TCF Financial Corp., Wayzata, Minn., has reported that it will merge the residential mortgage loan origination activities of its TCF Mortgage Corp. into TCF National Bank."Effective Dec. 1, all residential mortgage loans will be made by the consumer lending division of TCF National Bank, and TCFMC will no longer be selling mortgage loans in the secondary market," the company said. TCF said expenses associated with the merger would be approximately $2.5 million, including approximately $1.2 million in the third quarter. TCF can be found online at http://www.tcfbank.com.
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