TCF Financial Corporation, a national bank holding company with $18.8 billion in total assets, has elected Executive Vice Presidents Craig Dahl and Thomas Jasper to the board of directors, effective January 1, 2012. Dahl will take on the new role of vice chairman, Lending. Jasper's new role will be vice chairman, funding, operations and finance.

In addition, the board announced a strategic realignment in managing its business consistent with new marketplace realities in the financial industry. The realignment aims to structure the company to better manage its four key initiatives: 1) Corporate Development, 2) Enterprise Risk Management, 3) Lending and 4) Funding.

As part of that realignment, Vice Chairman Barry Winslow will take on new executive management responsibilities in corporate development. Neil Brown, president and chief operating officer, will assume Winslow's role of chief risk officer.

Earl Stratton, who was promoted to chief operating officer, will report to Jasper. Stratton will take on executive management responsibilities over retail branch banking while retaining his responsibilities over bank operations and information technology.

Also, TCF's board of directors announced that Michael Jones, currently executive vice president and CFO of TCF equipment finance, and executive vice president of Winthrop Resources Corporation, has been elected to executive vice president and CFO of TCF Financial Corporation, effective Jan. 1, 2012. He also will report to Jasper.