MINNEAPOLIS - TCF Financial Corp. said its TCF Bank Michigan unit has acquired $231.5 million of insured deposits and 15 offices of First Federal Savings and Loan Association, Pontiac, from the Resolution Trust Corp.

TCF paid the government agency a premium of $14.5 million. or 6.3% of the deposits.

The RTC became conservator of First Federal in October 1991.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.