WASHINGTON - TCF Financial Corp. Monday became the latest thrift company to say it would apply for bank charters to escape high deposit insurance rates.

The Minneapolis-based holding company announced it would file applications to create national banks in Minnesota, Illinois, Wisconsin, and Michigan, where it already owns savings institutions. The new banks would be insured by the Bank Insurance Fund, whose premiums are to decline this fall to an average of four cents per $100 of deposits.

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