TCF Financial, a financial and banking company based in
Minnesota, reported that its equipment leasing and finance unit
revenues increased by 13 per cent for the third quarter of 2007, up
$1.7m (£0.85m) to $15.1m (£7.5m).
The rise was due to higher sales-type lease revenue, operating
lease revenue and other fees.
Average assets were $1.9bn (£1bn) and non-performing assets by
September 30 2007 were $9.1bn (£4.5bn), up 50 per cent on the same
period in 2006.