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Wednesday, June 2, 2021

Equity Corporate Actions Alert #2021 - 92
(UPDATE: Merger effective) Information Regarding the Merger of TCF Financial Corporation (TCF, TCFCP)

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  • Industry Announcement

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At a special meeting held on March 25, 2021, the shareholders of TCF Financial Corporation (TCF, TCFCP) approved a merger with Huntington Bancshares, Inc. (HBAN). The merger closed prior to the market open on June 9, 2021. In anticipation of the closing, TCF and TCFCP was halted immediately following the after-hours session at 8 p.m. on June 8, 2021. TCF and TCFCP will remain halted on the day of closing (June 9th) and will be suspended effective June 10, 2021. The details are as follows:

Company Name/Issue: TCF Financial Corporation Common Stock
CUSIP#: 872307103
Symbol: TCF
Last Trading Date: June 8, 2021
Marketplace Effective Date for Suspension: June 10, 2021
Merger Consideration: 3.0028 shares of Huntington Bancshares Incorporated (HBAN) for each share held.
Company Name/Issue: TCF Financial Corporation Depositary Shares
representing 5.70% Series C Non-Cumulative
Preferred Stock
CUSIP#: 872307202
Symbol: TCFCP
Last Trading Date: June 8, 2021
Marketplace Effective Date for Suspension: June 10, 2021
Merger Consideration: One (1) share of Huntington Bancshares Incorporated
Depositary Shares each representing a 1/1000th
interest in a share of Huntington Series I Preferred Stock (HBANM) for each share held.

Huntington Bancshares Incorporated will issue a new depositary share which will list on Nasdaq following the completion of the merger. The details are as follows:

Company Name/Issue: Huntington Bancshares Incorporated Depositary
Shares each representing a 1/1000th interest
in a share of Huntington Series I Preferred Stock
CUSIP#: 446150781
Symbol: HBANM
First Trading Date: June 9, 2021

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