Great Lakes Bancorp reveals letter from 2d potential bidder.

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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