Karen L. Grandstrand serves as Independent Director of the Company. Karen L. Grandstrand was appointed to the Board of TCF upon completion of our Merger with Legacy TCF on August 1, 2019. She was appointed to the Board of Legacy TCF in 2010. She is currently the Chair of the Risk Committee and the Risk Management Subcommittee, and is a member of the Audit, Compensation and Pension, and Finance Committees. She is a shareholder in the Minneapolis law firm of Fredrikson & Byron, P.A. and Chair of the firm’s Bank and Finance Group. Before joining the firm in 1999, Ms. Grandstrand was Senior Vice President of the Banking Supervision and Risk Management Departments at the Federal Reserve Bank of Minneapolis, where she worked from 1985 to 1999. She served as a director of Thrivent Financial Bank from 2006 to 2010 and has also served as a director for various Minnesota civic and educational entities. Ms. Grandstrand’s contributions as a Director include her insight into the regulatory environment in which TCF operates and expertise in regulatory compliance. As the banking industry is highly regulated, her knowledge, experience, and skills are invaluable to the Board’s decision making.
As the Independent Director of TCF Corp, the total compensation of Karen Grandstrand at TCF Corp is $82,583. There are 11 executives at TCF Corp getting paid more, with Thomas Shafer having the highest compensation of $7,563,640.
Karen Grandstrand is 64, she's been the Independent Director of TCF Corp since 2019. There are 7 older and 17 younger executives at TCF Corp. The oldest executive at TCF Financial Corp is Vance Opperman, 77, who is the Lead Independent Director.
Karen's mailing address filed with the SEC is 333 W FORT STREET, SUITE 1800, DETROIT, MI, 48226.
Over the last 7 years, insiders at TCF Corp have traded over $15,582,698 worth of TCF Corp stock and bought 42,676 units worth $1,282,548 . The most active insiders traders include David T Provost, Gary Torgow és Craig R Dahl. On average, TCF Corp executives and independent directors trade stock every 23 days with the average trade being worth of $695,778. The most recent stock trade was executed by Thomas C Shafer on 8 June 2021, trading 66,969 units of TCF stock currently worth $3,091,289.
TCF Financial Corporation is a Detroit, Michigan-based financial holding company with $48 billionin total assets at Sept. 30, 2020 and a top 10 deposit market share in the Midwest. TCF's primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 475 branches primarily located in Michigan, Illinoisand Minnesotawith additional locations in Colorado, Ohio, South Dakotaand Wisconsin. TCF also conducts business across all 50 states and Canadathrough its specialty lending and leasing businesses.
TCF Corp executives and other stock owners filed with the SEC include: