2002 Annual Report _  Investing in the Future We continue to have a mutuality of interest with our shareholders. Our senior management and board of directors own approximately 6.2 mil- lion shares of TCF stock. Seventy-seven percent of our eligible employees participate in TCF’s employee stock ownership plan, which at year-end held over 4.1 million shares. Our stock plans for senior management continue to be restricted stock grants based on long-term growth in earn- ings per share. We are true owners as we face the downside risk of our decisions as well as the upside potential. We remain very optimistic about TCF’s future. TCF repurchased 3.1 million shares (4 percent) of its stock in 2002 and a total of 21.7 million shares (23 percent) since the beginning of 1998. While the number of shares we buy remains subject to the availability of capital, we plan to continue repurchasing shares as long as TCF stock remains our most attractive investment opportunity. We consider the return from repurchasing TCF stock as another hurdle rate for acquisi- tions. Potential changes in the taxability of dividends may change our strategy on stock buybacks vs. dividends. Again this year, we give special thanks to our hardworking, responsive and dedicated Board of Directors. Our Board consists largely of entre- preneurial business people who also own TCF stock. We appreciate their continued guidance and support. We also thank our outstanding team of employees who truly do put the customer first every day. The ability, dedication and energy of our employees are extraordinary. Thank you for your continued support and investment in TCF. William A. Cooper Chairman of the Board and Chief Executive Officer Lynn A. Nagorske President and Chief Operating Officer page 8 02 01 00 99 98 $143 $168 $190 $209 $218 Fee Revenue Per RetailGLYPH<CR> Checking Account 2002 Annual Growth Rate of +4%GLYPH<CR> 02 01 00 99 98 913 1,032 1,131 1,249 1,338 Checking Accounts 2002 Annual Growth Rate of +7%GLYPH<CR> (thousands)