engines, enhance our ability to compete in the She joined Chemical as Controller on January 1, 1985 and was named Chief Financial Officer in May 1987, Senior Vice President in February 1991, Treasurer in April 1994 and Executive Vice President in January 2002. These laws and regulations can have a significant effect on the operating results of banks.To recharacterize itself as a financial holding company and to avail itself of the broader powers permitted for financial holding companies, a bank holding company must meet certain regulatory standards for being "well capitalized," "well-managed" and "satisfactory" in its Community Reinvestment Act compliance. capabilities of both banks and will share equally in the integration Chemical and TCF with respect to their planned merger, the strategic The Stock Purchase Plan provides for a maximum of 75,000 shares of the Corporation's common stock, subject to adjustments for certain changes in the capital structure of the Corporation as defined in the Stock Purchase Plan, to be available under the Stock Purchase Plan. converted into the right to receive one share of a newly created series whether as a result of new information, future events or otherwise, bank in the Midwest, poised to deliver double-digit EPS accretion for The semi-annual assessment rate of the FDIC is based upon a system of risk-based premiums for deposit insurance, pursuant to which the premiums paid by a depository institution are based on the probability that the BIF will incur a loss in respect of such institution. The recapitalization of the Savings Association Insurance Fund ("SAIF") was accomplished through the enactment of The Deposit Insurance Funds Act of 1996 (the "Funds Act"). transaction between Chemical and TCF.

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