Roadtrek and TCF Inventory
Finance Enter into Financing Agreement
Schaumburg, IL, May 6,
2014 – Roadtrek Motorhomes Inc., the number one class B manufacturer in North America,
and TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank
and an indirect subsidiary of TCF Financial Corporation (“TCF”) (NYSE: TCB), today
announced that they have entered into a financing agreement. Under the
agreement, TCFIF will be the preferred inventory finance provider for a
Roadtrek-branded finance program for dealers throughout the United States and
“We are very pleased to
join forces with TCFIF and use our financial strength to support dealer sales
growth and profitability. TCFIF are a
great group of people, and we look forward to working together to grow existing
dealers and support new dealers in our open points,” remarked Jim Hammill,
president of Roadtrek.
Now in its sixth year in
business, TCFIF continues to expand its presence in the RV industry. This
agreement with Roadtrek is a further demonstration of TCFIF’s continued
commitment to RV manufacturers, distributors and dealers.
“We are excited to begin
this relationship with Roadtrek and its dealers,” said Ross Perrelli, president
and chief executive officer of TCFIF. “We are committed to helping Roadtrek
deliver innovative products and superior customer service to its customers –
and together we can help make great things happen for Roadtrek dealers.”
TCFIF is recognized as an
excellent source of inventory financing the RV industry. TCFIF also provides
equipment financing, commercial leasing and commercial banking products and
services through TCF affiliated companies.
Additionally, through The Customer First Alliance, TCFIF customers have
access to cost-effective, tailored business and personal advisory services
provided by third parties not affiliated with TCFIF.
industry leading class B motorhomes, which are renowned for innovative designs,
high quality craftsmanship, extensive customer support and backed by the
largest dealer network in the industry. Since
1990, Roadtrek has been recognized as the number one selling class B motorhome
in North America, selling its motorhomes through a network of independent RV
dealers in the USA, Canada and Japan.
About TCF Inventory
TCFIF is a premier
inventory finance company offering a full range of inventory financing
solutions to manufacturers, distributors and their dealers throughout the
United States and Canada in the marine, powersports, recreation vehicle,
specialty product, lawn and garden, and the consumer electronics and appliances
industries. For more information about TCFIF, please visit www.tcfif.com.
About TCF Financial
TCF is a Wayzata, Minnesota-based national bank
holding company. As of March 31, 2014, TCF had $18.8 billion in total assets
and 381 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin,
Indiana, Arizona and South Dakota, providing retail and commercial banking
services. TCF, through its subsidiaries, also conducts commercial leasing and
equipment finance business in all 50 states, commercial inventory finance
business in the U.S. and Canada, and indirect auto finance business in 48
states. For more information about TCF, please visit http://ir.tcfbank.com.