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TD Canada Trust branch in Edmonton, Alberta. The Bank of Toronto (founded in 1855) and The Dominion Bank (founded in 1869) merged on 1 February 1955 to form TD Bank. Canada Trust, founded in 1864 in London, Ontario as Huron and Erie Savings and Loan Society, was acquired by TD Bank in 2000, after which TD adopted the new brand name "TD Bank Financial Group".
In the United States, the company operates through their subsidiary TD Bank, N.A., which was created through the merger of TD Banknorth and Commerce Bank. TD Bank serves more than 6.5 million customers in the United States with a network of over 1,200 branches in 16 states and the District of Columbia. [9]
On November 20, 2006, TD Bank Financial and TD Banknorth entered into an agreement in which TD Bank would acquire all remaining shares of TD Banknorth held by the public for US$32.33 per share in cash. This was completed on April 20, 2007, and TD Banknorth became a wholly owned subsidiary of TD Bank.
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TD Bank (United States) TD Banknorth; TD Canada Trust; TD Cowen; TD Garden; TD Place Arena; TD Place Stadium; TD Station; TD Tower (Edmonton) TD Centre (Halifax, Nova ...
TD Bank may also refer to: TD Canada Trust, based in Toronto, Ontario, TD Bank's Canadian retail banking division; TD Bank, N.A. based in Cherry Hill, New Jersey, TD Bank's American retail banking division Former U.S. retail-banking division TD Banknorth, since merged with Commerce Bancorp to form TD Bank, N.A.
As of March 2008, their stated plan was to merge Commerce with their existing TD Banknorth subsidiary, calling the new bank TD Commerce Bank. [38] However, Commerce Bank based in Worcester, Massachusetts challenged the new name. As a result, TD renamed its US subsidiary TD Bank at end of 2009. [39]
When TD expanded into the US with the acquisition of Banknorth in 2006, he moved to Portland as President of TD Banknorth. [2] A year later, Masrani became President and Chief Executive Officer, TD Banknorth. In 2008, TD acquired Commerce Bancorp and integrated TD Banknorth to become TD Bank, N.A. [13] Masrani became Group Head, US Personal and ...