Upside risks to our price objective are a quicker pick-up in capital return than we are expecting and SNV being acquired above our price objective. TCF Financial Corp. (TCB) BankofAmerica <2” 72 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014386 --- PAGE BREAK --- We us

ala Cullen/Frost Bankers Inc CFR CFRUS Ebrahim H. Poonawala M&T Bank MTB MTB US Erika Najarian Prosperity Bancshares Inc PB PBUS Ebrahim H. Poonawala TCF Financial Corp. TCB TCB US Ebrahim H. Poonawala Disclosures Important Disclosures Equity Investment Rating Distribution: Aerospace/Defense Electronics Group (as of