VGMFS Corporate Profile

Among TCF's fastest growing operations are its two leasing companies: Winthrop Resources Corporation and TCF Equipment Finance, Inc. The leasing companies have experienced a 148% increase in total portfolio since 2003. During the second quarter of 2009, the total portfolio increased $20.6 million or 0.7%. Year to Date 2009, the total portfolio increased $331.2 million or 13%. The companies' diversified marketing strategy covers a broad range of the major equipment sectors for lease and loan financing primarily throughout the United States.

Winthrop Resources Corporation, established in 1982 and acquired by TCF in 1997, focuses on providing customized, high technology lease financing to meet the special needs of mid-size and large companies and health care facilities who are procuring computers, servers, telecommunication and other technology equipment.

TCF Equipment Finance, Inc. provides financing solutions to small and mid-size companies through programs with vendors, manufacturers, distributors and franchise organizations. Focus industries include: construction, manufacturing, printing, packaging, woodworking, restaurant and hospitality, franchise finance, vocational and specialty vehicles such as tow trucks, tire service trucks, motorcoaches, shuttle buses, and funeral coaches along with various other industry specific niches.

VGMFS, established in 1991 and acquired by TCF Equipment Finance in 2004, provides equipment financing to the homecare and the golf/club markets. VGMFS tailors finance solutions for small to mid-size companies through established partnerships with vendors and exclusive sources. VGMFS is the sole provider of capital for members of The VGM Group, the nation's largest group purchasing organization in the homecare and golf/club markets. VGMFS designs finance solutions for equipment such as pill dispensers, concentrators/liquid oxygen, ventilators, sleep labs, golf cars, turf equipment, and clubhouse remodels.

Leasing and Equipment Finance Total Portfolio

Loan and Lease Originations and Purchases