Great Lakes Bancorp and TCF Financial Corp. disclosed that Great Lakes had received an unsolicited letter from another financial institution interested in acquiring Great Lakes after it and TCF announced a definitive merger agreement last week.

The companies said the letter contained no acquisition proposal. The TCF deal remains subject to shareholder approval.

In press releases, the companies said the agreement- under which Minneapolis-based TC[ would acquire Ann Arbor, Mich.based Great Lakes in a stock swap valued at $195 million also includes a $7.5 million termination fee.

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