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Business Services Industry

TCF National Bank Selects Magnet Communications for Internet Business Banking Services

Business Wire, July 16, 2001

Business Editors/Hi-Tech Writers

ATLANTA--(BUSINESS WIRE)--July 16, 2001

Magnet to Enable Broader Services for Bank's Mid-Sized and Large

Business Customers

Magnet Communications, Inc. (www.magnetbanking.com), the Internet Business Banking Authority, announced today that Minnesota-based TCF National Bank (TCF) has recently joined an ever-growing roster of financial institutions utilizing Magnet's Internet Banking Suite to provide Web-based cash management to their commercial clients.

TCF National Bank, a subsidiary of TCF Financial Corporation (NYSE:TCB), will utilize Magnet's Internet Banking Suite in the six states in which it operates including Colorado, Illinois, Indiana, Michigan, Minnesota and Wisconsin.

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Initially, TCF Express Business will offer online services for previous and same day balance reporting, stop payments, book transfers, Automated Clearing House (ACH), and wire transfers to commercial banking customers.

"Adopting Magnet's Internet Banking Suite is an integral part of our business strategy of making banking easy and convenient for all TCF customers," said Lynn Nagorske, president of TCF Financial Corporation. "By implementing Magnet's cash management applications, we can provide better banking service to our growing base of commercial banking customers, and add functionality as our customers' needs grow."

"We look forward to working with the TCF team to create value-added offerings for their commercial banking customers," said Stephen M. Gordon, president and chief executive officer of Magnet Communications. "Our proven business banking services give financial institutions such as TCF a fast and reliable means to bring robust, flexible Internet business banking to their growing base of commercial customers."

About TCF National Bank

TCF National Bank is an affiliate of TCF Financial Corporation, a Minnesota-based national financial holding company with $11.8 billion in assets. TCF has more than 350 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing, mortgage banking, and investment and insurance sales.

More details on the company are available at www.tcfexpress.com.

About Magnet Communications

Magnet Communications, Inc., the Internet Business Banking Authority, was founded in 1995 and is a leading provider of business-centric Internet banking infrastructure to banks of all sizes. Magnet's Internet Banking Suite is one of the most comprehensive Web-based business banking solutions in the market today and allows financial institutions to serve businesses of all sizes.

Magnet's products are delivered through either an in-house infrastructure or through Magnet's application service provider, Magnet Outsource Service (MOS), which provides faster implementation for quick time to market. The suite offers more than 15 cash management and business banking applications, including digital signatures, image-based lockbox delivery, and foreign exchange.

Magnet's iPortBiz, a bank-branded hosted services portal, combines digitally secure cash management services with essential business services, including business-to-business bill payment, bill presentment, and tax filing, as well as integration with business financial management packages such as QuickBooks(R) and wireless channels.

For more information regarding Magnet Communications or its products and services, please call 404/892-9300, visit www.magnetbanking.com or email sales@magnetbanking.com.

Magnet, Magnet Communications, Magnet Internet Banking Suite, iPortBiz, Magnet Outsource Service and The Internet Business Banking Authority are trademarks and/or service marks of Magnet Communications, Inc.

Business Services Industry

TCF National Bank Selects Magnet Communications for Internet Business Banking Services

Business Wire, July 16, 2001

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